NewsBite

Scentre's sales hold up amid retail pressure

Nick Lenaghan
Nick LenaghanProperty editor

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Key Points

  • Full-year revenue ($m) 2616.4, down -0.7%
  • Pre-tax profit ($m) 1244.5, down 46.9%
  • Net profit ($m) 1187.6, down 48.3%
  • Final dividend 11.3c, up 2%
  • Date dividend payable February 28

Sales growth among the specialty tenants in Westfield malls – among them leisure, fashion and tech stores  – has held up even as landlord Scentre navigates a softening retail environment.

Peter Allen at Westfield Sydney.  Louise Kennerley

Loading...
Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Commercial

Fetching latest articles

Most Viewed In Property

    Original URL: https://www.afr.com/property/commercial/westfield-owner-scentre-s-sales-hold-up-amid-retail-pressure-20200218-p541r2