REGION GROUP (RGN)
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RGN

RGN - REGION GROUP

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 7.43
Index: ASX200 | ASX300 | ALL-ORDS

Region Group changed its name in late November 2022 from SCA Property Group, which was previously spun-off from Woolworths.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.36

05 Nov
2026

0.040

OPEN

$2.35

1.72%

HIGH

$2.37

2,748,150

LOW

$2.34

TARGET
$2.408 2.0% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . ARF . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DGT . DXC . DXI . DXS . FDC . GDF . GDI . HCW . HDN . PLG . REP . RFF . SCG . SKG . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
RGN: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 23.3 16.0 xxx
DPS (cps) xxx 14.1 14.6 xxx
EPS Growth xxx 27.2% - 31.1% xxx
DPS Growth xxx 2.9% 3.7% xxx
PE Ratio xxx N/A 14.8 xxx
Dividend Yield xxx N/A 6.2% xxx
Div Pay Ratio(%) xxx 60.6% 91.3% xxx

Dividend yield today if purchased 3 years ago: 6.71%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.95

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 29/06 - (franking ex-div 7.20c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx23.3
DPS All xxxxxxxxxxxxxxx14.1
Sales/Revenue xxxxxxxxxxxxxxx488.8 M
Book Value Per Share xxxxxxxxxxxxxxx256.6
Net Operating Cash Flow xxxxxxxxxxxxxxx182.1 M
Net Profit Margin xxxxxxxxxxxxxxx54.99 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx9.25 %
Return on Invested Capital xxxxxxxxxxxxxxx5.96 %
Return on Assets xxxxxxxxxxxxxxx5.75 %
Return on Equity xxxxxxxxxxxxxxx9.25 %
Return on Total Capital xxxxxxxxxxxxxxx4.90 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-124.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx1,643 M
Total Debt xxxxxxxxxxxxxxx1,643 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx16 M
Price To Book Value xxxxxxxxxxxxxxx0.91

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx146.1 M
Capex % of Sales xxxxxxxxxxxxxxx29.89 %
Cost of Goods Sold xxxxxxxxxxxxxxx137 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx131 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4,612 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.1

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

08/09/2026

1

Buy

$2.60

10.17%

Citi believes the recent results season confirms a structural landlord's market for Australian retail REITs, supported by 30-year-low development supply and population-driven demand.

Commentary highlights occupancy is near record levels, including 99.8% at GPT Group and Scentre Group and 99.6% at Vicinity Centres.

It's also noted leasing spreads were positive across the sector, ranging from 3.7% to 23.6%, while tenant vacancies remained limited and demand for space strong. The "standout" 23.6% for BWP Trust's Large Format Retail portfolio is highlighted.

Citi expects these conditions to persist for at least 12-18 months, providing insulation from consumer weakness and rising interest rates.

The broker prefers Scentre Group and GPT Group among large-cap stocks, while favouring the defensiveness and net tangible asset (NTA) discounts of Charter Hall Retail REIT and Region Group.

For Region Group: Buy rating. Target $2.60.

FORECAST
Citi forecasts a full year FY27 dividend of 14.50 cents and EPS of 16.00 cents.
Citi forecasts a full year FY28 EPS of 17.00 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Moelis

20/08/2026

1

Buy

$2.68

13.56%

Moelis maintains a Buy rating for Region Group with an unchanged $2.68 target price following an FY26 operating result reporting funds from operations per share of 16.0c and adjusted funds from operations of 14.1c.

The analyst highlights that comparable net operating income grew by 3.3% year-on-year, supported by resilient non-discretionary tenant performance and robust specialty leasing spreads of 4.0%.

The broker's estimates factor in slight reductions to medium-term funds from operations forecasts to account for higher floating interest rate assumptions.

Management reported stable net tangible assets of $2.57 per share and an affordable average specialty occupancy cost of 9.7%.

The valuation is derived from a sum-of-the-parts and discounted cash flow methodology, supported by an attractive implied cap rate and distribution yield.

FORECAST
Moelis forecasts a full year FY27 dividend of 14.50 cents and EPS of 16.50 cents.
Moelis forecasts a full year FY28 dividend of 15.00 cents and EPS of 17.10 cents.
Access Extra Coverage Research History >

RGN STOCK CHART

FNArena News on RGN

1
Weekly Ratings, Targets, Forecast Changes – 16-10-26

Oct 19 2026 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Oct 15, 2026

Oct 15 2026 - Daily Market Reports
3
Rudi’s View: Bravura, Capricorn Metals, Downer EDI, PLS, Symal & More

Oct 08 2026 - Rudi's View
4
A-REITs Facing More RBA Rate Pressure In FY27

Sep 18 2026 - Feature Stories
5
Australian Broker Call *Extra* Edition – Aug 20, 2026

Aug 20 2026 - Daily Market Reports

Latest REITs News

1
Australian Listed Real Estate Tables – 02-11-2026

Nov 02 2026 - Weekly Reports
2
Australian Listed Real Estate Tables – 26-10-2026

Oct 26 2026 - Weekly Reports
3
Australian Listed Real Estate Tables – 19-10-2026

Oct 19 2026 - Weekly Reports
4
Australian Listed Real Estate Tables – 12-10-2026

Oct 12 2026 - Weekly Reports
5
Australian Listed Real Estate Tables – 06-10-2026

Oct 06 2026 - Weekly Reports
6
Australian Listed Real Estate Tables – 29-09-2026

Sep 29 2026 - Weekly Reports
7
Australian Listed Real Estate Tables – 22-09-2026

Sep 22 2026 - Weekly Reports
8
Treasure Chest: Abacus Group

Sep 22 2026 - Treasure Chest
9
A-REITs Facing More RBA Rate Pressure In FY27

Sep 18 2026 - Feature Stories
10
Australian Listed Real Estate Tables – 14-09-2026

Sep 14 2026 - Weekly Reports