SCENTRE GROUP (SCG)
Share Price Analysis and Chart

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SCG

SCG - SCENTRE GROUP

FNArena Sector : REITs
Year End: December
GICS Industry Group : Real Estate
Debt/EBITDA: N/A
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Scentre Group was formed in 2014 through the merger of Westfield Retail Trust and Westfield Group's Australian and New Zealand management business. The company owns, manages and develops Westfield shopping centres in Australia and New Zealand.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.80

07 May
2026

0.050

OPEN

$3.79

1.33%

HIGH

$3.82

19,930,602

LOW

$3.76

TARGET
$3.958

+0.01 change from previous day

 4.2% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DGT . DXC . DXI . DXS . GDF . GDI . HCW . HDN . NSR . PLG . REP . RFF . RGN . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
SCG: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 34.2 23.5 xxx
DPS (cps) xxx 17.7 18.2 xxx
EPS Growth xxx 68.9% - 31.3% xxx
DPS Growth xxx 3.0% 2.7% xxx
PE Ratio xxx N/A 15.8 xxx
Dividend Yield xxx N/A 4.9% xxx
Div Pay Ratio(%) xxx 51.9% 77.6% xxx

Dividend yield today if purchased 3 years ago: 6.24%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.78

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: 14/08 - (franking ex-div 8.82c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx34.2
DPS All xxxxxxxxxxxxxxx17.7
Sales/Revenue xxxxxxxxxxxxxxx2,685.0 M
Book Value Per Share xxxxxxxxxxxxxxx362.1
Net Operating Cash Flow xxxxxxxxxxxxxxx1,027.9 M
Net Profit Margin xxxxxxxxxxxxxxx66.24 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx9.64 %
Return on Invested Capital xxxxxxxxxxxxxxx5.59 %
Return on Assets xxxxxxxxxxxxxxx4.96 %
Return on Equity xxxxxxxxxxxxxxx9.64 %
Return on Total Capital xxxxxxxxxxxxxxx5.26 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx160.3 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx2,594 M
Long Term Debt xxxxxxxxxxxxxxx12,434 M
Total Debt xxxxxxxxxxxxxxx15,029 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx529 M
Price To Book Value xxxxxxxxxxxxxxx1.16

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx17.8 M
Capex % of Sales xxxxxxxxxxxxxxx0.66 %
Cost of Goods Sold xxxxxxxxxxxxxxx772 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx97 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx30,890 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

0.5

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

04/05/2026

1

Overweight

$4.41

16.05%

Scentre Group has completed the repurchase of its 2030 hybrids $1.8bn with 89% acceptance noted by Morgan Stanley which paves the way for the balance to be acquired on a compulsory basis.

As flagged previously, the group could "theoretically" save some $65m per annum adding 2.5% accretion to funds from operations for a half year impact the analyst describes in 2026.

Investors looking for an earnings upgrade are likely to be disappointed but overall it is considered a positive result for Scentre Group.

No change to target price of $4.41. Overweight rated. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 18.40 cents and EPS of 23.70 cents.
Morgan Stanley forecasts a full year FY27 dividend of 18.50 cents and EPS of 24.10 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

05/05/2026

2

Overweight

$4.00

5.26%

Jarden maintains an Overweight rating for Scentre Group and upgrades its target price to $4.00 from $3.92 following the successful outcome of the subordinated notes tender offer.

Approximately 89% of investors accepted the premium offer, triggering the compulsory redemption of the remaining notes at par, which the broker views as a highly positive capital management outcome.

By replacing the hybrid notes with senior debt, Scentre Group achieves a 400 basis point margin saving, generating an estimated $55m in earnings accretion for the upcoming financial year.

While FY26 guidance remains unchanged — suggesting near-term benefits will be spread to cover hedging in subsequent years — Jarden has upgraded its medium-term earnings forecasts by roughly 4%, underpinning confidence in the REIT's long-term growth trajectory.

FORECAST
Jarden forecasts a full year FY26 dividend of 18.40 cents and EPS of 23.90 cents.
Jarden forecasts a full year FY27 dividend of 18.80 cents and EPS of 24.90 cents.
Access Extra Coverage Research History >

SCG STOCK CHART

FNArena News on SCG

1
Australian Broker Call *Extra* Edition – May 05, 2026

May 05 2026 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 01-05-26

May 04 2026 - Weekly Reports
3
In Case You Missed It – BC Extra Upgrades & Downgrades – 01-05-26

May 01 2026 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Apr 29, 2026

Apr 29 2026 - Daily Market Reports
5
Rudi’s View: Best Buys & Conviction Calls

Apr 23 2026 - Rudi's View

Latest REITs News

1
Australian Listed Real Estate Tables – 05-05-2026

May 05 2026 - Weekly Reports
2
Australian Listed Real Estate Tables – 27-04-2026

Apr 27 2026 - Weekly Reports
3
Australian Listed Real Estate Tables – 13-04-2026

Apr 13 2026 - Weekly Reports
4
Assessing Real Estate’s AI Future

Apr 09 2026 - Australia
5
Australian Listed Real Estate Tables – 07-04-2026

Apr 07 2026 - Weekly Reports
6
Australian Listed Real Estate Tables – 16-03-2026

Mar 16 2026 - Weekly Reports
7
A-REITs: Debt And RBA Hikes vs Solid Momentum

Mar 12 2026 - Australia
8
Australian Listed Real Estate Tables – 09-03-2026

Mar 09 2026 - Weekly Reports
9
Australian Listed Real Estate Tables – 02-03-2026

Mar 02 2026 - Weekly Reports
10
Australian Listed Real Estate Tables – 23-02-2026

Feb 23 2026 - Weekly Reports