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

$3.43

24 Mar
2026

0.020

OPEN

$3.40

0.59%

HIGH

$3.44

11,990,073

LOW

$3.37

TARGET
$4.058 18.3% 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 23.1 xxx
DPS (cps) xxx 17.7 18.2 xxx
EPS Growth xxx 68.9% - 32.3% xxx
DPS Growth xxx 3.0% 2.7% xxx
PE Ratio xxx N/A 14.8 xxx
Dividend Yield xxx N/A 5.3% xxx
Div Pay Ratio(%) xxx 51.9% 78.7% xxx

Dividend yield today if purchased 3 years ago: 6.47%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.17

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-di

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

0.2

No. Of Recommendations

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

UBS

xx/xx/xxxx

5

xxxxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

25/02/2026

1

Buy

$4.40

28.28%

Citi 's target price is lowered to $4.40 from $4.60 while retaining a Buy rating.

****

From today's FY25 results for Scentre Group, Citi highlights at first glance funds from operations (FFO) of $1,188m rose 4.9%. It's felt operational momentum is being supported by 99.8% occupancy, 4.5% rent escalations and 3.2% leasing spreads.

Net operating income (NOI) grew 4.8% like-for-like.

FY26 funds from operations (FFO) guidance of at least 23.73cpu implies to the broker growth of at least 4%, alongside distributions expected to rise 4% to 18.43cpu.

Around $2.2bn in capital raised via joint ventures has created significant redeployment capacity, in the analysts' view, despite near-term dilution. 

The broker sees upside from capital recycling into higher-return opportunities and observes the stock trades at a -14% discount to economic net asset value (NAV).

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

(xx/xx/xxxx)

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

05/03/2026

3

Upgrade to Neutral from Underweight

$4.15

20.99%

2025 results from Scentre Group were in line with estimates, while the maiden 2026 FFO guidance of 23.73c missed Jarden's expectations because of higher base rates and a lower expected benefit from debt refinancing. 

The broker suspects many investors had already anticipated a soft result, judging by the share price reaction.  Mall fundamentals remain strong, although Jarden's relatively dovish house view on rates supports a rotation into the more cyclical residential names where prices have rebased.

Rating is upgraded to Neutral from Underweight and the target reduced to $4.15 from $4.40.

FORECAST
Jarden forecasts a full year FY26 dividend of 18.40 cents and EPS of 24.00 cents.
Jarden forecasts a full year FY27 dividend of 18.80 cents and EPS of 24.50 cents.
Access Extra Coverage Research History >

SCG STOCK CHART

FNArena News on SCG

1
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Mar 23 2026 - Weekly Reports
2
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Mar 12 2026 - Rudi's View
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Mar 12 2026 - Australia

Latest REITs News

1
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2
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Feb 09 2026 - Weekly Reports
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Feb 02 2026 - Weekly Reports
9
Australian Listed Real Estate Tables – 27-01-2026

Jan 27 2026 - Weekly Reports
10
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Dec 22 2025 - Weekly Reports