REGION GROUP (RGN)
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RGN

RGN - REGION GROUP

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 7.57
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

$2.37

22 Jan
2026

-0.010

OPEN

$2.37

-0.42%

HIGH

$2.38

3,432,929

LOW

$2.35

TARGET
$2.464 4.0% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DGT . DXC . DXI . DXS . ECF . GDF . GDI . HCW . HDN . NSR . PLG . REP . RFF . SCG . TGP . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
RGN: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 18.3 15.6 xxx
DPS (cps) xxx 13.7 14.2 xxx
EPS Growth xxx 100.0% - 14.8% xxx
DPS Growth xxx 0.0% 3.8% xxx
PE Ratio xxx N/A 15.1 xxx
Dividend Yield xxx N/A 6.1% xxx
Div Pay Ratio(%) xxx 74.9% 91.4% xxx

Dividend yield today if purchased 3 years ago: 5.06%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.83

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: 27/06 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx18.3
DPS All xxxxxxxxxxxxxxx13.7
Sales/Revenue xxxxxxxxxxxxxxx376.1 M
Book Value Per Share xxxxxxxxxxxxxxx246.8
Net Operating Cash Flow xxxxxxxxxxxxxxx154.4 M
Net Profit Margin xxxxxxxxxxxxxxx56.50 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx7.48 %
Return on Invested Capital xxxxxxxxxxxxxxx4.81 %
Return on Assets xxxxxxxxxxxxxxx4.65 %
Return on Equity xxxxxxxxxxxxxxx7.48 %
Return on Total Capital xxxxxxxxxxxxxxx4.70 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-175.4 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 xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx1,572 M
Total Debt xxxxxxxxxxxxxxx1,572 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx9 M
Price To Book Value xxxxxxxxxxxxxxx0.89

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx170.7 M
Capex % of Sales xxxxxxxxxxxxxxx45.39 %
Cost of Goods Sold xxxxxxxxxxxxxxx137 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx31 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4,468 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

0.4

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

25/09/2025

3

Neutral

$2.47

4.22%

Macquarie has increased valuation and target price for the majority of its listed property sector coverage on stronger income fundamentals, together with improved access to and cost of capital.

Weighted average cap rate assumptions lowered by -25bps to -50bps across retail, office, and industrial, reflecting tighter spreads to bonds.

The broker notes commercial real estate transactions rose 19.1% y/y to $28.7bn in the year to June, with retail the standout, up 56% y/y.

The broker highlights equity inflow in some sectors beat expectations, with Charter Hall a good example, raising $1.75bn (with more demand) when it was seeking $300m.

The broker updated the spread to bonds for Region Group to a modest +6bps expansion, compared with the +31bps widening previously assumed.

Neutral. Target rises to $2.47 from $2.32.

FORECAST
Macquarie forecasts a full year FY26 dividend of 14.00 cents and EPS of 14.80 cents.
Macquarie forecasts a full year FY27 dividend of 14.70 cents and EPS of 15.53 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

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

20/08/2025

1

Buy

$2.63

10.97%

Region Group's FY25 Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO) met Moelis' forecasts but the FY26 guidance for both were slightly below.

The broker reckons tenant performance was relatively robust, with comparable moving annual turnover growing 3.1%, despite pressure on the consumers.

Incentives on new leases rose to 11.2 months, but there was an improvement in the 2H.

Little changes to forecasts. Buy. Target rises to $2.63 from $2.54.

FORECAST
Moelis forecasts a full year FY26 dividend of 14.00 cents and EPS of 15.90 cents.
Moelis forecasts a full year FY27 dividend of 15.00 cents and EPS of 16.90 cents.
Access Extra Coverage Research History >

RGN STOCK CHART

FNArena News on RGN

1
Australian Broker Call *Extra* Edition – Jan 19, 2026

Jan 19 2026 - Daily Market Reports
2
Rudi’s View: AI, Small Caps & Resources In 2026

Dec 18 2025 - Rudi's View
3
Rudi’s View: Amcor, Charter Hall, Challenger, Goodman, Woolworths & More

Nov 06 2025 - Rudi's View
4
Australian Broker Call *Extra* Edition – Aug 25, 2025

Aug 25 2025 - Daily Market Reports
5
Weekly Ratings, Targets, Forecast Changes – 22-08-25

Aug 25 2025 - Weekly Reports

Latest REITs News

1
Australian Listed Real Estate Tables – 22-12-2025

Dec 22 2025 - Weekly Reports
2
Australian Listed Real Estate Tables – 15-12-2025

Dec 15 2025 - Weekly Reports
3
Australian Listed Real Estate Tables – 08-12-2025

Dec 08 2025 - Weekly Reports
4
Australian Listed Real Estate Tables – 01-12-2025

Dec 01 2025 - Weekly Reports
5
Australian Listed Real Estate Tables – 24-11-2025

Nov 24 2025 - Weekly Reports
6
Australian Listed Real Estate Tables – 17-11-2025

Nov 17 2025 - Weekly Reports
7
Australian Listed Real Estate Tables – 10-11-2025

Nov 10 2025 - Weekly Reports
8
Australian Listed Real Estate Tables – 03-11-2025

Nov 03 2025 - Weekly Reports
9
Bull Flag For Charter Hall

Oct 28 2025 - Technicals
10
Australian Listed Real Estate Tables – 27-10-2025

Oct 27 2025 - Weekly Reports