REGION GROUP (RGN)
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RGN

RGN - REGION GROUP

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 7.78
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

$2.31

24 Jun
2025

-0.040

OPEN

$2.37

-1.70%

HIGH

$2.37

4,436,708

LOW

$2.31

TARGET
$2.322 0.5% 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 . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
RGN: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 1.5 14.9 xxx
DPS (cps) xxx 13.7 11.2 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx - 9.9% - 18.1% xxx
PE Ratio xxx N/A 15.5 xxx
Dividend Yield xxx N/A 4.9% xxx
Div Pay Ratio(%) xxx 919.5% 75.3% xxx

Dividend yield today if purchased 3 years ago: 4.76%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.93

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: 30/12 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx1.5
DPS All xxxxxxxxxxxxxxx13.7
Sales/Revenue xxxxxxxxxxxxxxx376.0 M
Book Value Per Share xxxxxxxxxxxxxxx242.2
Net Operating Cash Flow xxxxxxxxxxxxxxx182.8 M
Net Profit Margin xxxxxxxxxxxxxxx4.60 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx0.60 %
Return on Invested Capital xxxxxxxxxxxxxxx0.40 %
Return on Assets xxxxxxxxxxxxxxx0.38 %
Return on Equity xxxxxxxxxxxxxxx0.60 %
Return on Total Capital xxxxxxxxxxxxxxx4.58 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-140.1 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx1,578 M
Total Debt xxxxxxxxxxxxxxx1,578 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx19 M
Price To Book Value xxxxxxxxxxxxxxx0.87

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx156.6 M
Capex % of Sales xxxxxxxxxxxxxxx41.65 %
Cost of Goods Sold xxxxxxxxxxxxxxx133 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx41 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4,382 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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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

27/05/2025

1

Initiation of coverage with Buy

$2.65

14.72%

Bell Potter initiates coverage of Region Group with a Buy rating, highlighting its position as Australia’s largest owner of supermarket-based shopping centres.

Region Group is considered a resilient, low-beta REIT benefiting from defensive non-discretionary income streams.

The REIT is seen as well positioned for near-term rental growth, with specialty rents significantly below market averages and a sector-leading tenant occupancy cost ratio.

The stock currently trades at a modest -2% discount to net tangible assets (NTA), the narrowest in its peer group. Bell Potter anticipates this gap will close through sector cap rate compression and continued share buybacks.

Management has completed under 3% of its current buyback, with recent purchases around $2.30, reinforcing confidence in valuation, suggest the analysts.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 3.80 cents.
Bell Potter forecasts a full year FY26 dividend of 14.00 cents.

Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$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

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Moelis

13/02/2025

1

Buy

$2.54

9.96%

Region Group's 1H25 result was in line with the Moelis' previously flagged earnings tailwinds, with the REIT also maintaining forecasts for the full year.

The broker left its estimates largely unchanged, highlighting forecasts imply a long-awaited return to earnings growth in FY26.

Buy rating and $2.54 target are unchanged.

FORECAST
Moelis forecasts a full year FY25 dividend of 13.70 cents and EPS of 15.50 cents.
Moelis forecasts a full year FY26 dividend of 14.10 cents and EPS of 16.00 cents.
Access Extra Coverage Research History >

RGN STOCK CHART

FNArena News on RGN

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 13-06-25

Jun 13 2025 - Weekly Reports
2
Rudi’s View: Amcor, GQG, IPH, Data#3 & Qualitas

Jun 12 2025 - Rudi's View
3
Australian Broker Call *Extra* Edition – Jun 12, 2025

Jun 12 2025 - Daily Market Reports
4
Rudi’s View: NextDC, QBE, Superloop & Woodside

Jun 05 2025 - Rudi's View
5
Rudi’s View: 30 For ’30 & Best Buy Convictions

May 15 2025 - Rudi's View

Latest REITs News

1
Australian Listed Real Estate Tables – 23-06-2025

Jun 23 2025 - Weekly Reports
2
Australian Listed Real Estate Tables – 16-06-2025

Jun 16 2025 - Weekly Reports
3
In Case You Missed It – BC Extra Upgrades & Downgrades – 13-06-25

Jun 13 2025 - Weekly Reports
4
Australian Listed Real Estate Tables – 10-06-2025

Jun 10 2025 - Weekly Reports
5
Australian Listed Real Estate Tables – 02-06-2025

Jun 02 2025 - Weekly Reports
6
Australian Listed Real Estate Tables – 26-05-2025

May 26 2025 - Weekly Reports
7
Australian Listed Real Estate Tables – 19-05-2025

May 19 2025 - Weekly Reports
8
Australian Listed Real Estate Tables – 13-05-2025

May 13 2025 - Weekly Reports
9
Australian Listed Real Estate Tables – 05-05-2025

May 05 2025 - Weekly Reports
10
Australian Listed Real Estate Tables – 28-04-2025

Apr 28 2025 - Weekly Reports