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

$2.12

20 Feb
2025

-0.010

OPEN

$2.10

-0.47%

HIGH

$2.13

2,268,902

LOW

$2.09

TARGET
$2.372 11.9% 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 14.6 xxx
DPS (cps) xxx 13.7 13.7 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx - 9.9% 0.0% xxx
PE Ratio xxx N/A 14.5 xxx
Dividend Yield xxx N/A 6.5% xxx
Div Pay Ratio(%) xxx 919.5% 94.1% xxx

Dividend yield today if purchased 3 years ago: 4.74%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.49

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

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

Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

24/01/2025

2

Accumulate

$2.25

6.13%

Ord Minnett has reviewed the property sector earnings forecasts, taking into account expectations commercial property is at the bottom of the cycle, while residential remains challenged.

The broker expects an uptick in retail rental growth on sales estimates of 2%-3% in 2025 with an increase in average daily office attendance to almost four days a week, and believes national office vacancy rates have topped out near 18%.

Regarding logistics, the broker points to a slowdown in demand and landlords' incentives offering discounts of between -15% to -20%. Vacancy rates are forecast to peak at 3%-4%, with book value write-downs of -5% for logistics.

Residential will continue to be challenged by high rates, the analyst notes, and affordability remains an issue.

Ord Minnett's top picks in the sector are Dexus, Scentre Group, Vicinity Centres, and Goodman Group, with a preference for Charter Hall Social, Growthpoint, and Arena in the smaller REIT cap space.

Region Group is Accumulate rated with a lower target price of $2.25 from $2.35.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$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

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

13/02/2025

2

Downgrade to Overweight from Buy

$2.40

13.21%

Jarden lowers its target for Region Group to $2.40 from $2.50 and downgrades to Overweight from Buy given ongoing near-term risks.

First half results missed expectations due to slowing rent growth, property expense inflation, and Mosaic Brtands ((MOZ)) store closures, explains the broker, though management remains confident FY25 guidance will be met.

Jarden suggests asset recycling and the new Metro fund should support growth, while demand for non-discretionary retail assets remains strong, providing upside potential in the medium-term.

FORECAST
Jarden forecasts a full year FY25 dividend of 13.70 cents and EPS of 15.50 cents.
Jarden forecasts a full year FY26 dividend of 14.00 cents and EPS of 15.80 cents.
Access Extra Coverage Research History >

RGN STOCK CHART

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1
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1
Australian Listed Real Estate Tables – 17-02-2025

Feb 17 2025 - Weekly Reports
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4
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Dec 16 2024 - Rudi's View
5
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Dec 16 2024 - Weekly Reports
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Dec 09 2024 - Weekly Reports
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Dec 02 2024 - Weekly Reports
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Nov 25 2024 - Weekly Reports
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Australian Listed Real Estate Tables – 18-11-2024

Nov 18 2024 - Weekly Reports
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Nov 11 2024 - Weekly Reports