REGION GROUP (RGN)
Share Price Analysis and Chart

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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
$2.25 23 Apr 2025	0.010 OPEN $2.27	0.45% HIGH $2.29	4,699,070 LOW $2.25

TARGET

$2.245

-0.2% downside

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

Title	FY23 Actual	FY24 Actual	FY25 Forecast	FY26 Forecast
EPS (cps)	xxx	1.5	14.9	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	15.3	xxx
Dividend Yield	xxx	N/A	6.0%	xxx
Div Pay Ratio(%)	xxx	919.5%	91.9%	xxx

Dividend yield today if purchased 3 years ago: 4.42%

DIVIDEND YIELD CALCULATOR

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	2019	2020	2021	2022	2023	2024
EPS Basic	xxx	xxx	xxx	xxx	xxx	1.5
DPS All	xxx	xxx	xxx	xxx	xxx	13.7
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	376.0 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	242.2
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	182.8 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	4.60 %

EPS Basic

Negative
Growth
Slowing

DPS All

Negative
Growth
Slowing

Sales/Revenue

Negative
Growth
Slowing

Book Value Per Share

Negative
Growth
Slowing

Net Operating Cash Flow

Negative
Growth
Slowing

Net Profit Margin

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Return on Capital Employed	xxx	xxx	xxx	xxx	xxx	0.60 %
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	0.40 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	0.38 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	0.60 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	4.58 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	-140.1 M

Return on Capital Employed

Negative
Growth
Slowing

Return on Invested Capital

Negative
Growth
Slowing

Return on Assets

Negative
Growth
Slowing

Return on Equity

Negative
Growth
Slowing

Return on Total Capital

Negative
Growth
Slowing

Free Cash Flow ex dividends

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Short-Term Debt	xxx	xxx	xxx	xxx	xxx	0 M
Long Term Debt	xxx	xxx	xxx	xxx	xxx	1,578 M
Total Debt	xxx	xxx	xxx	xxx	xxx	1,578 M
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	-
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	19 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	0.87

Short-Term Debt

Negative
Growth
Slowing

Long Term Debt

Negative
Growth
Slowing

Total Debt

Negative
Growth
Slowing

Goodwill - Gross

Cash & Equivalents - Generic

Negative
Growth
Slowing

Price To Book Value

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Capex	xxx	xxx	xxx	xxx	xxx	156.6 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	41.65 %
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	133 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	41 M
Research & Development	xxx	xxx	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	xxx	xxx	4,382 M

Capex

Negative
Growth
Slowing

Capex % of Sales

Negative
Growth
Slowing

Cost of Goods Sold

Negative
Growth
Slowing

Selling, General & Admin. Exp & Other

Negative
Growth
Slowing

Research & Development

Investments - Total

Negative
Growth
Slowing

Negative

Growth

Slowing

EXPERT VIEWS
EXTRA COVERAGE

EXPERT VIEWS

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Sentiment Indicator

0.1

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Citi	xx/xx/xxxx	1	xxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
UBS	xx/xx/xxxx	3	xxxxxxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Macquarie	12/02/2025	5	Underperform	$2.03	-9.78%	Region Group's 1H25 result was -2% below Macquarie and consensus expectations but management reiterated full year guidance. Macquarie notes this requires funds from operations per unit sequential growth of 5% in 2H. The REIT highlighted higher fixed rent and turnover rent as well as efficiencies from the technology project and solar benefits. The broker lowered FY25-FY26 EPS forecasts by -0.2% and -1.2% respectively, after updating hedging profile and income adjustments for acquisitions, divestments and asset repositioning projects. Underperform rating and $2.03 target maintained. FORECAST Macquarie forecasts a full year FY25 dividend of 13.70 cents and EPS of 13.70 cents. Macquarie forecasts a full year FY26 dividend of 13.70 cents and EPS of 13.70 cents.
Ord Minnett	xx/xx/xxxx	2	xxxxxxxxxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial

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EXTRA COVERAGE

Display All Commentary

No. Of Recommendations

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%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Jarden	13/02/2025	2	Downgrade to Overweight from Buy	$2.40	6.67%	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.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Moelis

xx/xx/xxxx

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Jarden

13/02/2025

Downgrade to Overweight from Buy

$2.40

6.67%

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.

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RGN STOCK CHART

FNArena News on RGN

1	Next Week At A Glance – 7-11 Apr 2025 Apr 04 2025 - Weekly Reports

2	Post Bottom, Focus Shifts To A-REITs Potential Mar 13 2025 - Feature Stories

3	Australian Broker Call Extra Edition – Feb 13, 2025 Feb 13 2025 - Daily Market Reports

4	FNArena Corporate Results Monitor – 12-02-2025 Feb 12 2025 - Australia

5	Rudi’s View: AGL Energy, Bega Cheese, BRG, Harvey Norman, Imdex & Superloop Feb 06 2025 - Rudi's View

Latest REITs News

1	Australian Listed Real Estate Tables – 22-04-2025 Apr 22 2025 - Weekly Reports

2	Australian Listed Real Estate Tables – 14-04-2025 Apr 14 2025 - Weekly Reports

3	Abacus Counts Takeover Benefits Apr 14 2025 - Small Caps

4	Australian Listed Real Estate Tables – 07-04-2025 Apr 07 2025 - Weekly Reports

5	Australian Listed Real Estate Tables – 24-03-2025 Mar 24 2025 - Weekly Reports

6	Australian Listed Real Estate Tables – 17-03-2025 Mar 17 2025 - Weekly Reports

7	Post Bottom, Focus Shifts To A-REITs Potential Mar 13 2025 - Feature Stories

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

9	Australian Listed Real Estate Tables – 03-03-2025 Mar 03 2025 - Weekly Reports

10	Australian Listed Real Estate Tables – 24-02-2025 Feb 24 2025 - Weekly Reports

Dividend Yield Today On Last Actual Payout :	6.01
Estimated Dividend Growth (Average Of Past Three Years)	%
Amount Invested	$
Tell Me The Dividend After This Many Years

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REGION GROUP (RGN)
Share Price Analysis and Chart