Vicinity Centres FY26 net profit jumps 38.5% to $1,391.2 million, lifts distribution to 12.40 cents
AI Market Summary
Vicinity Centres reported a strong FY26 result with statutory NPAT up 38.5%, FFO up 3.9%, comparable NPI up 4.2%, and distributions lifted 3.3% with a 95.5% AFFO payout. Portfolio recycling boosted premium asset weighting to 67%, while record leasing spreads and 99.6% occupancy signal resilient retail demand. Lower-end gearing and well-laddered maturities support balance-sheet stability; FY27 guidance was reaffirmed.
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Vicinity Centres reported FY26 results with statutory net profit after tax up 38.5% from FY25 to $1,391.2 million. Funds from operations (FFO) rose 3.9% to $700.1 million, while comparable net property income increased 4.2%. The group lifted its annual distribution 3.3% to 12.40 cents per security, with a payout ratio of 95.5% of AFFO. Net tangible assets rose 7.7% to $2.59 per security.
