Vicinity Centres Offers Little to Stock Bears -- Market Talk

Dow Jones08-20

0020 GMT - Vicinity Centres' annual result was stronger than expected by Jarden, which believes the stock can outperform given it's trading at a 5% discount to net tangible assets and offers a 5.6% dividend yield. Vicinity expects FY 2025 funds from operations of between 14.5-14.8 Australian cents/security. That represents growth of 0.3% at the midpoint and includes the impact of A$250 million of asset sales targeted for the current year. Jarden had forecast 14.6 Australian cents. "The bears will likely argue that retail momentum will slow down from here," says analyst Lou Pirenc. "But given the resilience in leasing momentum and long-term leasing contracts, we believe earnings momentum will remain solid, especially with pre-commitments of the major developments suggesting limited leasing risk and strong returns." (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

August 19, 2024 20:20 ET (00:20 GMT)

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Jarden had forecast 14.6 Australian cents. \"The bears will likely argue that retail momentum will slow down from here,\" says analyst Lou Pirenc. \"But given the resilience in leasing momentum and long-term leasing contracts, we believe earnings momentum will remain solid, especially with pre-commitments of the major developments suggesting limited leasing risk and strong returns.\" (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 19, 2024 20:20 ET (00:20 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vicinity Centres Offers Little to Stock Bears -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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Jarden had forecast 14.6 Australian cents. \"The bears will likely argue that retail momentum will slow down from here,\" says analyst Lou Pirenc. \"But given the resilience in leasing momentum and long-term leasing contracts, we believe earnings momentum will remain solid, especially with pre-commitments of the major developments suggesting limited leasing risk and strong returns.\" ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7510":"REITs概念","BK7005":"零售业房地产投资信托","BK7162":"零售房地产信托","VCX.AU":"VICINITY CENTRES"},"translate_title":"Vicinity Centres为股票空头提供的服务很少——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VCX.AU":0.9},"content_text":"0020 GMT - Vicinity Centres' annual result was stronger than expected by Jarden, which believes the stock can outperform given it's trading at a 5% discount to net tangible assets and offers a 5.6% dividend yield. 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