Scentre Group's Total Business Partner Sales Rise in March Quarter

MT Newswires Live04-22

Scentre Group's (ASX:SCG) total business partner sales across its portfolio for the three months ended March 31 were up 5% compared with a year earlier, reaching AU$7 billion, driven by 5.3% growth in specialty sales, according to a Wednesday Australian bourse filing.

The company reported total business partner sales across its portfolio for the three months ended March 31, 2025, of AU$6.7 billion, an earlier filing showed.

The portfolio occupancy stood at 99.8% as of March 31, up 20 basis points from the same period a year earlier.

Customer visitation across the company's 42 Westfield centers reached 160 million from the start of the year through April 19, representing a 3.1% increase compared with the year-earlier period.

The company maintained its target for funds from operations of at least AU$0.2373 per security for 2026, based on its operating performance in the first quarter, representing at least 4% growth for the year.

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