Scentre stock reports higher half-year funds from operations

Published on 10/05/2026 at 14:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scentre stock closed at AUD 3.41 on October 1 after first-half funds from operations rose 4.4 percent to AUD 612.4 million. Analysts set an average target of AUD 3.99.

Scentre, AU000000SCG8, Illustration mit AI erstellt.

Scentre (ISIN AU000000SCG8) closed at AUD 3.41 on the ASX on October 1, 2026, down 0.87 percent for the session. The company had reported stronger first-half operating figures on August 25, with funds from operations rising 4.4 percent to AUD 612.4 million, according to Kapitales Research.

Half-year earnings raise guidance

Scentre increased distributions by 4.9 percent to AUD 481.3 million in the six months ended June 30, 2026. The result supported an upgrade to full-year 2026 earnings and distribution guidance, while operating profit reached AUD 611.7 million, up 4.5 percent from the prior corresponding period, Kapitales Research reported.

The operating backdrop also included 347 million year-to-date visitors and business partner sales of AUD 30.3 billion for the 12 months to June. Annual visitation reached 552 million, while portfolio occupancy stood at 99.8 percent, giving the guidance increase a measurable operating base.

Consensus target stays above the stock

According to Markets Insider on September 17, 2026, Citi maintained a Buy rating and a price target of AUD 4.10. The same report put the consensus rating at Moderate Buy with an average target of AUD 3.99, which lies 17.0 percent above the October 1 closing price.

The earnings comparison is more mixed at the reported revenue level. For the quarter ending June 30, 2026, Scentre reported revenue of AUD 1.2 billion and net profit of AUD 974.5 million, versus revenue of AUD 1.31 billion and net profit of AUD 782.2 million a year earlier, according to Markets Insider.

ASX stock remains below analyst target

Scentre stock closed at AUD 3.41 on the ASX on October 1, 2026, with the session change at minus 0.87 percent. The market is therefore valuing the stapled security below the published AUD 3.99 consensus target while investors weigh higher funds from operations against the lower quarterly revenue comparison.