Scentre stock trades at AUD 3.42 after higher FFO guidance

Published on 10/07/2026 at 05:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scentre stock was valued at AUD 3.42 on October 7, 2026, while first-half FFO reached AUD 612 million, up 4.4 percent. Twelve analysts set a consensus target of AUD 4.03.

Scentre, AU000000SCG8, Illustration mit AI erstellt.

Scentre (ISIN AU000000SCG8) was trading at AUD 3.42 on the ASX at 1:51 p.m. AEDT on October 7, 2026, up 0.74 percent from the prior close of AUD 3.40. The latest half-year figures point to higher operating cash generation and upgraded distribution guidance across the Westfield portfolio.

FFO reaches AUD 612 million

According to The Globe and Mail on August 25, 2026, Scentre reported funds from operations of AUD 612 million for the first half of 2026, an increase of 4.4 percent from the prior corresponding period. Distributions rose 4.9 percent to AUD 481 million, while portfolio occupancy reached 99.8 percent.

The Motley Fool Australia reported that annual customer visits increased 3.3 percent to 552 million in the 12 months to June 30, 2026. Total business partner sales reached AUD 30.3 billion, up 4.2 percent, giving the operating figures a stronger base than the share price alone suggests.

Guidance supports income visibility

The same company update lifted full-year 2026 distribution guidance to 18.47 cents per security, representing growth of 4.25 percent. The distribution increase matters because Scentre combines recurring rental income with redevelopment projects around its Westfield destinations.

The operating picture also includes 1,401 leasing deals and average releasing spreads of 3.7 percent in the six months to June 30, 2026, according to The Motley Fool Australia. The combination of occupancy, sales and leasing data gives investors a measurable link between shopping-center activity and future rental growth.

Analysts see higher value

Investing.com lists a Buy consensus from 12 analysts, with 5 Buy ratings, 7 Holds and 0 Sells. The average 12-month target is AUD 4.03, with a high of AUD 4.50 and a low of AUD 3.49.

Against the AUD 3.42 ASX price on October 7, 2026, the average target lies 17.84 percent above the price. That gap places the market debate on execution: Scentre must convert high occupancy and customer traffic into sustained rental and distribution growth while managing the funding needs of redevelopment.

Scentre stock holds above AUD 3.40

Scentre stock was trading at AUD 3.42 on the ASX at 1:51 p.m. AEDT on October 7, 2026. The 52-week range was AUD 3.27 to AUD 4.27, and the session volume was 3,467,294 shares.