Vicinity Centres
Research Vicinity Centres (VCX) on Bullrun: market cap AUD 10.62B, P/E 7.6, dividend yield 2.7%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerVCX
- ExchangeAU
- CountryAustralia
- SectorReal Estate
- IndustryREIT - Retail
- CurrencyAUD
- Market capAUD 10.62B
- P/E7.6
- Dividend yield2.7%
- Financial periodFY2025
- RevenueAUD 1.32B
- Revenue growth0.4%
- Net incomeAUD 1.00B
- Free cash flowAUD 644.60M
- Gross margin71.5%
Valuation Snapshot
latest market cap is AUD 10.62B; P/E is 7.6; dividend yield is 2.7%.
Peer valuation comparison
Latest P/E is 7.57x versus a Real Estate sector median of 14.04x (46.1% below).
Latest dividend yield is 2.7% versus a Real Estate sector median of 4.76% (43.3% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | AUD 1.32B | AUD 1.00B | AUD 644.60M | 71.5% | 0.22 | AUD 80.70M | AUD 4.85B | AUD 11.13B |
| FY2024 | AUD 1.32B | AUD 547.10M | AUD 689.50M | 71.3% | 0.12 | AUD 49.60M | AUD 4.62B | AUD 10.64B |
| FY2023 | AUD 1.27B | AUD 271.50M | AUD 701.30M | 72.6% | 0.06 | AUD 192.90M | AUD 4.46B | AUD 10.64B |
| FY2022 | AUD 1.18B | AUD 1.22B | AUD 587.90M | 72.4% | 0.27 | AUD 55.60M | AUD 4.14B | AUD 10.89B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-09-27 | AUD 10.62B | 7.6 | 5.5% | 0.12 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.12 AUD, yield 2.7%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.12 AUD |
| FY2024 | 0.12 AUD |
| FY2023 | 0.12 AUD |
| FY2022 | 0.1 AUD |
| FY2021 | 0.07 AUD |
About Vicinity Centres
Vicinity Centres (Vicinity or the Group) is one of Australia's leading retail property groups. With a fully integrated asset management platform, and 25 billion dollars in retail assets under management across 49 shopping centres, making it the second largest listed manager of Australian retail property. The Group has a Direct Portfolio with interests in 48 shopping centres (including the DFO Brisbane business) and manages 25 assets on behalf of Strategic Partners.
ETFs that hold Vicinity Centres
Vicinity Centres is one of the ten largest holdings of 2 ETFs that investors in Europe can buy, most traded first:
| ETF | Weight | TER |
|---|---|---|
| iShares Asia Property Yield UCITS ETF USD (Dist) | 2.25% | 0.59% |
| iShares Asia Property Yield UCITS ETF USD (Acc) | 2.09% | 0.59% |
Related stock research
Other Real Estate stocks
Frequently asked questions
What is Vicinity Centres's market cap?
Vicinity Centres's market capitalization is AUD 10.62B.
What is Vicinity Centres's P/E ratio?
Vicinity Centres's price-to-earnings (P/E) ratio is 7.6.
Does Vicinity Centres pay a dividend?
Vicinity Centres has a dividend yield of 2.7%.
What does Vicinity Centres do?
Vicinity Centres (Vicinity or the Group) is one of Australia's leading retail property groups. With a fully integrated asset management platform, and 25 billion dollars in retail assets under management across 49 shopping centres, making it the second largest listed manager of Australian retail property. The Group has a Direct Portfolio with interests in 48 shopping centres (including the DFO Brisbane business) and manages 25 assets on behalf of Strategic Partners. Vicinity Centres was incorporated in 2005 in Australia.