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Australian REIT owning convenience and neighbourhood shopping centres anchored by supermarkets (formerly SCA Property Group).
Australian REIT owning convenience and neighbourhood shopping centres anchored by supermarkets (formerly SCA Property Group).
Collects rent under long leases to supermarket chains and specialty shops that rent space beside them. Supermarket sales are less affected by economic swings, so rent collection is steadier than in other retail. Formerly SCA Property Group, the company now trades as Region Group.
In one line: A grocery-anchored strip-mall REIT like Kimco Realty.
Moat: narrow (installed base). Defensive, supermarket-anchored centres provide stable occupancy but limited pricing power.
Headquarters: Sydney, Australia · Founded: 2012
Size Region (RGN.AX) is an Australia Real Estate company (Real Estate Investment Trusts) with a market value of $1.89B, the 123rd largest of 316 Australia companies the cockpit tracks. Shares closed at A$2.37 on 6 Nov 2026.
Performance Over six months the shares gained 5.8%, against -10.2% for the median peer and +4.1% for the Australia market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 30.0% over the last twelve months (peer median +4.0%); the operating margin is 45.2% (peer median 47.1%).
Valuation It trades at 14.4× forward earnings against a peer median of 18.6× (8th cheapest of 21).
Next results Next results expected around 8 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$489M | A$489M | A$376M | A$376M | A$352M |
| Revenue growth | — | +30% | 0% | +7% | — |
| Gross profit | A$352M | A$352M | A$239M | A$244M | A$228M |
| EBITDA | A$221M | A$221M | A$208M | A$203M | A$182M |
| Net income | A$269M | A$269M | A$212M | A$17.3M | -A$124M |
| Free cash flow | A$36.0M | A$36.0M | -A$16.3M | A$26.2M | A$177M |
| Capital expenditure | A$146M | A$146M | A$171M | A$157M | A$0 |
| Total debt | n/a | A$1.64B | A$1.57B | A$1.58B | A$1.53B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Region RGN.AX | $1.89B | +6% | +30% | 45% | 14.4× | n/a |
| Charter Hall Retail REIT CQR.AX | $1.59B | +6% | +31% | 73% | 14.3× | n/a |
| BWP Trust BWP.AX | $2.01B | -2% | +2% | 87% | 19.2× | n/a |
| HomeCo Daily Needs REIT HDN.AX | $1.71B | -2% | +4% | 75% | 13.3× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | RGN.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.7% | +1.9% | 8th highest of 21 |
| 6-month return | +5.8% | -10.2% | 4th highest of 21 |
| Distance from 52-week high | -4.8% | -18.4% | 3rd highest of 21 |
| Revenue growth (TTM) | +30.0% | +4.0% | 4th highest of 21 |
| Operating margin | 45.2% | 47.1% | 9th lowest of 20 |
| Forward P/E | 14.4× | 18.6× | 8th cheapest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Region RGN.AX | Australia | $1.89B | +6% | +30% | 45% | 14.4× | n/a | n/a |
| Great Portland Estates GPE.L | United Kingdom | $1.90B | +17% | +24% | 21% | 34.7× | n/a | n/a |
| ARMOUR Residential REIT ARR | United States | $1.87B | -29% | -140% | n/a | 4.5× | n/a | n/a |
| Activia Properties 3279.T | Japan | $1.90B | -10% | +24% | 47% | 18.1× | n/a | n/a |
| Getty Realty GTY | United States | $1.92B | -14% | +11% | 59% | 20.1× | n/a | n/a |
| Blackstone Mortgage Trust BXMT | United States | $1.85B | -42% | -2% | 36% | 9.2× | n/a | n/a |
| RLJ Lodging Trust RLJ | United States | $1.92B | +40% | +1% | 10% | 700.2× | n/a | n/a |
| H&R Real Estate Investment Trust HR-UN.TO | Canada | $1.80B | -10% | -6% | 60% | 17.0× | n/a | n/a |
| Xenia Hotels & Resorts XHR | United States | $1.97B | +26% | +4% | 8% | 36.9× | n/a | n/a |
| Champion Real Estate Investment Trust 2778.HK | Hong Kong | $1.80B | -8% | -8% | 61% | 19.7× | n/a | n/a |
| Charter Hall Long WALE REIT CLW.AX | Australia | $1.78B | +4% | +40% | 56% | 14.0× | n/a | n/a |
| Mitsui Fudosan Logistics Park 3471.T | Japan | $2.00B | -13% | +156% | 28% | 23.1× | n/a | n/a |
| Sekisui House Reit 3309.T | Japan | $1.78B | -23% | +5% | 20% | 13.9× | n/a | n/a |
| BWP Trust BWP.AX | Australia | $2.01B | -2% | +2% | 87% | 19.2× | n/a | n/a |
| Mitsui Fudosan Accommodations Fund 3226.T | Japan | $1.75B | -16% | +18% | 47% | 21.6× | n/a | n/a |
| Daiwa Office Investment 8976.T | Japan | $1.74B | -12% | +24% | 44% | 19.2× | n/a | n/a |
| Aroundtown AT1.DE | Germany | $2.04B | -32% | +1% | 60% | 5.9× | n/a | n/a |
| Parkway Life Real Estate Investment Trust C2PU.SI | Singapore | $2.05B | 0% | +3% | 82% | 22.2× | n/a | n/a |
| Eurocommercial Properties ECMPA.AS | Netherlands | $1.72B | -7% | +1% | 75% | 10.3× | n/a | n/a |
| Industrial & Infrastructure Fund Investment 3249.T | Japan | $2.07B | -12% | +36% | 37% | 16.8× | n/a | n/a |
| HomeCo Daily Needs REIT HDN.AX | Australia | $1.71B | -2% | +4% | 75% | 13.3× | n/a | n/a |