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Owner and operator of Westfield-branded shopping centres across Australia and New Zealand.
Owner and operator of Westfield-branded shopping centres across Australia and New Zealand.
Earns rent from retailers in its centres, mostly fixed rent with scheduled rises plus some based on tenants' sales, and sits on valuable sites it can redevelop. It was formed in 2014 when Westfield Group split its Australian and New Zealand malls from its overseas business, which later went to Unibail-Rodamco.
In one line: Australia's Simon Property Group.
Moat: narrow (scale, installed base, brand). Dominant portfolio of premium, hard-to-replicate mall locations under the well-known Westfield brand.
Headquarters: Sydney, Australia · Founded: 2014 · Employees: 2,799
Size Scentre (SCG.AX) is an Australia Real Estate company (Real Estate Investment Trusts) with a market value of $13.1B, the 30th largest of 316 Australia companies the cockpit tracks. Shares closed at A$3.61 on 6 Nov 2026.
Performance Over six months the shares fell 1.1%, against -3.0% for the median peer and +4.1% for the Australia market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue fell 3.7% over the last twelve months (peer median +5.0%); the operating margin is 66.9% (peer median 33.0%).
Valuation It trades at 0.97× book value against a peer median of 2.17× (2nd cheapest of 21).
Price implies The share price implies a return on equity of about 11.6%; Scentre delivers 10.4%, so the price asks more than the business earns today.
Credit Scentre has 4 bonds outstanding ($1.88B), rated A by the agencies and trading like BBB- at a weighted spread of 109 bp.
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | A$2.58B | A$2.69B | A$2.64B | A$2.51B | A$2.46B |
| Revenue growth | — | +2% | +5% | +2% | — |
| Gross profit | A$1.82B | A$1.91B | A$1.84B | A$1.76B | A$1.64B |
| Net income | A$1.97B | A$1.78B | A$1.05B | A$175M | A$301M |
| Free cash flow | A$1.10B | A$1.01B | A$1.02B | A$1.01B | A$1.09B |
| Capital expenditure | A$18.1M | A$17.8M | A$17.0M | A$29.5M | A$37.4M |
| Total debt | n/a | A$15.0B | A$16.8B | A$15.7B | A$15.9B |
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 | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Scentre SCG.AX | $13.1B | -1% | -4% | 10% | 0.97× | 11.6% |
| Vicinity Centres VCX.AX | $8.01B | 0% | +3% | 12% | 0.94× | 9.7% |
| Simon Property SPG | $73.9B | +14% | +15% | 135% | 16.82× | 143.3% |
| Stockland SGP.AX | $7.74B | +15% | +15% | 10% | 1.04× | 11.7% |
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 | SCG.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.9% | +5.9% | 11th highest of 21 |
| 6-month return | -1.1% | -3.0% | 9th highest of 21 |
| Return on equity | 10.4% | 7.5% | 6th highest of 21 |
| Price / book | 0.97× | 2.17× | 2nd cheapest of 21 |
| Trailing P/E | 9.6× | 28.5× | cheapest of 18 |
| ROE the price implies | 11.6% | 15.1% | 3rd least demanding of 21 |
| ROE delivered | 10.4% | 7.5% | 6th highest of 21 |
| Bond spread | 109 bp | 90 bp | 4th widest of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Scentre SCG.AX | Australia | $13.1B | -1% | -4% | 10% | 0.97× | 11.6% | 10.4% |
| American Healthcare REIT AHR | United States | $12.7B | +12% | +16% | 4% | 3.05× | 20.7% | 4.0% |
| Camden Property Trust CPT | United States | $13.4B | -3% | +1% | 8% | 2.68× | 18.2% | 7.8% |
| Regency Centers REG | United States | $13.7B | -3% | +8% | 8% | 2.06× | 15.2% | 8.2% |
| Mid-America Apartment Communities MAA | United States | $13.8B | -8% | +1% | 7% | 2.45× | 16.1% | 7.0% |
| Link REIT 0823.HK | Hong Kong | $13.8B | +3% | -3% | -5% | 0.71× | 5.9% | -4.7% |
| Equity LifeStyle Properties ELS | United States | $12.3B | 0% | +3% | 22% | 6.99× | 37.4% | 22.3% |
| Healthpeak Properties DOC | United States | $14.3B | +4% | +9% | 5% | 1.78× | 15.1% | 4.9% |
| Sun Communities SUI | United States | $14.4B | -4% | -19% | 5% | 2.76× | 18.4% | 5.3% |
| American Homes 4 Rent AMH | United States | $11.8B | +2% | +4% | 7% | 1.73× | 12.9% | 6.8% |
| Omega Healthcare Investors OHI | United States | $14.6B | +2% | +14% | 14% | 2.66× | 15.3% | 14.2% |
| CapitaLand Integrated Commercial Trust C38U.SI | Singapore | $14.6B | +2% | +5% | 8% | 1.09× | 6.1% | 7.6% |
| UDR UDR | United States | $11.6B | -1% | +1% | 22% | 3.76× | 22.9% | 21.8% |
| Annaly Capital Management NLY | United States | $14.8B | -17% | +23% | 7% | 1.05× | 11.8% | 7.3% |
| W. P. Carey WPC | United States | $15.0B | -12% | +9% | 8% | 1.71× | 12.9% | 7.7% |
| Gaming and Leisure Properties GLPI | United States | $11.3B | -19% | +7% | 20% | 2.28× | 14.8% | 19.6% |
| Weyerhaeuser WY | United States | $15.1B | -10% | -1% | 5% | 1.61× | 13.6% | 4.8% |
| AGNC Investment AGNC | United States | $11.2B | -19% | +152% | 1% | 1.15× | 13.1% | 0.9% |
| Invitation Homes INVH | United States | $15.6B | -5% | +5% | 7% | 1.79× | 13.6% | 7.4% |
| Lamar Advertising LAMR | United States | $15.8B | -1% | +4% | 59% | 16.13× | 134.1% | 58.9% |
| EastGroup Properties EGP | United States | $10.4B | -6% | +10% | 9% | 2.92× | 22.3% | 8.9% |
Scentre has 4 bonds outstanding with $1.88B face value. The agencies rate it A; its bonds trade like BBB-. Weighted yield 4.09%, a spread of 109 bp over government bonds.