Vicinity Centres
VCX.AXReal EstateASXREIT - Retail
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Daily timeframePart of the real estate sector, Vicinity Centres (VCX.AX) is listed under REIT - Retail. At a $11.81B market cap, Vicinity Centres ranks as a large-cap company within real estate. 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.
Market Cap
$11.81B
Beta
0.80
P/E (TTM)
8.78
P/E (Fwd)
16.12
EPS (TTM)
$0.29
EPS (Fwd)
$0.16
ROE
11.7%
ROA
3.2%
Cash
$55.7M
Total Debt
$4.87B
Free CF
$607.1M
52W Change
2.4%
Annual Financials
Cash vs Debt
The company holds $55.7M in cash, though total debt stands at $4.87B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow comes in at $607.1M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at 11.7%, which is decent for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 3.2% is on the lower side, which is common in asset-heavy industries. Revenue has been uneven over recent years, ranging from $1.18B to $1.32B.
Vicinity Centres carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing VCX.AX.