The Scentre Group (ASX: SCG) share price is in focus after the company posted a 4.9% rise in Funds From Operations (FFO) to $1,188 million for 2025, and recorded its fifth consecutive year of earnings and distributions growth.
What did Scentre Group report?
- Funds From Operations (FFO) rose 4.9% to $1,188 million (22.82 cents per security)
- Distributions increased 3.4% to $923 million (17.72 cents per security)
- Statutory profit came in at $1,779 million
- Customer visitation climbed 2.7% to 540 million visits
- Portfolio occupancy reached a record 99.8%, the highest since 2013
- Net Operating Income (NOI) was up 4.8% on a like-for-like basis
What else do investors need to know?
Scentre Group’s Westfield destinations saw business partner sales hit a record $30 billion in 2025, up 3.6% from the prior year. The company also achieved an 11% increase in Westfield membership to 5 million, highlighting steady customer engagement.
The year included expansions and redevelopments at Westfield Sydney, Southland, Burwood, and Bondi, attracting global brands and new precincts. Strategic joint ventures brought in $2.2 billion of new capital, including the partial sales of interests in Westfield Chermside and Westfield Sydney.
What did Scentre Group management say?
Scentre Group CEO Elliott Rusanow said:
Our strategy is to grow the economic activity that occurs at each of our 42 Westfield destinations located throughout Australia and New Zealand. This strategy continues to deliver strong operating performance and continued growth in earnings.
Our 2025 results represent our fifth consecutive year of earnings and distributions growth and we expect these to continue to grow in the years ahead.
What’s next for Scentre Group?
Management is targeting at least 4.0% growth in FFO per security for 2026, aiming for 23.73 cents, with distributions tipped to rise another 4% to 18.43 cents per security. Scentre Group plans to keep investing in redevelopments, such as the $240 million project at Westfield Bondi, and intends to increase its investment in Carindale Property Trust, subject to market conditions.
The company is also focused on unlocking value from its 670+ hectares of prime land, with planning proposals lodged to deliver over 16,000 dwellings, while progressing its goal to reach net zero scope 1 and 2 emissions by 2030.
Scentre Group share price snapshot
Over the past 12 months, Scentre Group shares have risen 4%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 9% over the same period.
The post Scentre Group lifts profits and distributions with busy Westfield redevelopments appeared first on The Motley Fool Australia.
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