The Scentre Group Ltd (ASX: SCG) share price is in focus after the company reported customer visits at Westfield destinations grew 3.1% to 160 million in early 2026, with portfolio sales up by 5%.
What did Scentre Group report?
- Customer visitation reached 160 million, up 3.1% or 4.9 million on the prior period.
- Total business partner sales for the March quarter rose 5.0% to $7.0 billion.
- Specialty sales increased 5.3% during the quarter.
- Portfolio occupancy improved to 99.8%, up 20 basis points from March 2025.
- 636 leasing deals completed, with specialty releasing spreads averaging +3.3%.
- Successfully settled a 19.9% divestment of Westfield Sydney for $864 million.
What else do investors need to know?
Scentre Group’s leasing activity remains strong, with average specialty rent escalations of 5.3% in the March quarter. Recent leasing deals reflect confidence from business partners, while the group’s redevelopment of Westfield Bondi continues, aiming to lift the centre to a world-class level.
On capital management, the group redeemed US$750 million in senior bonds and issued a $750 million 6-year senior note at a 1.20% margin, signalling a proactive approach to debt and liquidity. Scentre also exited its $50 million investment in a Dexus-managed fund tied to Westfield Chermside.
What’s next for Scentre Group?
Scentre Group is sticking with its target for full-year funds from operations (FFO) of at least 23.73 cents per security in 2026, a 4% rise. Distributions are forecast to increase by 4% to 18.43 cents per security.
Management cautioned about the effect of geopolitical volatility and broader economic factors but confirmed the company continues to monitor these potential impacts closely and remains focused on delivering value for investors and communities.
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 15% over the same period.
The post Scentre Group earnings: sales rise and more visitors for Westfield in 2026 appeared first on The Motley Fool Australia.
Should you invest $1,000 in Scentre Group right now?
Before you buy Scentre Group shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Scentre Group wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
* Returns as of 20 Feb 2026
.custom-cta-button p {
margin-bottom: 0 !important;
}
More reading
- Iluka Resources quarterly earnings: revenue, production, and project updates
- Perpetual provides Q3 FY26 update: reveals AUM decline, Corporate Trust growth
- Ampol Q1 2026 trading update: Refiner margins soar, production lifts
- NEXTDC completes $1bn institutional entitlement offer to fund growth
- Treasury Wine Estates improves depletions and unveils regional model
Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.