The Scentre Group (ASX: SCG) share price will be on watch on Tuesday after the company announced Australian Retirement Trust will become a joint venture partner at Westfield Mt Gravatt, selling a 50% interest for $882.5 million. The deal, at a premium to book value, strengthens Scentre Group’s capital position and strategic partnerships.

What did Scentre Group report?

• Sale of a 50% interest in Westfield Mt Gravatt, Brisbane, for $870.0 million at a 5.50% capitalisation rate
• Additional sale of a 50% stake in adjacent sundry land for $12.5 million
• Total gross proceeds of $882.5 million, representing a 3.5% premium to book values as at December 2025
• Scentre Group will retain 50% ownership and continue as property, leasing and development manager
• Over $3.1 billion of third party capital announced in the past 13 months via joint ventures

What else do investors need to know?

The transaction is subject to clearance by the Australian Competition & Consumer Commission, and will bring in new capital partners, furthering Scentre Group’s strategy of joint venturing assets. Westfield Mt Gravatt remains a significant asset, being one of the most-visited centres in southeast Queensland and generating over $1.0 billion in annual business partner sales.

Scentre Group has emphasised its ambition of creating long-term value for securityholders by introducing new capital and leveraging strategic partnerships. The Group continues to manage 42 Westfield destinations across Australia and New Zealand, positioning itself as a leader in retail property management and development.

What did Scentre Group management say?

Scentre Group CEO Elliott Rusanow said:

We are very pleased to extend our strategic partnership with Australian Retirement Trust. Westfield Mt Gravatt is one of the most popular centres in south-east Queensland, visited by more than 17 million customers last year and generating total business partner sales in excess of $1.0 billion. Introducing new capital, through joint venturing our assets, forms a key part of our long-term strategic plan.

In the last 13 months, we have announced approximately $3.1 billion of new third party capital coming into the Group through the joint venturing of our assets. Today’s announcement continues to demonstrate our ability to source capital to pursue the Group’s strategic objectives of creating long term value for securityholders.

What’s next for Scentre Group?

The joint venture with Australian Retirement Trust awaits ACCC approval, after which Scentre Group expects to utilise the capital inflow to further its strategic objectives. The Group plans to continue sourcing third-party capital and building partnerships, with a focus on maximising asset value and enhancing returns for securityholders.

Scentre Group will remain the property, leasing, and development manager at Westfield Mt Gravatt, emphasising its commitment to operational excellence and sustained growth across its network of Westfield centres.

Scentre Group share price snapshot

The Scentre Group share price has been out of form over the past 12 months, declining by around 8%.

View Original Announcement

The post Scentre Group sells 50% stake in Westfield Mt Gravatt to ART appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro 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.

It was a bouncy and optimistic start to the trading week for the S&P/ASX 200 Index (ASX: XJO) and many ASX shares this Monday.

After a sour trading week last week, investors seem to have come back from the weekend with a little extra pep in the proverbial step, with the ASX 200 opening higher and staying in positive territory all day today. By the time the markets closed, the index had gained 0.49% to 9,103.1 points.

This happy start to the week’s trading for the ASX followed a similarly buzzy end to the American trading week on Friday night (our time).

The Dow Jones Industrial Average Index (DJX: .DJI) was in very fine form indeed, rising 0.98%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) wasn’t quite as bubbly, but still gained 0.43%.

But let’s return to this week and our local markets now for a closer look at what was happening amongst the various ASX sectors this session.

Winners and losers

Despite the market’s rise this Monday, there were still a few sectors that missed out on a gain.

Leading those losers were consumer staples shares. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) was left out in the cold today, shrinking 0.95%.

Financial stocks also had a rough one, with the S&P/ASX 200 Financials Index (ASX: XFJ) sinking 0.72%.

Utilities shares were shunned too. The S&P/ASX 200 Utilities Index (ASX: XUJ) slid 0.48% lower this session.

Our last losers were communications stocks, as you can see from the S&P/ASX 200 Communication Services Index (ASX: XTJ)’s 0.44% slip.

Turning to the green sectors now, it was mining shares that fronted the winners. The S&P/ASX 200 Materials Index (ASX: XMJ) roared 2.43% higher this Monday.

Gold stocks ran hot as well, with the All Ordinaries Gold Index (ASX: XGD) soaring up 1.71%.

Tech shares also had a day to remember. The S&P/ASX 200 Information Technology Index (ASX: XIJ) enjoyed a 0.96% surge.

Healthcare stocks were in demand as well, evidenced by the S&P/ASX 200 Healthcare Index (ASX: XHJ)’s 0.62% lift.

Energy shares were next. The S&P/ASX 200 Energy Index (ASX: XEJ) jumped 0.47% today.

Then came real estate investment trusts (REITs), with the S&P/ASX 200 A-REIT Index (ASX: XPJ) adding 0.12% to its total.

Industrial stocks managed a win. The S&P/ASX 200 Industrials Index (ASX: XNJ) put on another 0.1% this session.

Finally, consumer discretionary shares got over the line, illustrated by the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ)’s 0.09% bump.

Top 10 ASX 200 shares countdown

Beating out some stiff competition to take out top spot on the index this Monday was tech stock Data#3 Ltd (ASX: DTL). Data#3 shares rocketed 17.85% higher today to finish at $11.09 each.

This huge gain followed the company releasing its latest earnings, which clearly had a lot going for them.

Here’s the rest of today’s best:

ASX-listed company	Share price	Price change
Data#3 Ltd (ASX: DTL)	$11.09	17.85%
Deep Yellow Ltd (ASX: DYL)	$1.69	11.55%
Paladin Energy Ltd (ASX: PDN)	$11.70	10.59%
IperionX Ltd (ASX: IPX)	$3.18	10.03%
Ansell Ltd (ASX: ANN)	$38.24	9.57%
EVT Ltd (ASX: EVT)	$15.33	8.88%
PLS Group Ltd (ASX: PLS)	$5.47	7.89%
Silex Systems Ltd (ASX: SLX)	$5.50	7.63%
NexGen Energy (Canada) Ltd (ASX: NXG)	$15.36	6.15%
Nickel Industries Ltd (ASX: NIC)	$0.89	5.95%

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen 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 recommended Ansell and Data#3. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

For me, one of the most exciting aspects of the ASX’s earnings seasons, held twice a year, is the dividend season. Whenever an ASX dividend-paying share reports its latest numbers, it also tends to reveal what its next dividend (if there is one) will look like.

Given we are, right now, in the middle of 2026’s second ASX earnings season, it’s an exciting time to be watching the stock market. Today, let’s go through two ASX dividend shares that have just announced that their investors are set to enjoy a dividend pay rise in 2026.

2 ASX income shares that just hiked their dividends

Aussie Broadband Ltd (ASX: ABB)

First up, we have ASX telco Aussie Broadband. Telcos are well-known for their dividend potential, and Aussie Broadband seems to be trying to live up to that reputation.

Today, the company revealed a final dividend worth 3.6 cents per share. That’s a significant 50% increase over the final dividend of 2.4 cents per share that investors enjoyed last year. As well as an increase over 2026’s interim dividend, also worth 2.4 cents per share.

As with all of Aussie Broadband’s past payouts, this latest one will come with full franking credits attached.

Investors have not reacted well to this ASX share’s earnings today. At the time of writing, Aussie Broadband stock is down by 6.35% to $4.73. At this price, this S&P/ASX 200 Index (ASX: XJO) share is trading on a trailing dividend yield of 1.01%.

Argo Global Listed Infrastructure Ltd (ASX: ALI)

Next up, we have the listed investment company (LIC) Argo Global Listed Infrastructure. Argo Global Infrastructure is run by the same team behind Argo Investments Ltd (ASX: ARG), a veteran fund manager on the ASX.

It seems the infrastructure LIC shares its parents’ predilection for slow-but-steady dividend hikes. Its latest earnings were also released this morning. In these earnings, Argo Infrastructure announced that its final dividend for 2026 would be worth 5.5 cents per share. That’s fully franked. That matches 2025’s final dividend.

However, this ASX share’s interim dividend earlier this year was worth a fully franked 4.5 cents per share. This takes Argo’s full-year dividends to a record 10 cents per share. It also marks the fourth year in a row of annual dividend pay rises from the LIC.

Like Aussie Broadband, Argo Global Infrastructure shares have not reacted well to the latest earnings, and are currently down 1.5% at $2.61 each. At that price, this ASX share is trading on a trailing dividend yield of 3.83%.

The post These 2 ASX shares have given investors a 2026 dividend pay rise appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Aussie Broadband. The Motley Fool Australia has recommended Aussie Broadband. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.