Vicinity Centres Website

Vicinity Centres

ASX-VCX

Company Overview

Vicinity Centres (Vicinity or the Group) is one of Australia's leading retail property groups. With a fully integrated asset management platform, and $24 billion in retail assets under management across 63 shopping centres, it is the second largest listed manager of Australian retail property. Vicinity has a Direct Portfolio with interests in 60 shopping centres (including the DFO Brisbane business) and manages 31 assets on behalf of Strategic Partners, 28 of which are co-owned by the Group. Vicinity is listed on the Australian Securities Exchange (ASX) under the code VCX and has over 28,000 securityholders. Vicinity also has European medium term notes listed on the ASX under the code VCD.

  • Name

    Vicinity Centres

  • CEO

    Peter Charles Huddle

  • Website

    www.vicinity.com.au

  • Sector

    Retail REITs

  • Year Founded

    2005

Company Statistics

Profile

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Financial Health

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Dividends

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Bulls Say

  • Vicinity has a stronger balance sheet compared with most of its peers. It gives them more capacity to undertake development.

  • Vicinity has several mixed-use development opportunities on existing assets. Adding high-density residential apartments to the shopping centers should in turn benefit retail sales.

  • Strong population growth in Australia should drive foot traffic in some of Vicinity’s destination centers and support tenant demand.

Bears Say

  • Consumer spending on apparel and dining out are easing to prepandemic trend levels. This could impact Vicinity's rent growth prospects.

  • Categories like dining and entertainment, which Vicinity has been increasing exposure to, typically require higher maintenance capital expenditure due to more intense utility.

  • Vicinity has significant exposure to higher-end brands and discretionary retailers, which are sensitive to consumer spending cyclicality.

Source: Morningstar Analysis - Aug 21, 2025
ASX:VCX