• Acquisition of premium assets like Lakeside Joondalup and Chatswood Chase
• Successful completion and launch of Chadstone's new fresh food precinct and office tower
• Ongoing redevelopment of Chatswood Chase and Galleria in Perth

Vicinity Centres reported a strong FY25, delivering over $1bn in Statutory Net Profit. Key highlights include the acquisition of a 50% interest in Lakeside Joondalup in Western Australia and the full suite of property management rights, as well as acquiring the residual 49% interest in Chatswood Chase. The company also successfully completed and launched Chadstone's revitalised fresh food precinct, The Market Pavilion, and the new One Middle Road office tower. The second major retail development, the complete reimagination of Chatswood Chase in Sydney, saw the first stage of the reopening launched a fortnight ago. Vicinity also commenced the redevelopment of Galleria in Western Australia, which is expected to be relaunched by Christmas 2026. Funds From Operations (FFO) was $674 million, at the top end of the guidance range, and the Board declared a full-year distribution of 12.0 cents per security. Vicinity's balance sheet remains a source of competitive advantage, with gearing at the lower end of the target range. FY26 has had an encouraging start, driven by the company's ongoing focus on achieving key strategic milestones and delivering enhanced portfolio metrics.

Vicinity Centres reported Funds From Operations (FFO) of $674 million for the 2025 financial year, at the top end of the guidance range. The company declared a full-year distribution of 12.0 cents per security.

Vicinity Centres has had an encouraging start to FY26, driven by the company's ongoing focus on achieving key strategic milestones and delivering enhanced portfolio metrics. The successful completion and launch of major developments, such as the reimagined Chatswood Chase and the redevelopment of Galleria in Perth, are expected to contribute to the company's future growth and performance.