• Guidance reaffirmed, with FY26 FFO and AFFO per security expected to be at the top end of guidance
• Disciplined capital management with $654m in new debt issuances, extending debt maturity profile
• Retailer confidence remains resilient with occupancy at 99.6% and leasing spreads at +5.1%

Vicinity Centres has released its quarterly update for the three months ended 31 March 2026 (3Q FY26), highlighting a strong performance and continued execution of its strategic priorities. The company has reaffirmed its FY26 guidance, with FFO and AFFO per security expected to be around the top end of the guidance ranges. Vicinity has also demonstrated a disciplined approach to capital management, raising $654 million through new debt issuances, which have extended the weighted average drawn debt maturity profile to 4.6 years. Retailer confidence remained resilient, with occupancy at 99.6%, leasing spreads at +5.1%, and holdovers low at 3.1%. Total portfolio retail sales grew by 3.4% in 3Q FY26, supported by strong performance in mini majors and specialty stores. While Vicinity is mindful of rising costs for retailers and heightened macroeconomic uncertainty, the company continues to execute on its investment strategy, including the successful opening of the new luxury precinct at Chatswood Chase and the ongoing Galleria redevelopment project.

FY26 FFO and AFFO per security expected to be around the top end of the guidance ranges of 15.0 to 15.2 cents and 12.8 to 13.0 cents, respectively.