• Statutory NPAT of $1,391.2m, up from $1,004.6m in FY25
• FFO at $700.1m, up 4.1% on an adjusted basis
• Total portfolio retail sales grew 3.3%, driven by resilient shopper demand
• Balance sheet strength with gearing at 26.1%, within target range
• FY27 expected to see FFO and AFFO per security between 16.0 - 16.2 cents

Vicinity Centres reported its FY26 results, showcasing a robust performance with a statutory Net Profit After Tax (NPAT) of $1,391.2 million, up from $1,004.6 million in FY25. Funds from Operations (FFO) stood at $700.1 million, reflecting a 4.1% increase on an adjusted basis. The company's portfolio metrics continued to strengthen, with total portfolio retail sales growing by 3.3%, underpinned by resilient shopper demand. The portfolio's occupancy rate reached 99.6%, with leasing spreads at +4.2% and annual rental escalators at +4.8%. Vicinity Centres also completed significant strategic transactions, including the acquisition of DFO Eastern Creek and the residual 75% interest in Uptown, while divesting non-strategic assets for a total of $447 million. The company expects FY27 to be a significant inflection point, with FFO and AFFO per security guidance ranging between 16.0 to 16.2 cents and 13.9 to 14.1 cents, respectively.

FY27 FFO and AFFO per security expected to be 16.0 - 16.2 cents and 13.9 - 14.1 cents, respectively

Vicinity Centres anticipates a meaningful step up in earnings growth in FY27, driven by the benefits of portfolio repositioning and strategic acquisitions, while remaining cautious of potential geopolitical and market volatility.