• Acquisition of Uptown for $212m and DFO Eastern Creek for $351m
• Comparable NPI growth of 4.2%
• Portfolio occupancy at 99.6% with a leasing spread of 4.2%

Vicinity Centres' FY26 Annual Results showcase the company's strategic execution, disciplined capital allocation, and resilient sector fundamentals. Key highlights include the acquisition of the remaining 75% interest in Uptown for $212 million and DFO Eastern Creek for $351 million. The company reported a comparable NPI growth of 4.2%, driven by strong portfolio metrics and retailer confidence. Portfolio occupancy stood at 99.6% with a leasing spread of 4.2%, reflecting disciplined leasing execution. Net property income increased by 2.2% to $938.1 million, and funds from operations (FFO) rose by 3.9% to $700.1 million. The company also extended its weighted average drawn debt maturity to 5.1 years and divested $327 million of non-strategic assets. Vicinity Centres' valuation increased by $293 million, or 1.8%, to $16.1 billion, driven by income growth and investor demand for quality retail assets.

FFO per security up 2.8% with a total return of 12.8% for FY26

Vicinity Centres is well-positioned for future growth with a focus on enhancing its premium asset portfolio and strategic tenant remixing.