Creating extraordinary places


Assets under management
Funds from Operation (FFO)
FFO per security
Distribution per security
Comparable NOI Growth
GROWTH IN Distribution per security
Total sales
Average Specialty Store Sales (psm)


Scentre Group is the pre-eminent Australia & New Zealand focused shopping centre A-REIT. It owns and operates interests in 40 Westfield shopping centres, including 16 of the top 25 performing centres in Australia1 and has assets under management of $43.3bn.

Key highlights for the 6 months to 30 June 2016 include:

For the half year FFO was $617m or 11.61 cents per security, representing growth of 2.0%.
The forecast FFO growth for the 12 months ending 31 December 2016 of approximately 5% and forecast distribution of 21.3 cents per security is reconfirmed.
Excluding the impact of transactions, underlying FFO is forecast to increase in excess of 5%.

Specialty Sales
The average specialty sales per square metre (psm) for the portfolio, reached a new benchmark of $11,000 psm.

Comparable NOI Growth
For the 6 months to 30 June 2016, comparable NOI increased by 2.6%. The forecast range of 2.5 – 3.0% growth for the full year is maintained.

Commenced $605m of developments (SCG share $480m);
Completed $855m of projects (SCG share $170m), including Casey Central, Westfield Marion Fresh Food, and the third party design and construction project at Pacific Fair.

Capital Management
Issued €500m ($745m) of 2023 bonds.
Redeemed $900m of bonds in July 2016.
Agreed to redeem $600m of Property Linked Notes. The remaining Notes of approximately $560m will remain outstanding and have future review dates of 31 December 2021, 2022 and 2023.

1. Source: Shopping Centre News Big Guns 2015. Based on total sales for the 12 months to 31 December 2015.

Our Operations

34 Centres

New Zealand
6 Centres

Portfolio Summary

As at 30 June 20161 Total
Centres 40
Number of Retail Outlets 11,657
Gross Lettable Area (m sqm) 3.6
SCG Interest (bn) $30.80
JV Partner Interests (bn) $12.50
Assets Under Management (bn) $43.30
Weighted Average Capitalisation Rate 5.54%

1. Includes construction in progress and assets held for development

portfolio by gla1

portfolio by asset value (SCG share)1