ersonalCOVID-unimpacted6 portfolio achieved 8.1% sales growth for six months to Dec-21 compared to six months to Dec-19
Portfolio occupancy remains robust at 98.2%
Disciplined leasing activity delivered improved spreads of -6.4%
COVID-19 headwinds remain
FY22 guidance reinstated - targeting FY22 FFO per security of 11.8-12.6 cents and AFFO per security of 9.5-10.3 cents7
Roselands, NSW
Refer to slide 31 for definition of FFO and reconciliation of FFO to statutory net loss/profit. FFO is a non-IFRS measure.
Previous corresponding period.
Adjusting for the divestment of Runaway Bay Centre, QLD, which is expected to settle by 30 June 2022, gearing would be 25.6%.
Net tangible assets per security.
Sales are reported for comparable centres, which excludes acquisitions, divestments and development-impacted centres in accordance with Shopping Centre Council of Australia (SCCA) guidelines (refer to slide 29 for details). Also excludes travel sales.
States with relatively minor COVID-19 disruption of Queensland, Western Australia, South Australia and Tasmania.
Vicinity's guidance is subject to changes in COVID-related conditions.
Vicinity Centres FY22 Interim Results | 16 February 2022
4
MACROECONOMIC ENVIRONMENT
Capacity to spend remains strong, aided by low unemployment and high household savings
Consumer sentiment index1
Residential dwelling values2
(Index = 100)
(Index = 100)
120
130
BNE 128.4
110
102
SYD 125.3
120
ADE 123.2
100
MEL 115.1
90
110
PER 113.0
only80
100
70
Jan-17
Jan-18
Jan-19
Jan-20
Jan-21
Jan-22
Jan-21
Mar-21
May-21
Jul-21
Sep-21
Nov-21
Jan-22
Unemployment rate3
Job advertisements3
Household savings ratio4
(Seasonally adjusted, %)
(Monthly, '000)
%, Sep 2019 to Sep 2021
use8
Unemployment rate
252
300
25
6
250
20
200
15
4
4.2
150
10
5yr avg: 9.2
Job advertisements
100
2
50
5
8
7
10
24
20
14
14
12
20
0
0
0
Sep-19
Dec-19
Mar-20
Jun-20
Sep-20
Dec-20
Mar-21
Jun-21
Sep-21
Jan-17Jul-17
Jan-18Jul-18
Jan-19Jul-19
Jan-20Jul-20
Jan-21Jul-21
Jan-22
1.
Westpac-MIConsumer Sentiment.
3. Australian Government Labour Market Information Portal, Vacancy Report; Australian Bureau of Statistics.
2.
CoreLogic.
4. Australian Bureau of Statistics.
ersonal
Vicinity Centres
FY22 Interim Results | 16 February 2022
5
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Vicinity Centres RE Ltd. published this content on 15 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2022 22:13:28 UTC.
Vicinity Centres is an Australia-based company that is engaged in investment in a portfolio of retail investment properties. The Company owns and manages retail destinations across Australia and offer a range of retail, residential, and office spaces. The Company has direct Portfolio with interests in 59 shopping centers, including the DFO Brisbane business and manages 29 assets on behalf of Strategic Partners, 28 of which are co-owned by the Company. Its properties include Bankstown Central, Bayside, Buranda Village, Chadstone, DFO Perth, Emporium Melbourne, Queen Victoria Building, QueensPlaza, and The Glen. Its development properties include 1 Middle Road, Chadstone, Bankstown Central, 12 Balmoral Walk, Bayside, Box Hill Central, Box Hill, and Chatswood Chase Sydney. The Company also offers a range of retail solutions, such as advertising, brand activations, leasing, and pop-up retail.
VICINITY CENTRES 
