Scentre Group delivers 69% jump in FY profit as customer visits hit 540m
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The news: Westfield owner Scentre Group reported a 69% jump in full-year statutory profit to $1.78 billion as customer visits to its shopping centres climbed 2.7% to 540 million in 2025.
The numbers: Funds from operations (FFO) rose 4.9% year on year to $1.19 billion, equating to 22.82 cents per share. Distributions grew 3.4% to $923 million, or 17.72 cents per share.
The group is targeting FFO of “at least” 23.73 cents per share in 2026, representing growth of at least 4% year on year. Distributions are expected to grow by 4% year on year to 18.43 cents per share.
The context: Scentre CEO Elliott Rusanow said the result represents the group’s fifth consecutive year of earnings and distributions growth, with those expected to “continue to growth in the years ahead”.
“Our strategy to grow the economic activity at our Westfield destinations by attracting more people to our destinations, broadening the businesses that partner with us, and better utilising our substantial land holdings, is expected to continue to deliver sustainable long-term growth in earnings and distributions,” said Rusanow.
The source: ASX
