Scentre Group reiterates 2025 guidance as Westfield traffic ticks up

The news: Scentre Group has reaffirmed its 2025 outlook after reporting a 3.1% rise in customer visits to its Westfield destinations for the calendar year to 9 November.

The numbers: Scentre has retained its 2025 target for funds from operations of 22.75 cents per share, representing 4.3% growth for the year.

Distributions are expected to grow by 3% to 17.72 per share.

Customer visitation to its 42 Westfield shopping centres totalled 453 million for the 45 weeks to 9 November, up 3.1%, or 13.5 million, compared to the same period in 2024.

Total annual business partner sales across Scentre's portfolio were $29.5 billion for the year to 30 September, up $760 million compared to the same period last year.