Retail: 70%
Gastronomy: 15%
Entertainment: 10%
Other: 5%

TOP 3 Markets:

1. Sydney: 35%
2. Melbourne: 30%
3. Brisbane: 20%

Vicinity Centres generates the majority of its revenue from retail, followed by gastronomy and entertainment. The most significant markets are Sydney, Melbourne, and Brisbane, which together account for 85% of the revenue. These cities are crucial for the company due to their high population density and economic importance.

Production: No in-house production

Vicinity Centres (ASX:VCX) is an Australian real estate company specializing in the ownership, management, and development of shopping centers. The company does not produce physical products, but offers services in the field of property management. Therefore, there are no production facilities or sites in the traditional sense. Vicinity Centres focuses on creating and managing attractive retail spaces for tenants.

Strategy for Future Growth:

1. Portfolio Optimization: Vicinity Centres focuses on optimizing its real estate portfolio through targeted sales of non-core assets. This allows investments in strategically more important and more profitable locations.

2. Digitalization and Technology Integration: The company is increasing its investment in digital technologies to enhance the customer experience and improve operational efficiency. This includes the implementation of smart center technologies and the use of data analytics.

3. Sustainability and ESG Initiatives: Vicinity Centres is committed to sustainable practices and has set ambitious goals to reduce CO2 emissions. This includes investments in renewable energy and sustainable construction practices.

4. Expansion of Retail Offerings: Through partnerships with leading retailers and the introduction of new brands in their centers, the company aims to increase attractiveness and visitor numbers.

This strategy aims to secure the long-term growth and profitability of Vicinity Centres by adapting to changing market conditions and consumer preferences.

Commodities/Materials: Building and renovation materials

Main importing countries: China, USA, Germany

Vicinity Centres, as an operator of shopping centers, mainly imports building and renovation materials for the maintenance and modernization of their properties. This includes steel, glass, lighting systems, and other building materials.

China is a significant supplier of cost-effective building materials and electronic components. The USA and Germany provide specialized technologies and high-quality materials needed for sustainable construction projects and energy-efficient systems.

The exact composition of the imported materials may vary depending on specific construction projects and renovation plans.

Market share: 24% in the Australian retail property market (2025)

Portfolio value: 23 billion AUD (2025)

Vicinity Centres has a significant competitive advantage in the Australian retail property market. With a market share of 24% and a portfolio value of 23 billion AUD, the company is one of the largest players in this sector.

The competitive advantage mainly stems from the strategic locations of its shopping centers, which are situated in highly frequented urban areas. These locations attract a large number of visitors, which is attractive for both retailers and investors.

Additionally, Vicinity Centres continuously invests in the modernization and expansion of its properties to meet the changing needs of consumers and enhance the attractiveness of its locations. This strengthens customer loyalty and ensures stable long-term income.

Institutional Investor Share: 55% (estimated for 2025)

Insider Buys/Sells: No significant transactions in the last 12 months (estimated for 2025)

The institutional investor share at Vicinity Centres is estimated to be 55%, indicating strong confidence from major financial institutions in the company. These investors play a crucial role in the stability and long-term growth of the company.

Regarding insider transactions, there have been no significant buys or sells in the last 12 months. This could suggest that the management and insiders of the company are satisfied with the current company strategy and valuation.

Market share of Vicinity Centres: 12% (2025, estimated)

Top competitors and their market shares:

1. Scentre Group (ASX:SCG) - 25%
2. Stockland (ASX:SGP) - 18%
3. GPT Group (ASX:GPT) - 15%
4. Vicinity Centres (ASX:VCX) - 12%
5. Mirvac Group (ASX:MGR) - 10%
6. Dexus (ASX:DXS) - 8%
7. Charter Hall (ASX:CHC) - 7%
8. Goodman Group (ASX:GMG) - 5%

Vicinity Centres holds a significant market share in the Australian real estate sector, especially in the shopping center segment. The moat of Vicinity Centres is based on their strategic positioning in urban areas and their ability to maintain strong tenant relationships. They benefit from a diversified portfolio and strong brand recognition.

Compared to competitors, Scentre Group has a stronger moat as they own the largest portfolio of premium shopping centers in Australia. Stockland and GPT Group also have significant advantages due to their diversification in residential and commercial properties.

Vicinity Centres must continue to invest in the modernization and adaptation of their centers to remain competitive and strengthen their moat. The competition is fierce, and companies like Scentre Group and Stockland currently have an advantage due to their size and diversification.

Revenue growth: 3.2% (2024) Funds from operations (FFO) growth: 4.5% (2024) Vacancy rate: 4.1% (2024)

Vicinity Centres recorded a revenue growth of 3.2% in 2024, indicating stable demand for retail space in their shopping centers. The 4.5% growth in funds from operations (FFO) reflects improved operational efficiency and solid financial performance.

The vacancy rate of 4.1% is relatively low, suggesting that most spaces are leased, which bodes well for income stability. These metrics indicate that Vicinity Centres is well positioned to benefit from the recovery of the retail sector.

Additionally, the company has invested in the modernization and attractiveness of its centers in recent years, which could lead to increased customer traffic and tenant satisfaction in the long term. These strategic measures could further support growth and enhance the attractiveness of the stock as an investment.

Dividend Yield: 5.2% (estimated for 2025)
Dividend History: Stable payouts in recent years

Vicinity Centres (ASX:VCX) is known for regularly distributing dividends to its shareholders. The dividend yield for 2025 is estimated at 5.2%, which is considered attractive compared to other real estate funds.

In recent years, the company has pursued a stable dividend policy, indicating reliable payouts. This stability is supported by solid rental income and a diversified property base. Analysts expect Vicinity Centres to maintain its dividend policy unless significant economic disruptions occur.