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REAL ESTATE: Vicinity Centres (VCXAU: A2/A): Divestments Lowering Gearing

REAL ESTATE

Gearing reduced by 230bps

  • Vicinity announced the sale of 3 non-strategic assets for A$457m
  • 5% premium to book value
  • Settlement will be 30 June 2025
  • Annual target for 2025 sales had only been $250m
  • Press release claiming that gearing will fall by 2.3% (was 27.2% at FY24)

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Gearing reduced by 230bps

  • Vicinity announced the sale of 3 non-strategic assets for A$457m
  • 5% premium to book value
  • Settlement will be 30 June 2025
  • Annual target for 2025 sales had only been $250m
  • Press release claiming that gearing will fall by 2.3% (was 27.2% at FY24)

Link