Scentre Group

( ASX:SCG ) - ASX200 Real Estate


A-REIT Outlooks Diverge

The backdrop for retailing landlords is challenging. Macquarie expects comparable income growth will remain in the low single digits for Australian shopping centres. Given fixed escalators for specialty leases of 4-5%, the broker expects negative re-leasing spreads will prevail and this is not a particularly attractive growth profile.

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