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Citigroup Maintains a Buy Rating on Shopping Centres Australasia Property Group RE Ltd. (SCPAF)

Currently, the analyst consensus on Shopping Centres Australasia Property Group RE Ltd. is a Hold with an average price target of $2.05.

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Shopping Centres Australasia Property Group RE Ltd.’s market cap is currently $2.32B and has a P/E ratio of 4.31.

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Shopping Centres Australasia Property Group owns a portfolio of smaller shopping centres, the majority anchored by Woolworths or Coles businesses, making up about 50% of rental income. Assets are predominantly in regional areas of Australia and comprise neighbourhood (about 75% by value) and subregional (25%) shopping centres. Upside to earnings or distributions in the medium term will largely come from the resetting of legacy specialty leases to prevailing market rates.

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