According to TipRanks.com, Chan is a 1-star analyst with an average return of -6.9% and a 29.5% success rate. Chan covers the Financial sector, focusing on stocks such as Charter Hall Group, Vicinity Centres, and Goodman Group.
Currently, the analyst consensus on Shopping Centres Australasia Property Group RE Ltd. is a Hold with an average price target of $2.03, a -13.6% downside from current levels. In a report issued on June 22, UBS also maintained a Hold rating on the stock with a price target.
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Shopping Centres Australasia Property Group RE Ltd.’s market cap is currently $2.25B 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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