VCX FINANCIAL STATEMENTS

Vicinity Centres — balance sheet, income statement and cash flow trends

VCXVicinity Centres

🇦🇺 Australia · AU · Real Estate · REIT - Retail

Value itDuel

Income Statement

Quarterly progression — trailing-twelve-month values
RevenueNet Income
-2 B0202020212022202320242025

Profit Funnel

Q2 2025 · TTM
Revenue1.3 B A$Gross Profit946.8 M A$ · 71%Operating Income838.3 M A$ · 63%Pre-tax Income1.3 B A$ · 98%Net Income1.3 B A$ · 99%

Percentages are relative to revenue.

Key Figures

YoY change
Revenue1.3 B A$+7.4%
Gross Profit946.8 M A$+7.9%
Operating Income838.3 M A$+8.7%
EBITDA1.4 B A$+85.3%
Net Income1.3 B A$+313.4%

Peer Comparison· REIT - Retail

CompanyRev. GrowthGross MarginEBITDA MarginNet Margin
VCX-2.6%70.9%102.0%98.6%
CHP-UN3.2%71.7%30.6%-3.6%
NNN5.8%81.4%93.0%41.4%
ADC17.8%87.6%81.8%29.3%
BRX6.6%60.1%78.6%32.0%
FRT7.5%53.6%82.9%38.6%
Industry median8.1%62.1%76.5%35.2%

Balance Sheet

Quarterly period-end values
Total AssetsTotal LiabilitiesEquity
05 B10 B15 B202020212022202320242025

Capital Structure

Q2 2025
Total Assets16.9 B
  • Equity11.7 B A$69%
  • Current Liabilities712.2 M A$4%
  • Long-term Liabilities4.5 B A$26%

Key Figures

YoY change
Total Assets16.9 B A$+9.7%
Total Liabilities5.2 B A$+7.0%
Total Equity11.7 B A$+11.0%
Cash & ST Investments55.7 M A$-41.7%
Total Debt5.3 B A$+18.8%
Net Debt5.2 B A$+20.1%

Peer Comparison· REIT - Retail

CompanyCurrent RatioDebt/EquityNetDebt/EBITDAEquity/Assets
VCX0.2144.7%3.8269.4%
CHP-UN0.9464.8%15.4959.3%
NNN0.48110.4%5.5746.6%
ADC0.8352.7%5.3261.3%
BRX1.23187.2%4.8933.4%
FRT1.45149.0%4.4336.4%
Industry median0.8382.3%5.1251.3%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values
Operating Cash FlowCapital ExpendituresFree Cash Flow
0200 M400 M600 M202020212022202320242025

Cash Flow Bridge

Q2 2025 · TTM
0200 M400 M600 M661.3 M A$Operating-21.6 M A$Investing-693.4 M A$Financing-53.7 M A$Net Change

Key Figures

YoY change
Operating Cash Flow661.3 M A$+35.6%
Capital Expenditures472.8 M A$+260.0%
Free Cash Flow188.5 M A$-47.1%
Dividends Paid-429.6 M A$-203.4%

Peer Comparison· REIT - Retail

CompanyCF MarginFCF MarginCapEx RatioCF/Net Income
VCX49.5%14.1%35.4%50.2%
CHP-UN47.8%44.1%3.8%-1,312.4%
NNN69.6%69.6%228.0%168.1%
ADC69.7%14.7%522.8%238.0%
BRX47.7%47.7%101.5%149.3%
FRT48.0%40.3%26.6%124.3%
Industry median48.1%37.5%17.4%142.0%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

Go deeper on VCX

Run a DCF valuation

Full DCF model with editable assumptions

Start a head-to-head duel

Compare two stocks metric by metric

Filter in the stock screener

Build your own universe with 400+ metrics

Data on this page refreshes once per day. Price data as of Jul 3, 26. This content is for informational purposes only and is not investment advice.