First Impression: Scentre Group-SCG- Interim Result

Bell Potter

Comparable sales growth (for the six months to June16) of 1.3% in the total portfolio with specialty sales up 2.5% , Majors up 1.7%, Mini majors up 0.8% | Comparable NOI growth 2.6%. SCG has maintained the forecast range of 2.5% - 3.0% growth for the full year | Net property income for 1H16 was $870.9 million (vs $911.4m in pcp).Comparable net operating income growth across the portfolio was 2.6%.


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