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Shopping Centres Australasia (ASX:SCA) units had a strong year, rising to $1.90

Clime Investment Management

Clime Investment Management

Shopping Centres Australasia (ASX:SCA) units had a strong year, rising to $1.90. But in the recent correction they have fallen back to $1.70, which has given yield investors a good opportunity to lock in a 6.6 per cent unfranked yield and gain exposure to relatively stable non-discretionary retail. SCA's properties have been performing well with 8.4 per cent average sales growth, which is better than peers and helped it generated a solid full-year profit of $111.6 million. But the company has received a boost from Woolies which ends soon. When SCA was spun out, Woolies provided a two-year rental guarantee to cover higher vacancy rates at the shopping centres' specialty stores - things like takeaways, fashion and chemists - which now make up 37 per cent of tenants. Read more: (VIEW LINK)

Clime Investment Management
Funds Management & Stock Research
Clime Investment Management

The Clime Group is a respected and independent Australian Financial Services Company, which seeks to deliver excellent service and strong risk-adjusted total returns, closely aligned with the objectives of our clients.

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