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Vicinity Centres announces FY'19 earnings forecasts

Vicinity Centres expects its funds from operations per security to sit within a range of 18.0 Australian cents to 18.2 cents for the 2019 fiscal year, translating to a year-over-year climb of 3.4% to 4.6% if portfolio changes are taken into account.

The Australian retail real estate investment trust based the per-security FFO guidance on an assumption that A$1.0 billion of property disposals would be carried out, among other conditions.

The REIT is forecasting its maintenance capital expenditure and incentives to be within the approximately A$80 million to A$90 million range, or roughly 0.6% of its gross asset value.

Vicinity also anticipates a distribution payout ratio at the upper end of a 95% to 100% target range of its adjusted FFO for fiscal 2019.