ASX Releases

25 July 2017

Appendix 3C - Announcement of buy-back

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25 July 2017

On-market securities buy-back

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Key Dates

16 August 2017

FY17 annual results

30 August 2017

June 2017 distribution payment

Chadstone Shopping Centre, VIC DFO Homebush, NSW Emporium Melbourne, VIC

Chadstone Shopping Centre, VIC

DFO Homebush, NSW

Emporium Melbourne, VIC

FY17 annual results briefing – Register now

FY17 annual results briefing – Register now

FY17 annual results briefing on 16 August 2017

Vicinity Centres will release its FY17 annual results to the ASX on Wednesday 16 August 2017.

Report

Report

Vicinity Centres 2016 Sustainability Report

Read our inaugural sustainability report to find out more about how we are creating shared value for Vicinity and our stakeholders.

Latest reports

Latest reports

Use the buttons below to view or download our latest Annual report, or find prior reports in the Financial Results section by clicking here.

Annual report / PDF / 4MB

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ASX Releases

A copy of all releases made to the Australian Securities Exchange (ASX) can be found below. A search function is provided for your ease of navigation. For releases made by Federation Centres and its former entities prior to 3 February 2015 and Novion and its former entities refer to ‘RELEASES – PRIOR FUNDS’.

 

APPLY FILTERS

Releases - Prior funds

The list below provides access to releases made by Federation Centres and its former entities prior to the Merger announcement on 3 February 2015 and releases made by Novion and its former entities. A search function and filters are provided for your ease of navigation.

APPLY FILTERS

Financial Results

Securityholder Meetings

Key Dates

Securityholder Information

Security price

Periodic Statements

Vicinity Centres (Vicinity) is an Australian Real Estate Investment Trust (A-REIT) that trades on the Australian Securities Exchange (ASX) under the code ‘VCX’. Vicinity is a stapled security structure, with each security comprised of one share in a company, Vicinity Limited, stapled to one unit in a trust, Vicinity Centres Trust. The shares and units cannot be dealt with or traded separately.

Vicinity Centres Trust is defined as a managed investment scheme and accordingly certain disclosure requirements apply. This page provides disclosure relevant to Periodic Statements in accordance with s1017D of the Corporations Act 2001 (Cth).

These disclosures should not be relied upon for the purpose of the preparation of Australian income tax returns. In late August each year, securityholders will be sent their Annual taxation statement which contains the information required to complete an Australian income tax return.

Holding and transaction details

Securityholders can access information about their holding, including the number of securities held and dates of any transactions, through Link Market Services:

Online: Click here

Phone: +61 1300 887 890

Securityholders can obtain information about the prices at which they have transacted Vicinity securities from the broker or financial adviser who completes the trade.

Estimated total fees and indirect costs

The total fees represent the estimated total fees and costs incurred by each securityholder for their investment in Vicinity securities. They comprise the fees which have been charged directly to the securityholder (which amount to zero for the period) and the indirect costs which have not been deducted directly from the securityholder’s account.

Indirect costs include costs such as accounting, corporate costs, custody, employee benefits expenses, office costs, registry, and other administrative fees. They do not include costs that would be incurred if an investor invested directly into Vicinity’s assets, or management costs paid or payable by one member of the Vicinity group to other members of the Vicinity group.

The estimated indirect costs1 for the 12 months ended 30 June 2016, are as follows:

Average number of securities on issue (m)

3,958.6

Indirect costs ($m)

49.8

Indirect costs per security ($)

0.0126

1  Securityholders can calculate their own estimated indirect costs by multiplying the ‘Indirect costs per security’ (from the table above) by their average holding balance during the 12 months ended 30 June 2016.

Performance

Security price

After closing at $2.92 on 30 June 2015, over the 12 months to 30 June 2016, Vicinity securities traded through a range of $2.58 to $3.53, ending the period at $3.32. More information on the history of Vicinity’s security price can be downloaded under the Security Price tab in the Securityholder Information section of this website.

Distributions

Vicinity paid two distributions in relation to the 12 months to 30 June 2016 totalling 17.7 cents per security as follows:

Period ended

Distribution (per security)

Payment date

31 December 2015

8.8 cents

2 March 2016

30 June 2016

8.9 cents

30 August 2016

Total

17.7 cents

-

Return on investment

Return on investment, or total securityholder return, is estimated as the combination of security price movement from the opening security price, plus distributions (assumed to be reinvested), over the period, expressed as a percentage. For the 12 months to 30 June 2016, the calculation for Vicinity is 20.4%.

The above calculation is unlikely to reflect the actual transaction dates and prices of securityholders, nor does it take into account any brokerage or other costs that may have been incurred. Vicinity does not have access to the prices at which securityholders have executed their transactions and the related costs. Securityholders may calculate their return on investment by obtaining such information about their own transactions from their broker or financial adviser.

The following table outlines the historical total securityholder return performance of Vicinity compared to a number of benchmark indices1:

Total securityholder return1 (%)

5 Dec 11 to
30 Jun 122

FY13

FY14

FY15

FY16

Vicinity Centres3

17.6

27.3

11.8

24.4

20.4

S&P/ASX 200 A-REIT Retail

14.4

22.0

8.5

24.1

27.3

S&P/ASX 200 A-REIT

10.8

24.2

11.1

20.3

24.6

S&P/ASX 200

-2.8

22.8

17.4

5.7

0.6

1  Total securityholder return assumes the reinvestment of distributions. The calculations in this table may not match other measures of total securityholder return. Source: UBS 2017.
2  Federation Centres commenced trading on the ASX on 5 December 2011.
3  Vicinity Centres traded as Federation Centres prior to 2 November 2015.

Performance targets

Information about Vicinity’s performance targets and achievement against those targets and other financial and operational performance metrics can be found in its Annual Report and other financial results disclosures which can be accessed in the Financial Results section of this website or in Vicinity’s ASX lodgements which can be accessed in the ASX Releases section of this website.

Securities issued during the year

Vicinity is not currently offering a distribution reinvestment plan (DRP) and no other securities were issued during the 12 months to 30 June 2016.

Additional information

We are committed to delivering a high level of service to all securityholders. Should there be some way you feel that we can improve our service, we would like to know. Whether you are making a suggestion or a complaint, your feedback is always appreciated.

Email: investor.relations@vicinity.com.au

We have a complaints handling policy and procedure and are committed to resolving complaints equitably and efficiently. If you have a complaint you can submit them via phone, post or email:

Email: complaints@vicinity.com.au

Phone: +61 2 8229 7700

In writing: Complaints Officer, Vicinity Centres, Level 39 MLC Centre, 19 Martin Place, Sydney NSW 2001

If you are not satisfied with the resolution of your complaint, you may refer your complaint to the Financial Ombudsman Service (FOS). FOS is an independent organisation offering free dispute resolution services to complainants. For further information, please call 1800 367 287 or visit www.fos.org.au. 

Dividends and distributions

We make half-yearly dividend and distribution payments to Securityholders. These are paid in February and August for the corresponding December and June six-monthly periods. We encourage all Securityholders to receive their payments by direct credit. To update Australian banking details on your registered holding contact our Security Registry on 1300 887 890, or you can update your details online here.

A summary of securityholder payments made by the Group (or Federation Centres) since 2012 can be found here.

A summary of securityholder payments made by Novion Property Group can be found here.

Performance

From the aggregation of Federation Centres^ on 5 December 2011 to 30 June 2015, we have delivered an annual compound return of 21.5%. To put that into perspective, $1,000 invested in Federation Centres at 5 December 2011 would (at 30 June 2015) be worth $1,984 compared to $1,838 invested in the S&P/ASX 200 Property Accumulation (A-REIT) Index.

The relative performance of the Group over the following periods is as follows: 

 

One year

Three years^^

Since aggregation^^

Vicinity Centres^

24.2%

19.3%

21.5%

S&P/ASX 200 Property Accumulation Index

20.3%

27.9%

18.9%

S&P/ASX 200 Accumulation Index

5.7%

14.7%

11.8%

 ^   Vicinity Centres traded as Federation Centres prior to 2 November 2015.

^^ Compound average annual growth rate. 

Frequently asked questions

To assist you in better understanding our business, we have provided below some answers to the most commonly asked questions we receive.

General questions answered about listed property trusts:

What is an A-REIT?

What are stapled securities?

What does listed mean?

What is the 'Record Date'?

Questions answered about Vicinity Centres:

What brokers report on Vicinity Centres?

How do I obtain a Product Disclosure Statement for Vicinity Centres?

How do I buy or sell securities?

Is a Reinvestment Plan (DRP) available?

When is the next distribution payment due?

How do I calculate information for my tax return?

How do I change my registration details, e.g. address, bank account details etc.?

How do I give notification of my tax file number (TFN)?

How do I access my current securityholding?

How can I find historical security prices?

What is the value of my investment?

How do I contact the Security Registry?

What is an A-REIT?

A-REIT stands for Australian Real Estate Investment Trust. Historically, they have been known as Listed Property Trusts (LPTs). An A-REIT is a property trust which invests in a portfolio of property assets and is listed on the Australian Securities Exchange (ASX). Investors are able to buy securities in an A-REIT on the ASX, which provides them with a share of the ownership of the trust and entitlements to the returns of the trust. The major benefit of A-REITs is that they can provide access to assets that may be otherwise out of reach for individual investors, such as large-scale commercial properties. A-REITs are designed to generate wealth in two ways: they provide exposure to the value of the real estate assets that the trust owns and the accompanying capital growth, as well as rental income. A-REITs may appeal to investors looking to diversify their portfolio into property with potential to receive a regular and consistent income stream.

According to the ASX website, A-REITs that have stapled securities (like Vicinity Centres) provide investors with exposure to a funds management and/or a property development company, as well as a real estate portfolio. A share in a stapled securities fund usually consists of one trust unit and one share in a company. These securities are ‘stapled’ and cannot be traded separately. The trust holds the portfolio of assets, while the related company carries out the fund’s management functions and/or manages any development opportunities.

Being listed on the ASX, securities in A-REITs are traded each day and their price will rise and fall according to market conditions.

What are stapled securities?

Entities on the ASX that have stapled securities, are comprised of two or more entities, such that the units or shares of each entity are stapled together to create a single tradable security. Under stapling provisions, generally only stapled securities may be traded, not the separate units or shares that make up each stapled security.

Each Vicinity Centres stapled security is comprised of one Vicinity Centres Trust unit and one Vicinity Limited share.

What does listed mean?

A company is 'listed' when its securities are quoted (or listed) on the ASX. As the securities of Vicinity Centres are listed on the ASX and actively traded each day (under the trading code ‘VCX’, their value will rise and fall according to market conditions. This is different from other unit trusts (which are unlisted) where the investment manager calculates the unit price daily. Securities in listed entities can be bought or sold via an ASX participant broker.

What is the 'Record Date'?

The Record Date is the date on which the Group’s security register is closed off to identify the securityholders and to calculate any entitlement to the current distribution. All change of address notifications, request for payment of distributions direct to an Australian financial institution, TFN/ABN or exemption notification instructions election forms must be incorporated onto the security register by 5pm on the Record Date to apply for the current distribution and dividend.

Click here to view our key dates.

What brokers report on Vicinity Centres?

The following brokers have coverage of Vicinity Centres. Please email us to obtain the latest broker contact details investor.relations@vicinity.com.au

  • Bank of America Merrill Lynch
  • Citi
  • CLSA
  • Credit Suisse
  • Deutsche Bank
  • Evans & Partners
  • Goldman Sachs
  • JP Morgan
  • Macquarie
  • Moelis
  • Morgan Stanley
  • NAB
  • UBS

 

How do I obtain a Product Disclosure Statement for Vicinity Centres?

As Vicinity Centres is listed on the ASX, you do not require a Product Disclosure Statement or an application form to invest. You can simply buy or sell securities in Vicinity Centres by contacting an ASX participant broker.

How do I buy or sell securities?

As Vicinity Centres is listed on the ASX, you can buy or sell securities in Vicinity Centres directly via the ASX by contacting your ASX participant broker. If you don't have a stockbroker, the ASX provides useful hints at asx.com.au for selecting an appropriate stockbroker, as well as providing a list of participating stockbrokers on the ASX.

Is a Reinvestment Plan (DRP) available?

No. Currently, Vicinity Centres does not offer a Distribution Reinvestment Plan for securityholders.

When is the next distribution payment due?

For details of Vicinity Centres ‘s distribution payment dates and mailings, please refer to the Key dates.

How do I calculate information for my tax return?

Securityholders will be sent an Annual Tax Statement in late August each year. This statement will provide securityholders with the information they require to complete their tax return. If you would like another copy of a previous tax statement, please refer to the Tax information page.

How do I change my registration details, e.g. address, bank account details etc.?

Our Security Registry, Link Market Services has a number of options available to make changes to personal information relating to your securityholding.

Online: Click on Securityholder login located at the top of this page to amend details online or download the appropriate form where necessary. You can also view and update your holding information through the Security Registry's website at linkmarketservices.com.au

Phone: Contact the Security Registry to request an instruction form: on +61 1300 887 890 (8:30am to 5:30pm business days)

Mail: Forward a signed written instruction (include relevant form where necessary) to:

Vicinity Centres
C/- Link Market Services Limited
Locked Bag A14
Sydney South NSW 1235
vicinity@linkmarketservices.com.au
linkmarketservices.com.au

How do I give notification of my tax file number (TFN)?

Please contact our Security Registry, Link Market Services by phone or put your request in writing. Alternatively, you can update this information online by logging into the ’Securityholder login’ located at the top of this page.

How do I access my current securityholding?

You can access details of your current securityholding by logging into the Securityholder login located at the top of this page. 

How can I find historical security prices?

You can access the latest security price (and a range of options on historical pricing) at the security price page on a 20 minute delay, click here.

What is the value of my investment?

As the securities of Vicinity Centres are listed on the ASX, their value can change throughout the day. To calculate the value of your investment, simply multiply the number of securities you hold by the current security price. You can access the latest security price (and a range of options on historical pricing) at the security price page on a 20 minute delay, click here.

You can access your number of securities held by logging into the Securityholder login located at the top of this page.

How do I contact the Security Registry?

Vicinity Centres C/- Link Market Services Limited
Locked Bag A14
SYDNEY SOUTH NSW 1235
AUSTRALIA
Telephone: +61 1300 887 890
Facsimile: +61 2 9287 0303 (+61 2 9287 0309 for proxy voting)
Email: vicinity@linkmarketservices.com.au
Website: linkmarketservices.com.au

Tax Information

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