Vicinity Centres (Vicinity or the Group (VCX) Fair Value & Analysis
Real Estate · AU · Market cap A$11.3B
Fair value as of: Jun 26, 2026
From 24 valuation models · updated 4 days ago
Fair value updated Jun 26, 2026 — revised from A$2.36 to A$2.29 (−3.0%) since Jun 24, 2026. Share price +2.0% over the past month.
Price vs Fair Value (12 months)
12‑month range A$2.28 – A$2.66 · fair‑value band A$1.39 – A$3.38 · the A$2.60 price screens above the A$2.29 fair value. As of Jun 26, 2026.
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Vicinity Centres (Vicinity or the Group (VCX) currently trades at A$2.60, while our model-based Fair Value estimate is A$2.29 — implying the stock looks roughly 11.9% overvalued today. We read business quality at 95/100 (high quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, Vicinity Centres (Vicinity or the Group generated revenue of A$1.4B at a net margin of 94.9%. Revenue grew 1.2% year over year. It earns a return on equity of 11.7%. Net debt stands at A$4.8B. Fundamentals as of Jun 26, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
Vicinity Centres (Vicinity or the Group) is one of Australia's leading retail property groups. With a fully integrated asset management platform, and 25 billion dollars in retail assets under management across 49 shopping centres, making it the second largest listed manager of Australian retail property. The Group has a Direct Portfolio with interests in 48 shopping centres (including the DFO Brisbane business) and manages 25 assets on behalf of Strategic Partners. Vicinity Centres was incorporated in 2005 in Australia.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Vicinity Centres (Vicinity or the Group reported revenue of A$1.3B in FY2025 versus A$1.1B in FY2021, a compound +4.4%/yr. Reported net income was A$1.0B in FY2025.
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Similar stocks
6 more REIT - Retail stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Simon Property Group SPG | $216.74 | $113.07 | -48% |
| Realty Income Corporation O | 1,055 MXN | 44.44 MXN | -96% |
| Unibail-Rodamco-Westfield SE UNBLF | $117.90 | $115.29 | -2% |
| Kimco Realty Corporation KIM | $24.69 | $14.74 | -40% |
| Scentre Group STGPF | $2.73 | $2.40 | -12% |
| CapitaLand Integrated Commercial Trust (CICT or the Trust) CPAMF | $1.86 | $1.06 | -43% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.