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Scentre Group (ASX:SCG), owner of Westfield shopping centres in Australia and New Zealand, is favoured for its resilient earnings. In August 2026, Pendal Group reported first-half funds from operations up 4.4%, with occupancy at 99.8%, positive leasing spreads and CPI-linked rent growth. Tamim highlighted resilient operating conditions, high occupancy and improving tenant sales, noting investors increasingly recognise the defensive earnings of dominant regional shopping centres. Pendal also noted a debt restructure that will materially boost earnings for several years. Scentre Group operates in the Real Estate sector within the Equity Real Estate Investment Trusts industry, and Thesis Tracker has captured 11 comments from 5 fund managers, including Pendal Group and Tamim. Scentre Group owns, manages, leases and develops 42 Westfield destinations across Australia and New Zealand, earning rental income from retail, dining, entertainment and office tenants, and is investing in mixed-use development across its portfolio.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Oracle Advisory Group, Antares Capital, Infinity Asset Management, Pendal Group and Tamim Funds Management have invested in Scentre Group (ASX:SCG).
Managers highlight near-full occupancy, positive leasing spreads, improving tenant sales, defensive earnings from dominant centres and a debt restructure that lifts earnings, according to Pendal and Tamim.
The available commentary is positive, though Pendal noted the shares fell after results, and earnings depend on retail spending and interest rates.
Scentre Group owns, manages, leases, and develops Westfield destinations across Australia and New Zealand. The company operates through two primary segments: Property Investment and Property Management and Construction. The Property Investment segment generates revenue from shopping center net property income. The Property Management and Construction segment provides external fee income through property management and development services. Founded in 1959, Scentre Group is headquartered in Sydney, Australia.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.