0001 GMT - Scentre's shares drift 2.3% lower after its earnings guidance for this year misses consensus expectations. Scentre forecast annual funds from operations of 22.75 Australian cents/security, which represents 4.3% growth on the 21.82 cents achieved in 2024. Citi analyst Howard Penny says the market had been looking for 23.1 cents/security in 2025. "We do, however, see potential upside from further opportunistic buybacks of subordinated notes and continued momentum in retail real estate leasing," says Citi, which has a buy call on the stock. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 25, 2025 19:01 ET (00:01 GMT)
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