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Vicinity Centres (ASX:VCX) Allowance For Loans And Lease Losses


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What is Vicinity Centres Allowance For Loans And Lease Losses?

Allowance For Loans And Lease Losses only applies to banks.


Vicinity Centres Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Vicinity Centres (ASX:VCX) » Definitions » Allowance For Loans And Lease Losses
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Address
1341 Dandenong Road, Level 4, Chadstone Tower One, Chadstone, Melbourne, VIC, AUS, 3148
Vicinity Centres was created after the merger of Federation Centres and Novion in June 2015, creating one of Australia's largest retail REITs. Its directly and indirectly owned assets have a book value of about AUD 15 billion at the end of June 2024. The assets are skewed to large, high-end shopping centers, with about half in major regional malls, a fifth in subregional, 15% in CBD locations, and about 15% in outlet centers.