GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Scentre Group (OTCPK:STGPF) » Definitions » Fixed Maturity Investment

STGPF (Scentre Group) Fixed Maturity Investment


View and export this data going back to 2011. Start your Free Trial

What is Scentre Group Fixed Maturity Investment?

Fixed Maturity Investment only applies to insurance companies.


Scentre Group Business Description

Industry
Traded in Other Exchanges
Address
85 Castlereagh Street, Level 30, Sydney, NSW, AUS, 2000
Scentre Group owns the largest portfolio of premium Australian and New Zealand shopping malls, owning seven of the top 10 Australian and four of the top five New Zealand malls. About half its rent comes from anchor tenants and half from specialty tenants at end-June 2024. While about one third of floor space is allocated to department stores at that date, we expect tenants to return a reasonable portion of that space over the next decade, or alternatively, department store rent to be renegotiated to lower levels. Almost every Scentre mall is anchored by at least one supermarket but these tenants accounts for less than 10% of gross lettable area due to the large size of Scentre's assets.