SCA Property Withdraws FY20 Earnings and Distribution Guidance

  • Mar 25, 2020 AEDT
  • Team Kalkine

SCA Property Group (ASX:SCP) withdrew its FY20 earnings and distribution guidance in the wake of uncertainty in relation to the effect and duration of the COVID-19 pandemic.

  • The Company suggested that numerous of its tenants are required to close for an indefinite period including gyms, cinemas, massage, beauty, tanning salons and nail bars over the Prime Minister’s announcement, which represent ~ 1.0 million per month of our gross rental income.
  • Apart from that, cafes and restaurants which represent approximately $0.7 million per month of gross rental income would be offering takeaway services; and,
  • SCP suggests that the total annual gross property income is currently around $300 million and the gross rental income from all tenants in the effected categories is approximately 0.6 per cent of our annual gross property income.


All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK