$69 postpage LB

Scentre Group Announced 1Q Update

  • May 11, 2020 12:36 PM AEST
  • Team Kalkine

Scentre Group (ASX:SCG) notified the market about its operational update for March 2020 Quarter.

Key highlights.

  • SCG introduced a new drive-through, Westfield Direct at all its Westfield Living centres in April 2020. Westfield Direct is an easy and safe solution with a click and collect service.
  • For January and February, the customer visitation grew by 1.9 per cent on pcp basis and decrease by 39 per cent during March and April.
  • Scentre maintains its credit rating (which is “A” grade) by Fitch, S&P and Moody’s.
  • SCG has cancelled its interim distribution for the half year ending 30 June 2020.
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