Vicinity Centres (VCX) - Net Assets

Latest as of December 2025: AU$11.75 Billion AUD ≈ $8.31 Billion USD

Based on the latest financial reports, Vicinity Centres (VCX) has net assets worth AU$11.75 Billion AUD (≈ $8.31 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$16.93 Billion ≈ $11.98 Billion USD) and total liabilities (AU$5.19 Billion ≈ $3.67 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets AU$11.75 Billion
% of Total Assets 69.36%
Annual Growth Rate 13.46%
5-Year Change 11.13%
10-Year Change 2.57%
Growth Volatility 88.92

Vicinity Centres - Net Assets Trend (2006–2025)

This chart illustrates how Vicinity Centres's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Vicinity Centres (2006–2025)

The table below shows the annual net assets of Vicinity Centres from 2006 to 2025.

Year Net Assets Change
2025-06-30 AU$11.13 Billion
≈ $7.87 Billion		 +4.60%
2024-06-30 AU$10.64 Billion
≈ $7.53 Billion		 +0.01%
2023-06-30 AU$10.64 Billion
≈ $7.53 Billion		 -2.27%
2022-06-30 AU$10.89 Billion
≈ $7.70 Billion		 +8.70%
2021-06-30 AU$10.01 Billion
≈ $7.09 Billion		 -5.17%
2020-06-30 AU$10.56 Billion
≈ $7.47 Billion		 -8.88%
2019-06-30 AU$11.59 Billion
≈ $8.20 Billion		 -4.28%
2018-06-30 AU$12.11 Billion
≈ $8.57 Billion		 +3.06%
2017-06-30 AU$11.75 Billion
≈ $8.31 Billion		 +8.28%
2016-06-30 AU$10.85 Billion
≈ $7.68 Billion		 +2.39%
2015-06-30 AU$10.60 Billion
≈ $7.50 Billion		 +195.19%
2014-06-30 AU$3.59 Billion
≈ $2.54 Billion		 +6.73%
2013-06-30 AU$3.36 Billion
≈ $2.38 Billion		 +0.46%
2012-06-30 AU$3.35 Billion
≈ $2.37 Billion		 -0.12%
2011-06-30 AU$3.35 Billion
≈ $2.37 Billion		 +335.26%
2010-06-30 AU$770.07 Million
≈ $544.87 Million		 +11.47%
2009-06-30 AU$690.81 Million
≈ $488.79 Million		 -76.12%
2008-06-30 AU$2.89 Billion
≈ $2.05 Billion		 +33.72%
2007-06-30 AU$2.16 Billion
≈ $1.53 Billion		 +114.14%
2006-06-30 AU$1.01 Billion
≈ $714.74 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Vicinity Centres's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 1044.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Retained Earnings AU$1.99 Billion 17.87%
Common Stock AU$9.13 Billion 82.01%
Other Comprehensive Income AU$13.80 Million 0.12%
Total Equity AU$11.13 Billion 100.00%

Vicinity Centres Competitors by Market Cap

The table below lists competitors of Vicinity Centres ranked by their market capitalization.

Company Market Cap
National Retail Properties Inc
NYSE:NNN
 		$8.33 Billion
Oil India Limited
NSE:OIL
 		$8.33 Billion
Nordnet AB
ST:SAVE
 		$8.34 Billion
Trelleborg AB (publ)
ST:TREL-B
 		$8.34 Billion
Nexgen Energy (Canada) Ltd
AU:NXG
 		$8.33 Billion
U-Haul Holding Company
NYSE:UHAL-B
 		$8.33 Billion
Procore Technologies Inc
NYSE:PCOR
 		$8.32 Billion
Keyera Corp.
TO:KEY
 		$8.31 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Vicinity Centres's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 10,638,900,000 to 11,127,900,000, a change of 489,000,000 (4.6%).
  • Net income of 1,004,600,000 contributed positively to equity growth.
  • Dividend payments of 516,100,000 reduced retained earnings.
  • Share repurchases of 8,199,999 reduced equity.
  • Other comprehensive income increased equity by 500,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income AU$1.00 Billion +9.03%
Dividends Paid AU$516.10 Million -4.64%
Share Repurchases AU$8.20 Million -0.07%
Other Comprehensive Income AU$500.00K +0.0%
Other Changes AU$8.20 Million +0.07%
Total Change AU$- 4.60%

Book Value vs Market Value Analysis

This analysis compares Vicinity Centres's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 1.05x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has increased from 0.22x to 1.05x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2006-06-30 AU$11.72 AU$2.56 x
2007-06-30 AU$16.92 AU$2.56 x
2008-06-30 AU$7.90 AU$2.56 x
2009-06-30 AU$1.58 AU$2.56 x
2010-06-30 AU$1.77 AU$2.56 x
2011-06-30 AU$0.74 AU$2.56 x
2012-06-30 AU$0.74 AU$2.56 x
2013-06-30 AU$0.74 AU$2.56 x
2014-06-30 AU$0.79 AU$2.56 x
2015-06-30 AU$2.33 AU$2.56 x
2016-06-30 AU$2.74 AU$2.56 x
2017-06-30 AU$2.58 AU$2.56 x
2018-06-30 AU$2.66 AU$2.56 x
2019-06-30 AU$2.55 AU$2.56 x
2020-06-30 AU$2.32 AU$2.56 x
2021-06-30 AU$2.20 AU$2.56 x
2022-06-30 AU$2.39 AU$2.56 x
2023-06-30 AU$2.33 AU$2.56 x
2024-06-30 AU$2.33 AU$2.56 x
2025-06-30 AU$2.44 AU$2.56 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Vicinity Centres utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 9.03%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 76.00%
  • • Asset Turnover: 0.08x
  • • Equity Multiplier: 1.47x
  • Recent ROE (9.03%) is above the historical average (-15.08%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2006 22.78% 232.26% 0.04x 2.32x AU$127.90 Million
2007 12.38% 281.06% 0.03x 1.72x AU$51.24 Million
2008 -30.09% -876.35% 0.02x 1.69x AU$-1.16 Billion
2009 -391.00% -2439.73% 0.04x 4.27x AU$-2.75 Billion
2010 14.81% 136.73% 0.03x 3.40x AU$36.77 Million
2011 7.58% 139.04% 0.03x 1.65x AU$-81.17 Million
2012 -6.66% -77.74% 0.06x 1.52x AU$-557.66 Million
2013 6.32% 42.46% 0.10x 1.56x AU$-123.65 Million
2014 12.29% 84.86% 0.10x 1.46x AU$82.38 Million
2015 6.37% 77.70% 0.06x 1.48x AU$-384.46 Million
2016 8.86% 71.93% 0.08x 1.46x AU$-124.00 Million
2017 13.48% 119.09% 0.08x 1.42x AU$408.83 Million
2018 10.07% 89.47% 0.08x 1.44x AU$7.95 Million
2019 2.99% 26.51% 0.08x 1.47x AU$-812.81 Million
2020 -17.06% -148.07% 0.08x 1.44x AU$-2.86 Billion
2021 -2.56% -23.11% 0.08x 1.43x AU$-1.26 Billion
2022 11.16% 102.77% 0.08x 1.43x AU$126.69 Million
2023 2.55% 22.06% 0.08x 1.46x AU$-792.31 Million
2024 5.14% 41.70% 0.08x 1.48x AU$-516.79 Million
2025 9.03% 76.00% 0.08x 1.47x AU$-108.19 Million

Industry Comparison

This section compares Vicinity Centres's net assets metrics with peer companies in the REIT - Retail industry.

Industry Context

  • Industry: REIT - Retail
  • Average net assets among peers: $5,410,854,428
  • Average return on equity (ROE) among peers: 4.05%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Vicinity Centres (VCX) AU$11.75 Billion 22.78% 0.44x $8.33 Billion
Carindale Property Trust (CDP) $569.84 Million 4.74% 0.44x $316.13 Million
Charter Hall Retail REIT (CQR) $117.24 Million 0.65% 0.64x $1.59 Billion
Dexus Convenience Retail REIT (DXC) $215.50 Million 2.49% 0.43x $262.20 Million
Homeco Daily Needs REIT (HDN) $3.08 Billion 3.32% 0.57x $1.85 Billion
Region Group (RGN) $2.72 Billion 16.99% 0.54x $1.88 Billion
Scentre Group (SCG) $10.41 Billion 7.98% 0.28x $13.64 Billion
Unibail-Rodamco-Westfield (URW) $20.77 Billion -7.84% 1.58x $16.52 Billion

About Vicinity Centres

AU:VCX Australia REIT - Retail
Market Cap
$8.33 Billion
AU$11.78 Billion AUD
Market Cap Rank
#2549 Global
#51 in Australia
Share Price
AU$2.56
Change (1 day)
-0.39%
52-Week Range
AU$2.26 - AU$2.66
All Time High
AU$2.66
Categories
Companies in Australia REIT - Retail
About

Vicinity Centres (Vicinity or the Group) is one of Australia's leading retail property groups with a fully integrated asset management platform, and $24 billion in retail assets under management across 52 shopping centres, making it the second largest listed manager of Australian retail property. The Group has a Direct Portfolio with interests in 51 shopping centres (including the DFO Brisbane bu… Read more