Scentre Group (ASX:SCG) 5-Year Yield-on-Cost % : 3.71 (As of Apr. 30, 2024)

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What is Scentre Group 5-Year Yield-on-Cost %?

Scentre Group's yield on cost for the quarter that ended in Dec. 2023 was 3.71.

The historical rank and industry rank for Scentre Group's 5-Year Yield-on-Cost % or its related term are showing as below:

ASX:SCG' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.52 Med: 3.71 Max: 10.43
Current: 3.71

During the past 13 years, Scentre Group's highest Yield on Cost was 10.43. The lowest was 2.52. And the median was 3.71.

ASX:SCG's 5-Year Yield-on-Cost % is ranked worse than
84.98% of 832 companies
in the REITs industry
Industry Median: 7.065 vs ASX:SCG: 3.71

Competitive Comparison of Scentre Group's 5-Year Yield-on-Cost %

For the REIT - Retail subindustry, Scentre Group's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Scentre Group's 5-Year Yield-on-Cost % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Scentre Group's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Scentre Group's 5-Year Yield-on-Cost % falls into.

Scentre Group 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Scentre Group is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Scentre Group (ASX:SCG) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.

Scentre Group 5-Year Yield-on-Cost % Related Terms

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Scentre Group (ASX:SCG) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

STGPF:USA

Address

85 Castlereagh Street, Level 30, Sydney, NSW, AUS, 2000

Website

https://www.scentregroup.com

Scentre Group owns the largest portfolio of premium Australian and New Zealand shopping malls, owning most of the top 10 Australian and top five New Zealand malls. About half its rent comes from anchor tenants and half from specialty tenants. About a third of floor space is currently allocated to department stores, however 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. While almost every Scentre mall is anchored by at least one supermarket, these tenants accounts for less than 10% of gross lettable area, due to the large size of Scentre's assets.