Stocks Down Under 20 July 2020: Scentre Group, Centuria Capital Group, Frontier Digital Ventures
Scentre Group: New retail dynamic as shoppers slowly return
Headquartered in Sydney, Scentre Group is a real estate investment trust (REIT) focused on shopping centre properties. Under the popular Westfield Living Centres brand it operates 42 retail destinations in Australia and New Zealand that attract over 500 million people annually. The COVID-19 crisis has had a major impact on its retail properties. But with a strengthened balance sheet and innovations built around online shopping, the company is discovering new ways to generate income. With a 5% dividend yield the shares offer investors a bit of an income cushion on top of the upside potential.
Also featured today, Centuria Capital Group (ASX:CNI) and Venture Capital firm Frontier Digital Ventures (ASX:FDV).
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