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Region Group RGN

A$2.13 −0.02 (0.93%)
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Company Report

Region Group: Dropping Coverage

We will discontinue analyst coverage of no-moat Region Group on or about July 15, 2024. Accordingly, we place Region Group under review. We provide analyst research and ratings on over 1,600 companies globally and periodically adjust our coverage according to investor interest and staffing.

Bulls Say, Bears Say

Bulls

About half of income comes from supermarkets with long leases that remained open even during covid-19 lockdowns, suggesting that Region Group's income is resilient.

Bears

There are few barriers to entry for new neighborhood shopping centers to be established.

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Trading Information

Previous Close Price
A$2.15
Day Range
A$2.122.14
52-Week Range
A$1.932.50
Bid/Ask
A$2.12 / A$2.14
Market Cap
A$2.47 Bil
Volume/Avg
2.1 Mil / 2.3 Mil

Key Statistics

Price/Earnings (Normalized)
25.56
Price/Sales
6.55
Dividend Yield (Trailing)
6.43%
Dividend Yield (Forward)
6.57%
Total Yield
6.43%

Company Profile

Region Group owns a portfolio of smaller shopping centers. About half of rental income comes from anchor tenants, typically Woolworths or Coles businesses, or in some cases discount department stores. The assets are mostly in regional or suburban areas of Australia, and the group divested its New Zealand assets in 2016. The portfolio assets are neighborhood (about 75% by value) and subregional shopping centers (25%). It also has a small amount of income from funds management.
Sector
Real Estate
Industry
REIT - Retail
Stock Style Box
Mid Value
Total Number of Employees

Competitors

Valuation

Metric
RGN
CQR
SCG
Price/Earnings (Normalized)
25.5629.7294.64
Price/Book Value
173.060.710.92
Price/Sales
6.558.656.59
Price/Cash Flow
14.4712.1315.46
Price/Earnings
RGN
CQR
SCG

Financial Strength

Metric
RGN
CQR
SCG
Quick Ratio
0.170.290.13
Current Ratio
0.272.590.28
Interest Coverage
−0.11−2.730.24
Quick Ratio
RGN
CQR
SCG

Profitability

Metric
RGN
CQR
SCG
Return on Assets (Normalized)
−1.37%3.95%0.48%
Return on Equity (Normalized)
−463.50%5.86%0.96%
Return on Invested Capital (Normalized)
−0.53%4.04%0.41%
Return on Assets
RGN
CQR
SCG
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