REGION GROUP (RGN)
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RGN

RGN - REGION GROUP

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 7.57
Index: ASX200 | ASX300 | ALL-ORDS

Region Group changed its name in late November 2022 from SCA Property Group, which was previously spun-off from Woolworths.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.31

30 Apr
2026

0.010

OPEN

$2.29

0.43%

HIGH

$2.31

2,749,257

LOW

$2.28

TARGET
$2.447 5.9% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DGT . DXC . DXI . DXS . GDF . GDI . HCW . HDN . NSR . PLG . REP . RFF . SCG . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
RGN: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 18.3 15.8 xxx
DPS (cps) xxx 13.7 14.1 xxx
EPS Growth xxx 100.0% - 13.6% xxx
DPS Growth xxx 0.0% 2.6% xxx
PE Ratio xxx N/A 14.7 xxx
Dividend Yield xxx N/A 6.0% xxx
Div Pay Ratio(%) xxx 74.9% 89.0% xxx

Dividend yield today if purchased 3 years ago: 5.64%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.88

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 27/06 - (franking ex-div 7.00c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx18.3
DPS All xxxxxxxxxxxxxxx13.7
Sales/Revenue xxxxxxxxxxxxxxx376.1 M
Book Value Per Share xxxxxxxxxxxxxxx246.8
Net Operating Cash Flow xxxxxxxxxxxxxxx154.4 M
Net Profit Margin xxxxxxxxxxxxxxx56.50 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx7.48 %
Return on Invested Capital xxxxxxxxxxxxxxx4.81 %
Return on Assets xxxxxxxxxxxxxxx4.65 %
Return on Equity xxxxxxxxxxxxxxx7.48 %
Return on Total Capital xxxxxxxxxxxxxxx4.70 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-175.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx1,572 M
Total Debt xxxxxxxxxxxxxxx1,572 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx9 M
Price To Book Value xxxxxxxxxxxxxxx0.89

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx170.7 M
Capex % of Sales xxxxxxxxxxxxxxx45.39 %
Cost of Goods Sold xxxxxxxxxxxxxxx137 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx31 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4,468 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.4

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

11/02/2026

3

Neutral

$2.28

-1.30%

At interim results, management of Region Group upgraded FY26 guidance following transactional activity. Funds from operations (FFO) and adjusted FFO guidance were raised by 0.6% and 0.7%, respectively.

The net tangible assets (NTA) metric during the half improved by 3.6% due to -10bps of cap rate compression, explains the analyst.

At a valuation discount to NTA that already reflects corporate costs, commentary suggests, adding upside seems limited in the near term.

The broker attributes upgraded guidance to accretive acquisitions and management fee growth, while noting guidance remains conservative and excludes further buybacks or transactions.

The target edges up to $2.28 from $2.26 and the Neutral rating is kept.

FORECAST
Macquarie forecasts a full year FY26 dividend of 14.10 cents and EPS of 15.10 cents.
Macquarie forecasts a full year FY27 dividend of 14.60 cents and EPS of 15.50 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Moelis

10/02/2026

1

Buy

$2.68

16.02%

Region Group delivered a solid 1H26 result, with EPS of 7.9c, up 3.9%, and DPS of 6.9c, up 3.0%, with FY26 EPS guidance lifted slightly to 16.0c.

Comparable net operating income grew 3.7% on improved leasing conditions, with specialty spreads of plus-3.4%, fixed rent reviews up to 4.3% and vacancy down to 4.5%.

NTA rose 4% to $2.56, cap rates tightened to 5.87%, gearing eased to 32.7% and a $16m buyback was completed.

Moelis retains a Buy rating and lifts the target to $2.68 from $2.63.

FORECAST
Moelis forecasts a full year FY26 dividend of 14.10 cents and EPS of 16.00 cents.
Moelis forecasts a full year FY27 dividend of 14.70 cents and EPS of 16.70 cents.
Access Extra Coverage Research History >

RGN STOCK CHART

FNArena News on RGN

Latest REITs News

1
Australian Listed Real Estate Tables – 06-06-2022

Jun 06 2022 - Weekly Reports
2
Australian Listed Real Estate Tables – 30-05-2022

May 30 2022 - Weekly Reports
3
Australian Listed Real Estate Tables – 23-05-2022

May 23 2022 - Weekly Reports
4
Australian Listed Real Estate Tables – 16-05-2022

May 16 2022 - Weekly Reports
5
Australian Listed Real Estate Tables – 09-05-2022

May 09 2022 - Weekly Reports
6
Australian Listed Real Estate Tables – 03-05-2022

May 03 2022 - Weekly Reports
7
Australian Listed Real Estate Tables – 26-04-2022

Apr 26 2022 - Weekly Reports
8
Australian Listed Real Estate Tables – 19-04-2022

Apr 19 2022 - Weekly Reports
9
Australian Listed Real Estate Tables – 11-04-2022

Apr 11 2022 - Weekly Reports
10
Australian Listed Real Estate Tables – 04-04-2022

Apr 04 2022 - Weekly Reports