Scentre Group Limited

Renting in a big shopping center for a company is a bit like renting a billboard on the busiest highway, where you get lots of eyeballs but the landlord sets the rules.

Scentre, which owns Westfield, reported in 2024 that roughly 17 cents of every dollar goes on rents and costs.

But that means there are rules, too.

Landlords set the trading hours, the fit outs, the marketing levies.

Uh, we have the REITs also somewhat wishy-washy.

Scentre Group down 1.2, Vicinity down 2.2, but Goodman's bucking the trend at 1.5%.

Healthcare also doing all right today.

CSL announced the deal with the Swiss pharma Allentuz, uh, for a liver and kidney phase two drug.