Cash flow Vicinity Centres

Stocks

VCX

AU000000VCX7

Commercial REITs

Market Closed - Australian S.E. Other stock markets 11:41:00 13/07/2026 am IST			5-day change	1st Jan Change
2.650 ^AUD	+0.38%		+0.38%	+3.52%

15/06	Vicinity Centres Announce Board Changes	CI
15/06	Vicinity Centres Appoints Patrick Allaway as Chairman-Elect as Trevor Gerber Announces Retirement	MT

0b353d61d11f2b6.DmQokN097ko-T-uaUopvU11GbtGqTfzC5Gyw2Ajdf4A.YVNN1ux7iBl7NdvpAOMkGD4WWoLhLr-LlgLDs0-VGclrO3fDrFurGlQn3w

Published financial data: VICINITY CENTRES

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Rental Revenues	111.87Cr	112.32Cr	120.98Cr	124.94Cr	126.95Cr
Property Management Fee	4.88Cr	5.66Cr	6.48Cr	6.78Cr	5.24Cr
Interest and Investment Income, Total (Revenue Block)	17L	26L	68L	91L	82L
Other Revenues, Total	-3.42Cr	1.59Cr	-5.09Cr	-1.43Cr	4.94Cr
Total Revenues	113.5Cr	119.83Cr	123.05Cr	131.2Cr	137.95Cr
Property Expenses	30Cr	35Cr	35Cr	40Cr	40Cr
Selling General & Admin Expenses, Total	29L	61L	73L	76L	87L
Depreciation & Amortization - (IS) - (Collected)	61L	55L	49L	45L	42L
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Provision for Bad Debts	8.8Cr	1.37Cr	-2.15Cr	-2L	-
Other Operating Expenses	14Cr	14Cr	15Cr	15Cr	14Cr
Total Operating Expenses	53Cr	51Cr	49Cr	56Cr	56Cr
Operating Income (REIT / Utility Template)	60Cr	68Cr	74Cr	76Cr	82Cr
Interest Expense, Total	-17Cr	-19Cr	-21Cr	-22Cr	-24Cr
Net Interest Expenses	-17Cr	-19Cr	-21Cr	-22Cr	-24Cr
Currency Exchange Gains (Loss)	7.75Cr	-1.03Cr	-14Cr	69L	-17Cr
Other Non Operating Income (Expenses)	-12Cr	8.99Cr	6.77Cr	3.78Cr	18Cr
EBT, Excl. Unusual Items	40Cr	57Cr	46Cr	58Cr	60Cr
Total Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Asset Writedown	-64Cr	63Cr	-20Cr	-3.89Cr	40Cr
EBT, Incl. Unusual Items	-25Cr	120.76Cr	27Cr	54Cr	100Cr
Income Tax Expense	1.09Cr	-76L	-54L	-29L	-53L
Earnings From Continuing Operations	-26Cr	121.52Cr	27Cr	55Cr	100.46Cr
Net Income to Company	-26Cr	121.52Cr	27Cr	55Cr	100.46Cr
Net Income - (IS)	-26Cr	121.52Cr	27Cr	55Cr	100.46Cr
Net Income to Common Incl Extra Items	-26Cr	121.52Cr	27Cr	55Cr	100.46Cr
Net Income to Common Excl. Extra Items	-26Cr	121.52Cr	27Cr	55Cr	100.46Cr
Per Share Items
Net EPS - Basic	-0.06	0.27	0.06	0.12	0.22
Basic EPS - Continuing Operations	-0.06	0.27	0.06	0.12	0.22
Basic Weighted Average Shares Outstanding	455.15Cr	455.22Cr	455.22Cr	455.23Cr	455.55Cr
Net EPS - Diluted	-0.06	0.27	0.06	0.12	0.22
Diluted EPS - Continuing Operations	-0.06	0.27	0.06	0.12	0.22
Diluted Weighted Average Shares Outstanding	455.97Cr	456.13Cr	456.05Cr	456.25Cr	456.83Cr
Normalized Basic EPS	0.05	0.08	0.06	0.08	0.08
Normalized Diluted EPS	0.05	0.08	0.06	0.08	0.08
Dividend Per Share	0.1	0.1	0.12	0.12	0.12
Payout Ratio	-60	42.32	192.01	100.68	51.37
Supplemental Items
EBITDA	61Cr	69Cr	75Cr	76Cr	83Cr
EBITA	60Cr	68Cr	74Cr	76Cr	82Cr
EBIT	60Cr	68Cr	74Cr	76Cr	82Cr
EBITDAR	62Cr	71Cr	76Cr	78Cr	85Cr
Total Revenues (As Reported)	116.92Cr	118.24Cr	128.14Cr	132.63Cr	133.01Cr
Effective Tax Rate - (Ratio)	-4.41	-0.63	-2.03	-0.53	-0.53
Current Domestic Taxes	91L	-	-	38L	30L
Total Current Taxes	91L	54L	36L	38L	30L
Deferred Domestic Taxes	18L	-	-	-67L	-83L
Total Deferred Taxes	18L	-1.3Cr	-90L	-67L	-83L
Normalized Net Income	25Cr	36Cr	29Cr	36Cr	38Cr
Interest Capitalized	4L	15L	34L	84L	1.81Cr
Interest on Long-Term Debt	3.33Cr	3.48Cr	3.48Cr	3.53Cr	3.62Cr
Supplemental Operating Expense Items
Net Rental Expense, Total	1.45Cr	1.64Cr	1.83Cr	2.19Cr	2.37Cr
Imputed Operating Lease Interest Expense	47.07L	62.47L	71.18L	87.33L	1.01Cr
Imputed Operating Lease Depreciation	97.93L	1.02Cr	1.12Cr	1.32Cr	1.36Cr
Stock-Based Comp., SG&A Exp. (Total)	29L	61L	73L	76L	87L
Total Stock-Based Compensation	29L	61L	73L	76L	87L

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Net Property Plant And Equipment	1.33TCr	1.44TCr	1.43TCr	1.48TCr	1.51TCr
Total Real Estate Assets	1.33TCr	1.44TCr	1.43TCr	1.48TCr	1.51TCr
Cash And Equivalents	4.72Cr	5.56Cr	19Cr	4.96Cr	8.07Cr
Accounts Receivable, Total	3Cr	6Cr	4.83Cr	3.21Cr	2.89Cr
Other Receivables	2.84Cr	65L	1.42Cr	82L	46L
Investment In Debt and Equity Securities	53L	13Cr	13Cr	11Cr	7.89Cr
Goodwill	-	-	-	-	-
Other Intangibles, Total	16Cr	16Cr	16Cr	16Cr	17Cr
Other Current Assets, Total	5.1Cr	5.06Cr	6.2Cr	27Cr	15Cr
Trading Asset Securities, Total	-	3L	3.91Cr	3.95Cr	2.37Cr
Deferred Tax Assets Long-Term (Collected)	6.17Cr	6.93Cr	7.47Cr	7.76Cr	8.29Cr
Other Long-Term Assets, Total	59Cr	61Cr	54Cr	18Cr	63Cr
Total Assets	1.43TCr	1.56TCr	1.56TCr	1.57TCr	1.63TCr
Liabilities
Current Portion of Long-Term Debt	-	4.1Cr	32Cr	49Cr	108.35Cr
Current Portion of Leases	3.41Cr	2.77Cr	54L	60L	60L
Long-Term Debt	345.68Cr	372.22Cr	375.05Cr	374.31Cr	339.95Cr
Long-Term Leases	35Cr	36Cr	38Cr	39Cr	39Cr
Accounts Payable, Total	9.71Cr	12Cr	11Cr	13Cr	11Cr
Accrued Expenses, Total	9.37Cr	9.61Cr	9.91Cr	10Cr	13Cr
Unearned Revenue, Current	2.26Cr	2.16Cr	2.92Cr	2.02Cr	2.24Cr
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	32Cr	4.32Cr	9.41Cr	11Cr	5.86Cr
Pension & Other Post Retirement Benefits	-	-	-	-	-
Other Non Current Liabilities	4.28Cr	24Cr	15Cr	10Cr	1.03Cr
Total Liabilities	441.65Cr	466.75Cr	494.65Cr	508.69Cr	521.46Cr
Common Stock, Total	910.22Cr	910.22Cr	910.22Cr	910.22Cr	912.55Cr
Retained Earnings	78Cr	177.69Cr	152.71Cr	152.34Cr	198.86Cr
Comprehensive Income and Other	35L	60L	88L	1.33Cr	1.38Cr
Total Common Equity	988.13Cr	1.09TCr	1.06TCr	1.06TCr	1.11TCr
Total Equity	988.13Cr	1.09TCr	1.06TCr	1.06TCr	1.11TCr
Total Liabilities And Equity	1.43TCr	1.56TCr	1.56TCr	1.57TCr	1.63TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	455.23Cr	455.23Cr	455.23Cr	455.23Cr	456.29Cr
ECS Total Common Shares Outstanding	455.22Cr	455.23Cr	455.23Cr	455.23Cr	456.29Cr
Book Value / Share	2.17	2.39	2.34	2.34	2.44
Tangible Book Value	971.71Cr	1.07TCr	1.05TCr	1.05TCr	1.1TCr
Tangible Book Value Per Share	2.13	2.36	2.3	2.3	2.4
Total Debt	384.53Cr	415.23Cr	446.14Cr	462.28Cr	487.85Cr
Net Debt	379.81Cr	409.64Cr	422.94Cr	453.37Cr	477.41Cr
Debt Equivalent Oper. Leases	12Cr	13Cr	15Cr	18Cr	19Cr
Equity Method Investments, Total	48Cr	51Cr	44Cr	9.18Cr	54Cr
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	1.2T	1.27T	-	1.26T	1.25T
Part Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	13Cr	7.54Cr	75L	62L	44L

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	-26Cr	121.52Cr	27Cr	55Cr	100.46Cr
Depreciation, Depletion & Amortization	61L	55L	49L	45L	42L
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Total Depreciation, Depletion & Amortization	61L	55L	49L	45L	42L
Amortization of Deferred Charges, Total	6.47Cr	6.25Cr	6.88Cr	7.26Cr	7.37Cr
Total Asset Writedown	64Cr	-63Cr	20Cr	3.89Cr	-40Cr
(Income) Loss On Equity Investments - (CF)	4.82Cr	-2.4Cr	5.09Cr	1.43Cr	-4.94Cr
Stock-Based Compensation (CF)	-	-	-	-	-
Change in Accounts Receivable	3.09Cr	-1.5Cr	2.62Cr	2.46Cr	2.18Cr
Change in Other Net Operating Assets (Collected)	5.81Cr	3.53Cr	6L	1.31Cr	-37L
Other Operating Activities	5.41Cr	-5.67Cr	8.34Cr	-2.5Cr	-50L
Cash from Operations	65Cr	59Cr	70Cr	69Cr	65Cr
Acquisition of Real Estate Assets, Total	-16Cr	-64Cr	-33Cr	-34Cr	-44Cr
Sale of Real Estate Assets, Total	3.72Cr	13Cr	13Cr	31Cr	68Cr
Net Sale / Acquisition of Real Estate Assets	-13Cr	-51Cr	-20Cr	-2.77Cr	25Cr
Cash Acquisitions	-	-	-	-33Cr	-
Divestitures	-	-	-	-	-
Purchase / Sale of Intangible Assets	-	-	-	-	-50L
Investment in Marketable and Equity Securities, Total	-	-70L	-30L	-8.28Cr	-42Cr
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-13Cr	-51Cr	-20Cr	-44Cr	-18Cr
Long-Term Debt Issued, Total	41Cr	136.7Cr	84Cr	153.8Cr	190.8Cr
Total Debt Issued	41Cr	136.7Cr	84Cr	153.8Cr	190.8Cr
Long-Term Debt Repaid, Total	-98Cr	-92Cr	-67Cr	-137.57Cr	-181.98Cr
Total Debt Repaid	-98Cr	-92Cr	-67Cr	-137.57Cr	-181.98Cr
Issuance of Common Stock	3.26Cr	-	-	-	-
Repurchase of Common Stock	-3L	-41L	-50L	-32L	-82L
Common Dividends Paid	-15Cr	-51Cr	-52Cr	-55Cr	-52Cr
Common & Preferred Stock Dividends Paid	-15Cr	-51Cr	-52Cr	-55Cr	-52Cr
Other Financing Activities, Total	-18L	-16L	-35L	-60L	-70L
Cash from Financing	-70Cr	-6.88Cr	-36Cr	-40Cr	-44Cr
Net Change in Cash	-18Cr	84L	14Cr	-14Cr	3.11Cr
Supplemental Items
Cash Interest Paid	16Cr	18Cr	19Cr	20Cr	23Cr
Net Debt Issued / Repaid	-58Cr	45Cr	17Cr	16Cr	8.82Cr
Levered Free Cash Flow	72Cr	12Cr	44Cr	27Cr	53Cr
Unlevered Free Cash Flow	82Cr	24Cr	57Cr	40Cr	68Cr
Change In Net Working Capital	-38Cr	26Cr	-2.64Cr	15Cr	-8.62Cr

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.55	2.86	2.97	3.02	3.21
Return on Total Capital	2.62	2.97	3.07	3.11	3.29
Return On Equity %	-2.52	11.7	2.52	5.14	9.23
Return on Common Equity	-2.52	11.7	2.52	5.14	9.23
Margin Analysis
Gross Profit Margin %	73.66	70.96	71.58	69.86	71.04
SG&A Margin	8.6	8.8	8.99	8.83	8.38
EBITDA Margin %	53.72	57.51	60.55	58	60.01
EBITA Margin %	53.18	57.05	60.15	57.65	59.71
EBIT Margin %	53.18	57.05	60.15	57.65	59.71
Income From Continuing Operations Margin %	-22.73	101.41	22.06	41.7	72.82
Net Income Margin %	-22.73	101.41	22.06	41.7	72.82
Net Avail. For Common Margin %	-22.73	101.41	22.06	41.7	72.82
Normalized Net Income Margin	21.78	29.95	23.47	27.78	27.37
Levered Free Cash Flow Margin	63.57	10.31	35.79	20.31	38.71
Unlevered Free Cash Flow Margin	72.3	20.17	46.25	30.7	49.38
Asset Turnover
Asset Turnover	0.08	0.08	0.08	0.08	0.09
Fixed Assets Turnover	0.08	0.09	0.09	0.09	0.09
Receivables Turnover (Average Receivables)	29.33	26.22	23.54	32.77	43.34
Short Term Liquidity
Current Ratio	0.28	0.5	0.54	0.47	0.21
Quick Ratio	0.19	0.35	0.45	0.15	0.1
Operating Cash Flow to Current Liabilities	1.15	1.7	1.06	0.81	0.46
Days Sales Outstanding (Average Receivables)	12.44	13.92	15.51	11.17	8.42
Average Days Payable Outstanding	103.76	112.33	118.47	109.66	109.96
Long Term Solvency
Total Debt/Equity	38.91	38.15	41.94	43.45	43.84
Total Debt / Total Capital	28.01	27.61	29.55	30.29	30.48
LT Debt/Equity	38.57	37.52	38.85	38.81	34.05
Long-Term Debt / Total Capital	27.76	27.16	27.37	27.06	23.67
Total Liabilities / Total Assets	30.89	30.01	31.74	32.35	31.91
EBIT / Interest Expense	3.57	3.62	3.59	3.47	3.5
EBITDA / Interest Expense	3.65	3.68	3.64	3.51	3.53
(EBITDA - Capex) / Interest Expense	3.64	3.67	3.64	3.51	3.53
Total Debt / EBITDA	6.24	5.98	5.95	6.04	5.86
Net Debt / EBITDA	6.17	5.9	5.64	5.92	5.74
Total Debt / (EBITDA - Capex)	6.26	5.99	5.96	6.04	5.87
Net Debt / (EBITDA - Capex)	6.18	5.91	5.65	5.93	5.75
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.92	5.58	2.69	6.62	5.14
Gross Profit, 1 Yr. Growth %	7.59	1.71	3.59	4.05	6.91
EBITDA, 1 Yr. Growth %	21.16	13.02	8.13	2.12	8.81
EBITA, 1 Yr. Growth %	20.84	13.25	8.28	2.19	8.9
EBIT, 1 Yr. Growth %	20.84	13.25	8.28	2.19	8.9
Earnings From Cont. Operations, 1 Yr. Growth %	-85.67	-571.01	-77.66	101.51	83.62
Net Income, 1 Yr. Growth %	-85.67	-571.01	-77.66	101.51	83.62
Diluted EPS Before Extra, 1 Yr. Growth %	-88.01	-569.84	-77.67	101.51	83.4
Normalized Net Income, 1 Yr. Growth %	11.12	45.17	-19.55	26.21	3.6
Net Property, Plant and Equip., 1 Yr. Growth %	-3.71	8.05	-0.56	3.38	1.96
Accounts Receivable, 1 Yr. Growth %	-39.52	100	-19.5	-33.54	-9.97
Total Assets, 1 Yr. Growth %	-6.18	8.78	0.21	0.91	3.92
Common Equity, 1 Yr. Growth %	-6.42	10.16	-2.27	0.01	4.6
Tangible Book Value, 1 Yr. Growth %	-6.53	10.33	-2.3	0.01	4.6
Cash From Operations, 1 Yr. Growth %	37.03	-8.86	19.12	-2.21	-5.67
Capital Expenditures, 1 Yr. Growth %	0	33.33	-43.75	-33.33	133.33
Levered Free Cash Flow, 1 Yr. Growth %	-819.96	-82.74	205.63	-39.48	100.36
Unlevered Free Cash Flow, 1 Yr. Growth %	5.94T	-70.59	117.1	-29.23	69.14
Dividend Per Share, 1 Yr. Growth %	29.87	4	15.38	-2.08	2.13
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-6.76	4.74	4.12	4.64	5.88
Gross Profit, 2 Yr. CAGR %	-6.49	4.61	2.64	3.82	5.48
EBITDA, 2 Yr. CAGR %	-13.62	17.02	10.55	5.08	5.41
EBITA, 2 Yr. CAGR %	-14.06	16.99	10.74	5.19	5.49
EBIT, 2 Yr. CAGR %	-13.86	16.99	10.74	5.19	5.49
Earnings From Cont. Operations, 2 Yr. CAGR %	-13.66	-17.86	2.58	-32.9	92.36
Net Income, 2 Yr. CAGR %	-13.66	-17.86	2.58	-32.9	92.36
Diluted EPS Before Extra, 2 Yr. CAGR %	-20.72	-24.95	2.44	-32.91	92.24
Normalized Net Income, 2 Yr. CAGR %	-17.64	27.01	8.07	0.76	14.35
Net Property, Plant and Equip., 2 Yr. CAGR %	-6.87	2	3.66	1.39	2.67
Accounts Receivable, 2 Yr. CAGR %	-6.34	9.99	26.89	-26.86	-22.65
Total Assets, 2 Yr. CAGR %	-8.27	1.02	4.4	0.56	2.4
Common Equity, 2 Yr. CAGR %	-7.66	1.53	3.76	-1.14	2.28
Tangible Book Value, 2 Yr. CAGR %	-6	1.55	3.82	-1.15	2.28
Cash From Operations, 2 Yr. CAGR %	-1.16	11.76	4.19	8.2	-3.95
Capital Expenditures, 2 Yr. CAGR %	-10.56	15.47	-13.4	-38.76	24.72
Levered Free Cash Flow, 2 Yr. CAGR %	33.32	11.05	-21.59	36	10.11
Unlevered Free Cash Flow, 2 Yr. CAGR %	25.26	321.72	-16.78	23.95	9.41
Dividend Per Share, 2 Yr. CAGR %	-20.69	16.22	9.54	6.29	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-5.9	-2.82	4.05	4.95	4.81
Gross Profit, 3 Yr. CAGR %	-6.4	-3.83	4.27	3.11	4.85
EBITDA, 3 Yr. CAGR %	-9.31	-5.52	13.98	7.66	6.31
EBITA, 3 Yr. CAGR %	-9.61	-5.78	14.01	7.81	6.41
EBIT, 3 Yr. CAGR %	-9.45	-5.63	14.01	7.81	6.41
Earnings From Cont. Operations, 3 Yr. CAGR %	-40.4	51.99	-46.78	28.47	-6.15
Net Income, 3 Yr. CAGR %	-40.4	51.99	-46.78	28.47	-6.15
Diluted EPS Before Extra, 3 Yr. CAGR %	-43.39	43.47	-49.89	28.35	-6.19
Normalized Net Income, 3 Yr. CAGR %	-12.18	-0.51	9.08	13.81	1.7
Net Property, Plant and Equip., 3 Yr. CAGR %	-5.73	-2.14	1.14	3.57	1.58
Accounts Receivable, 3 Yr. CAGR %	51.66	20.61	-0.88	2.28	-21.61
Total Assets, 3 Yr. CAGR %	-6.48	-2.91	0.75	3.22	1.67
Common Equity, 3 Yr. CAGR %	-6.55	-2.07	0.25	2.49	0.74
Tangible Book Value, 3 Yr. CAGR %	-5.5	-0.85	0.25	2.53	0.73
Cash From Operations, 3 Yr. CAGR %	-2.88	-3.8	14.16	2.18	3.36
Capital Expenditures, 3 Yr. CAGR %	-39.43	2.17	-9.14	-20.63	-4.35
Levered Free Cash Flow, 3 Yr. CAGR %	23.14	-32.73	63.79	-28.07	54.75
Unlevered Free Cash Flow, 3 Yr. CAGR %	17.91	-22.69	247.29	-21.16	37.48
Dividend Per Share, 3 Yr. CAGR %	-15.03	-13.19	15.94	5.52	4.89
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-3.21	-2.06	-2.01	0.1	4.78
Gross Profit, 5 Yr. CAGR %	-3.76	-3.14	-2.88	-0.84	4.75
EBITDA, 5 Yr. CAGR %	-6.81	-4.24	-1.84	-1.42	10.47
EBITA, 5 Yr. CAGR %	-7	-4.4	-1.96	-1.53	10.52
EBIT, 5 Yr. CAGR %	-6.93	-4.33	-1.86	-1.44	10.52
Earnings From Cont. Operations, 5 Yr. CAGR %	-23.12	-5.16	-25.94	9.59	-11.02
Net Income, 5 Yr. CAGR %	-23.12	-5.16	-25.94	9.59	-11.02
Diluted EPS Before Extra, 5 Yr. CAGR %	-25.22	-7.78	-28.23	5.86	-14.2
Normalized Net Income, 5 Yr. CAGR %	-7.5	-3.98	-4.58	-0	11.16
Net Property, Plant and Equip., 5 Yr. CAGR %	-1.6	-1.65	-2.08	-0.74	1.75
Accounts Receivable, 5 Yr. CAGR %	18.57	46.8	41.22	-1.26	-10.24
Total Assets, 5 Yr. CAGR %	-2.04	-1.36	-2.27	-1.54	1.41
Common Equity, 5 Yr. CAGR %	-1.85	-1.51	-2.55	-1.7	1.05
Tangible Book Value, 5 Yr. CAGR %	-1.06	-0.78	-1.87	-0.97	1.06
Cash From Operations, 5 Yr. CAGR %	-2.7	-4.22	-0.11	0.83	6.64
Capital Expenditures, 5 Yr. CAGR %	-18.8	-24.68	-30.12	-16.74	3.13
Levered Free Cash Flow, 5 Yr. CAGR %	29.38	-28.23	2.65	-8.07	39.74
Unlevered Free Cash Flow, 5 Yr. CAGR %	21.72	-20.24	2.6	-5.09	118.79
Dividend Per Share, 5 Yr. CAGR %	-10.79	-9.68	-5.94	-5.87	9.28