Core Insights - Scentre Group's share price has increased by 19.2% since the beginning of 2025, while REA Group's share price is approximately 10.7% above its 52-week low [1] Scentre Group (SCG) - Scentre Group is a real estate company specializing in shopping centres, operating under the Westfield brand in Australia and New Zealand [1] - The company manages a portfolio of 42 centres valued at over $34 billion, with an occupancy rate exceeding 99% and attracting more than half a billion visitors annually [1] - The current dividend yield for Scentre Group shares is around 4.09%, which is lower than its 5-year average of 4.78%, indicating potential fluctuations in dividends or share price increases [7] REA Group (REA) - REA Group, known for its realestate.com.au platform, is a Melbourne-based real estate advertising company primarily owned by News Corp [3] - The company operates property websites in about 10 countries, serving around 20,000 property agents, with its core Australian website receiving over 55 million visits monthly [4] - REA Group's competitive advantages include network effects and economies of scale, giving it greater market power compared to its main competitor, Domain [5] - The current price-sales ratio for REA shares is 17.63x, slightly above its 5-year average of 17.41x, suggesting that the shares may be overvalued [8]

Group 1: REA Group Overview - REA Group is a Melbourne-based real estate advertising company, primarily known for its realestate.com.au platform, and is majority-owned by News Corp [2][3] - The company operates property websites in around 10 countries, with the Australian site receiving over 55 million visits monthly, and Australian operations account for the majority of its revenue [3][4] - REA generates revenue through property listings and has a smaller financial services arm offering mortgage broking [3] Group 2: Competitive Advantages - REA Group benefits from network effects and economies of scale, giving it greater market power compared to its main competitor, Domain [4] - The company owns assets across various segments of real estate, including listing, advertising, mortgage broking, and house sharing, enhancing its competitive position [4] Group 3: ZIP Co Overview - Zip Co, founded in 2013, specializes in buy-now-pay-later (BNPL) services, allowing customers to make purchases and pay in interest-free installments [5] - The company operates globally, partnering with over 79,300 retailers and serving more than 6 million customers, and expanded into the US market by acquiring Quadpay in September 2020 [6] Group 4: Share Price Valuation - REA Group shares currently have a price-to-sales ratio of 17.90x, above its 5-year average of 17.41x, indicating a potential increase in share price or a decline in sales [8] - ZIP shares trade at a price-to-sales ratio of 6.51x, compared to its 5-year average of 5.81x, also suggesting that its shares are trading above historical averages [9]

Group 1: Scentre Group (SCG) - Scentre Group's share price has increased by 16.9% since the beginning of 2025, with a portfolio of 42 shopping centres valued at over $34 billion and an occupancy rate exceeding 99% [1][2] - The company operates under the Westfield brand in Australia and New Zealand, attracting more than half a billion visitors annually [1] - For CY23, Scentre Group reported a debt/equity ratio of 87.3%, an average dividend yield of 4.8% over the last 5 years, and a return on equity (ROE) of 1.0%, which is below the expected 10% for a mature business [6][7] Group 2: REA Group - REA Group, known for its realestate.com.au platform, operates property websites in around 10 countries and receives over 55 million visits monthly on its Australian site [3][4] - The company has seen a revenue growth rate of 18.6% per year over the last 3 years, reaching $1,677 million in FY24, although net profit has decreased from $323 million to $303 million [9] - REA's last reported ROE was 18.9%, indicating strong performance relative to its growth-oriented business model [9] - Competitive advantages for REA include network effects and economies of scale, giving it greater market power compared to its main competitor, Domain [5]