2 ASX Blue Chip Stocks Investors look for stability

Investors like to add blue chip stocks in their portfolio mainly for stable and consistent growth. Blue Chip Companies normally offer stable earnings low volatility and consistent returns.

Vicinity Centres (ASX: VCX)

Vicinity Centres in its fiscal year 2024 results covering the period that concluded on 30 June 2024 reported total revenues of $1.32 billion for FY24, an increase from $1.28 billion in the previous year. The Statutory net profit after tax (NPAT) was recorded at $547.1 million, a significant rise from $271.5 million in FY23. The Funds From Operations (FFO) and Adjusted FFO (AFFO) per security exceeded the anticipated range, standing at 14.6 cents and 12.3 cents, respectively, attributed to robust leasing results and overall portfolio performance.

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