The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

Stage

Acquired | Acquired

Total Raised

$22.85M

Valuation

$0000 

About Vicinity Corporation

Vicinity is a provider of technology-based solutions that enable businesses and governments to market the local availability of their products and services through the use of web, wireless and speech platforms.

Vicinity Corporation Headquarter Location

Sunnyvale, California,

United States

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Vicinity Corporation Patents

Vicinity Corporation has filed 2 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/11/2009

8/19/2014

Radio frequency antenna types, Computer buses, Antennas (radio), Computer connectors, Electromagnetism

Grant

Application Date

6/11/2009

Grant Date

8/19/2014

Title

Related Topics

Radio frequency antenna types, Computer buses, Antennas (radio), Computer connectors, Electromagnetism

Status

Grant

Latest Vicinity Corporation News

Vicinity Centres : Appendix 4D and Half Year Financial Report

Feb 15, 2022

02/15/2022 | 04:50pm EST Message : For the six months ended 31 December 2021 Six months to 650.2 31‐Dec‐21 Review of results For further commentary on the half year results, refer to the following documents released on the ASX today: ‐ ‐ Refer to Note 4 of the Half Year Financial Report. The information presented above is based upon the Half Year Financial Report for the six months ended 31 December 2021 which has been r personal 1. Vicinity Centres is a stapled group comprising Vicinity Limited ABN 90 114 757 783 and Vicinity Centres Trust ARSN 104 931 928 (the Trust). The Responsible For2. A reconciliation between net profit from ordinary activities attributable to securityholders and fund from operations (FFO) is provided in Note 1(b) of the Half Year Financial Report. 3. Calculated as Balance Sheet net assets less intangible assets, divided by the number of stapled securities on issue at period end. Includes right of use assets and net investments in leases. 4. Details of the full year tax components of distributions will be provided in the Annual Tax Statements which will be sent to securityholders in late August 2022. For personal use only Vicinity Centres comprising: Vicinity Limited - ABN 90 114 757 783 Vicinity Centres Trust - ARSN 104 931 928 and their controlled entities Vicinity Centres Directors' Report The Directors of Vicinity Limited present the Financial Report of Vicinity Centres (Vicinity or the Group) for the half year ended 31 December 2021. Vicinity Centres is a stapled group comprising Vicinity Limited (the Company) and Vicinity Centres Trust only(the Trust). Although separate entities, the Stapling Deed entered into by the Company and the Trust ensures that shares in the Company and units in the Trust are 'stapled' together and are traded collectively on the Australian Securities Exchange (ASX), under the code 'VCX'. Directors The Boards of Directors of the Company and Vicinity Centres RE Ltd, as Responsible Entity (RE) of the Trust (together, the Vicinity Board) consist of the same Directors. The following persons were members of the Vicinity Board from 1 July 2021 and up to the date of this report unless otherwise stated: (i) Principal activities The principal activities of the Group during the period continued to be property investment, property management, property development, leasing, and funds management. The Group has its principal place of business at Level 4, Chadstone Tower One, 1341 Dandenong Road, Chadstone, Victoria 3148. ForDistributions On 16 February 2022, the Directors declared a distribution in respect of the Group's earnings for the half year ended 31 December 2021 of 4.7 cents per VCX stapled security, which equates to total interim distributions of $214.0 million. The interim distribution will be paid on 8 March 2022. The record date for determining entitlement to the interim distribution is 5pm, 22 February 2022. 3 The extended lockdowns with mandated closure of non-essentialretail in New South Wales (NSW) and Victoria (VIC) from July up to late October 2021. These locations account for approximately 69% of the Group's portfolio by value. Central business district (CBD) assets continued to experience reduced foot traffic as many CBD-basedoffice workers continued to work from home, day-tripperscontinued to shop locally, and Australia's state and international borders remained closed for the majority of the period. The Group continued to provide rental assistance in the form of rental waivers, payment deferrals and other temporary modifications to the underlying lease agreements to eligible SME tenants and other tenants in categories and locations that continue to experience financial hardship and distress. These negotiations were undertaken in accordance with the general principles of the Australian Government's SME Commercial Code of Conduct and Leasing Principles During COVID- 19 or with the applicable regulations in Victoria and NSW (collectively referred to as the 'SME Codes'). Ongoing uncertainty in communities within which the Group operates due to the rapid increase and high number of Omicron cases since December 2021. Vicinity Centres | Financial report for the half year ended 31 December 2021 Significant changes in state of affairs COVID-19 pandemic The Group's performance continued to be adversely impacted by the COVID-19 pandemic ('COVID-19' or 'the pandemic') related disruptions during the six-month period. Key factors impacting Vicinity's financial and operational performance onlyincluded: use• The duration and full extent of the pandemic and its impacts on the economy, consumers and investment markets remain uncertain. As a result, certain significant judgements, estimates and assumptions have been made in determining the carrying value of certain assets and liabilities at 31 December 2021. These are further discussed in the 'About this Report' section of the personalfinancial report. Review of results and operations This report should be read in conjunction with the 30 June 2021 Annual Report which provides further information on Vicinity's strategy, operations, and risks. (a) Operational update Financial results The Group assesses operating performance based on funds from operations (FFO) and adjusted funds from operations (AFFO). FFO and AFFO are widely accepted measures of real estate operating performance which adjust statutory net profit/(loss) for fair value movements, certain unrealised and non-cash items (FFO), as well as maintenance capital expenditure and static t nant leasing costs incurred during the period (AFFO). FFO and AFFO are determined with reference to the guidelines published by the Property Council of Australia (PCA)1 and are non-IFRS measures. The table below contains a summary of FFO, AFFO, other related metrics and a summary reconciliation of net profit after tax to FFO2. For

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