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Stockland Corporation Ltd (SGP.AX)

SGP.AX on Australia Stock Exchange

4.45AUD
18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Stockland corporation sees FY18 FFO growth of 2-3 percent
Tuesday, 15 Aug 2017 11:38pm EDT 

Aug 16 (Reuters) - Stockland Corporation Ltd :Sees FY18 FFO growth of 2-3 percent ."Assuming no material change in market conditions, we are targeting growth in ffo per security of 5.0-6.5 percent in FY18".Sees FY18 distribution per security growth targeted at 4 percent, representing 26.5 cents per security.Expects residential settlements to exceed 6000 lots in the coming year.  Full Article

Stockland Corporation posts FY net profit attributable up 34.4% to $1.2 billion
Tuesday, 15 Aug 2017 06:56pm EDT 

Aug 16 (Reuters) - Stockland Corporation Ltd :FY revenue from ordinary activities $2,744 million, up 17.9 percent.FY net profit after tax attributable to securityholders up 34.4% to $1.2 billion.Final dividend of 12.9 cents per security.  Full Article

Stockland Corporation says HY net profit after tax attributable to securityholders up 0.7 pct to $702 mln
Tuesday, 21 Feb 2017 05:04pm EST 

Stockland Corporation Ltd : Hy net profit after tax attributable to securityholders up 0.7% to $702 million . Hy revenue from ordinary activities up 9.8% to $1,169 million . Interim distribution 12.6 ¢ cents per share . Hy ffo per security was 15.4 cents, up 6.2% on 1h16 . "Full year operating profit margin expected to be 15-16%" . Tightened our fy17 guidance to 6-7% ffo growth . "Expect favourable economic conditions to continue and interest rates to remain relatively low" ."On track to deliver a full year distribution of 25.5 cents per ordinary stapled security".  Full Article

Stockland Corporation says chairman Graham Bradley AM to retire
Tuesday, 30 Aug 2016 06:40pm EDT 

Stockland Corporation Ltd : Stockland announces chairman succession . Says chairman Graham Bradley AM, will retire . Tom Pockett, to be appointed as the new chairman .  Full Article

Stockland Corp FY net profit after tax down 1.6 pct
Tuesday, 16 Aug 2016 06:43pm EDT 

Stockland Corporation Ltd : Appendix 4e including Stockland financial report FY 2016 . FY revenue from ordinary activities up 10.1% to $2.33 billion . Final distribution 12.3 cents per stapled security . FY net profit after tax down 1.6% to $889 million . Forecast growth in funds from operations per security of 5-7% and distribution growth of 4.1% in FY 2017 . Expected residential lot settlements and retirement living net reservations also remain buoyant for year ahead" . Expects FFO per security to skew towards the second half . FY 2017 distribution per security is targeted at 25.5 cents . From FY 2017, distribution policy will be based on FFO and will reflect a payout ratio of 75 - 85% . Will continue to report underlying profit" . Expect to achieve more than 6,000 residential lot settlements in FY 2017 , with "strong" profit skew towards 2h17 .  Full Article

Stockland Corp acquires 95 hectares to extend Elara
Wednesday, 8 Jun 2016 07:27pm EDT 

Stockland Corporation Ltd : Stockland acquires 95 hectares to extend elara . Stockland will acquire the property from the Winten Property Group for $290 million . New acquisition is expected to yield more than 1,500 additional residential lots .  Full Article

Stockland Corp declares Interim distribution
Tuesday, 9 Feb 2016 04:31pm EST 

Stockland Corp:Says Interim distribution of 12.2 cents per share.  Full Article

BRIEF-Stockland corporation sees FY18 FFO growth of 2-3 percent

* "Assuming no material change in market conditions, we are targeting growth in ffo per security of 5.0-6.5 percent in FY18"