Stockland: Tightening of Earnings guidance

Stockland (ASX: SGP) is Australia’s largest diversified property group which was founded earlier in 1952. The group’s stock moved up by 2.6% on July 10, 2018 as its earnings guidance has been tightened to approximately 6.5% growth in FFO per security for the June 2018 financial year which is at the top end of its previous guidance range of 5 – 6.5%. Stockland’s market-leading residential business reflects continued growth, with approximately 6,400 settlements completed in the year to June 2018.

In line with guidance previously issued by Stockland, Stockland has recently announced a full year distribution payment of 26.5 cents per Ordinary Stapled Security. Stockland’s profit is on track following a strong performance in its residential business. A 6.5 percent growth in funds from operations is expected to be made by Stockland, the company is trading at a current market price of $4.125 and has seen a daily price change of $0.105. Also, over the past 12 months the stock has seen a performance change i.e. a decline of -6.07%.

The distribution payment will be made on Friday, 31 August 2018, and the announcement of Stockland’s full year financial results and lodgment will be made on Thursday, 23 August 2018. Exact details of the distribution rate will be included in this announcement. As previously advised, Stockland’s Distribution Reinvestment Plan (DRP) will not operate for this period.


Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s