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.


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