SYDNEY, Feb 22 (Reuters) - Australian diversified real estate investment trust Stockland Corp Ltd (SGP) posted a 7.8 percent rise in underlying earnings after record turnover in its residential business, especially from the booming east coast.
Stockland said funds from operations rose 7.8 percent to A$369 million ($283.4 million). The company said it was tracking toward the upper end of its guidance for FFO growth per security of 5-7 percent.
The company said funds from operations replaces underlying profit as its primary earnings metric.
Stockland also announced an interim dividend of 12.6 cents, higher than 12.2 cents a year ago. ($1 = 1.3023 Australian dollars)
News: SGP Australia's Stockland says earnings rise on strong home price growth
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Last
$6.40 |
Change
0.060(0.95%) |
Mkt cap ! $15.35B | |||
| Open | High | Low | Value | Volume |
| $6.28 | $6.43 | $6.28 | $52.83M | 8.318M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 19342 | $6.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.42 | 873 | 1 |
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| Last trade - 16.10pm 22/08/2025 (20 minute delay) ? |
| SGP (ASX) Chart |