News: SGP Stockland Corporation Says FY24 FFO Per Security Guidance Maintained

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    Oct 16 (Reuters) - Stockland Corporation Ltd (SGP) :

    • FY24 FFO PER SECURITY GUIDANCE IS MAINTAINED AT 34.5 TO 35.5 AU CENTS ON A PRE-TAX BASIS
    • DISTRIBUTION PER SECURITY FOR FULL YEAR IS EXPECTED TO BE WITHIN TARGET PAYOUT RATIO OF 75% TO 85% OF POST-TAX FFO
    • THERE WILL BE A LARGER GROUP FFO SKEW TO 2H THAN IN FY23
    • TAX EXPENSE IN FY24 IS EXPECTED TO BE HIGH SINGLE-DIGIT PERCENTAGE OF PRE-TAX GROUP FFO
    • GEARING LEVELS EXPECTED TO INCREASE BY DECEMBER 2023
 
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Change
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