News: SGP Stockland corporation sees FY18 FFO growth of 2-3 percent

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    Aug 16 (Reuters) - Stockland Corporation Ltd (SGP)

    • 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
 
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