Stockland Corporation Limited (ASX:SGP) says it is on track to achieve its guidance after making good progress in restructuring the business over the last year.
The property developer reaffirmed guidance of four per cent to six per cent earnings per security growth in fiscal 2014.
The group expects profit to be skewed towards the second half and driven primarily by residential and retirement living settlements.
Stockland maintained its outlook for a distribution of 24 cents per security, saying its forecasts assume no material decline in market conditions.
Stockland generated a net profit of $104.6 million in fiscal 2013.
SGP Price at posting:
$3.82 Sentiment: None Disclosure: Held
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