Diversified property giant Stockland (ASX:SGP) has delivered a robust financial performance for the first half of the 2026 fiscal year, headlined by a significant jump in statutory profit to $292 million.
The results, covering the six months ended Dec. 31, 2025, reflect what leadership describes as "disciplined execution" amid a high-volume period for residential settlements.
The group’s post-tax funds from operations grew by 29.5% to $325 million, or 13.5 cents per security.
The growth was largely propelled by a stellar performance in the development division, where FFO skyrocketed to $106 million—nearly triple the $36 million recorded in the prior year.
This was underpinned by a 60% increase in Masterplanned Communities settlements, totaling 3,168 lots.
Management expressed confidence in the housing market by reaffirming full-year settlement targets of 7,500 to 8,500 lots.
Beyond residential, Stockland’s Investment Management arm remained a steady engine, contributing $296 million to FFO.
The logistics portfolio showed particular strength with a 32.0% re-leasing spread and a near-perfect occupancy rate of 96.8%.
The company is pivoting toward digital infrastructure, securing power for approximately 350MW of data centre development in Victoria through a partnership with EdgeConneX.
Stockland maintained a healthy balance sheet with gearing at 28.1%, comfortably within its target range. Investors will receive a half-year distribution of 9 cents per security.
Stockland issued FY26 guidance for FFO per security between 36 and 37 cents, signaling a steady trajectory for the remainder of the year.