Stockland reports $892M FY26 funds from operations
- Stockland recorded a 10.4% increase in full-year funds from operations to $892 million.
- The development segment drove financial growth by generating $540 million from higher property settlement volumes.
- The company stated that active development pipelines and strategic partnerships are expected to support future expansion.
Stockland (ASX:SGP) reported a 10.4% increase in full-year funds from operations to $892 million compared to $808 million in FY25. The financial result reached the upper limit of previous company guidance.
Statutory profit was up 20.2% and includes a positive net investment property revaluation movement of $202 million.
"We grew sales by 53% across our Masterplanned Communities and land lease platforms, delivering more affordably priced housing solutions for Australians," stated Managing Director and CEO Tarun Gupta.
The development segment generated $540 million, driven by 8,902 lot settlements across various master-planned communities, while the investment management segment delivered FFO of $606 million.
Stockland finished FY26 with gearing at 22.7%, down from 28.1% at Dec. 31, 2025, and within the group’s target range of 20% to 30%.
The distribution for FY26 is 25.2 cents per security post-tax, in line with FY25.
Management stated that fiscal 2027 earnings are projected to reach between 38 and 39 cents per security. FY27 distribution per security is expected to be 25.2 cents, in line with FY26.
Following the announcement, the Stockland share price was down at $4.05.
The diversified property group manages a national portfolio spanning residential communities, logistics sites, and retail centres.
