Stockland lifts earnings guidance

Stockland Hervey BayProperty group Stockland has lifted its full year earnings guidance slightly thanks to strong retail sales growth from its shopping centres.

Stockland now expects to record earnings per share growth of between 7.0 and 7.5 per cent for the 2014/15 financial year, which is a slight improvement on its previous guidance for 6.75 to 7.5 per cent growth.

Specialty sales from across Stockland’s retail arm were up 4.9 per cent during the three months to March 31, while deposits in its residential business were at a five year high for the year to date.

AAP

Comments

Comment Manually

I have read and agree to the Terms and Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inside Retail Polls

Does your retail business have a loyalty program?
Vote

Twitter

A post-election bump in confidence seems to have waned over the month of June, with #retail continuing GFC-level co… https://t.co/ZcUudSV1Wr

1 week ago

Franchisor #RetailFoodGroup has revealed a potential $160m recapitalisation with investment firm Soliton Capital Pa… https://t.co/gF05UyZP1m

1 week ago

Getting in on the growing trend of retailers expanding into kids categories, @Freedom_Au is launching a new range o… https://t.co/ALrRYYlHG5

2 weeks ago
x

SUBSCRIBE
FREE NEWS BRIEFS Get breaking news delivered