Stockland on track to meet guidance
The company said its earnings guidance will be for “approximately 6.5 per cent growth” in Funds From Operations (FFO) per security, at the top from the previous guidance range of 5 to 6.5 per cent.
“This reflects continued growth in Stockland’s market-leading residential business, with approximately 6,400 settlements completed in the year to June 2018,” the property development company said in a statement.
Stockland said it “reaffirms the estimated distribution for the six month period to 30 June 2018 of 13.5 cents per ordinary stapled security.”
The full year results will be out in mid August.
Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.
Inside Retail Polls
Aligning your brand with a social or environmental cause that you and your customers truly care about is very good… https://t.co/r2IiOojtmc1 day ago
How underpayments could lead to an overhaul in industrial relations. https://t.co/Ux3Mbd09Yh2 days ago