Stockland Maintains Fiscal 2025 FFO Guidance; Shares Fall 3%

MT Newswires Live10-22

Stockland (ASX:SGP) maintained its guidance for funds from operations per security, on a post-tax basis, of AU$0.32 to AU$0.33 in fiscal 2025.

The guidance excluded any benefit from the acquisition of the 12 master planned communities (MPC) projects that remain subject to regulatory and other approvals, according to a Tuesday filing with the Australian bourse.

The diversified real estate group said it will update its fiscal 2025 guidance once it secures all relevant approvals related to the acquisition of the MPC projects.

Also, Stockland said its distribution per security is within its targeted payout ratio of 75% to 85% of post-tax FFO on a full-year basis.

Shares of the company were down 3% in recent trade.

Price (AUD): $5.22, Change: $-0.16, Percent Change: -2.89%

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