BUZZ-Australia's Stockland Corp extends gains to hit over 17-year high on reaffirming outlook

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BUZZ-Australia's Stockland Corp extends gains to hit over 17-year high on reaffirming outlook

Reuters2025-10-17

BUZZ-Australia's <a href="https://laohu8.com/S/STKAF">Stockland</a> Corp extends gains to hit over 17-year high on reaffirming outlook

** Shares of Australia's Stockland Corp SGP.AX extend gains, rising as much as 1.9% to A$6.55, their highest level since May 12, 2008

** Connected communities creator reaffirms forecast of FY26 distribution per security of 25.2 Australian cents

** Says gearing levels expected to increase by December 31 due to capital deployment and settlement

** Stock on track to log a weekly gain of more than 4%

** SGP up 35.5% YTD

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com))

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