Our Performance

RESIDENTIAL

 RETIREMENT LIVING

OPERATING PROFIT

$336m ↑ 24.3%

OPERATING PROFIT

$53m   ↓ 16.7%

LOTS SETTLED

6,438

SETTLEMENTS - ESTABLISHED AND DEVELOPED

854

RESIDENT SATISFACTION

93% 

OCCUPANCY

95%

OPERATING PROFIT MARGIN

18.3% 

90%

RETURN ON ASSETS, CORE PORTFOLIO

22.0% 

CASH RETURN ON ASSETS

4.6%

FUNDS FROM OPERATIONS (FFO)

$428m ↑ 2.2%

Comparable FFO ↑ 1.3%

LOGISTICS FUNDS FROM OPERATIONS (FFO)

$152m   ↑ 6.2%

Comparable FFO  ↑ 6.0%

OCCUPANCY

99.4%

LOGISTICS OCCUPANCY 

98.7%

RETAILER SATISFACTION

72% - rated Top 2

LOGISTICS TENANT SATISFACTION

90%

WEIGHTED AVERAGE LEASE EXPIRY

6.3 years

LOGISTICS WEIGHTED AVERAGE LEASE EXPIRY

4.1 years

DEVELOPMENT UNDERWAY

~$500m  

LOGISTICS DEVELOPMENT PIPELINE

~$600m 

WORKPLACE FUNDS FROM OPERATIONS (FFO)

$54m  ↓ 9.6%

Comparable FFO  ↓ 2.0%

WORKPLACE OCCUPANCY

88.3%

82%

3.5 years

Ratings 

• Maintained S&P A-/stable credit rating for 17 years
• Moody's credit rating of A3

Gearing 

• 22.2% gearing remains within our target range of 20 - 30% 

Weighted average debt maturity  

• 6.2 years

Weighted average cost of debt  

• 5.2%

Return on equity (ROE)  

• 11.2%

Management restructure

• $8 million in gross savings per annum from FY20

Employee engagement

• Improved our employee engagement score to 83% - seven points above the Australian norm

Citation by Workplace Gender Equality Agency (WGEA)

• Employer of Choice for Women for fourth consecutive year

Global leadership in sustainability

• Tenth year listed on the World Dow Jones Sustainability Index
• Global Real Estate Sector Benchmark (GRESB) Global Sector Leader for Diversified - Listed - Retail/Office 
• CDP A List, only Australian company recognised by CDP for leading global climate performance

Climate change and energy efficiency

• 5% reduction in carbon intensity of our Commercial Property portfolio (52% reduction since FY06)
• Increased total investment in solar to $30 million, exceeding 10% return over 10 years

Biodiversity

• Worked to rehabilitate and restore 204 hectares of biodiversity, and will have protected around 2,202 hectares of land upon completion of our current residential developments

Water management and quality

• Reduced water intensity of our Retail Town Centre and Workplace and Business Park assets by 5% and 11% respectively

Waste and materials management

• 89% and 94% waste diversion rates for our Commercial Property developments and Residential developments respectively

Health and wellbeing

• Residential community national liveability score of 78%
• Resident satisfaction across our Residential communities is 93%
• Residential community resident personal wellbeing index (PWI) score of 77%, above the national average
• Retirement Living resident PWI score of 82%, well above the national average

Community connection

• $7.7 million invested in community initiatives across Australia
• 308 local organisations awarded over $560,000 in total as grants to our communities
• Six new inclusive playspaces developed with the Touched by Olivia Foundation

Education and prosperity

• Final year of Green Hills Connectivity Centre project placing over 180 people in local employment
• Determined that our Retirement Living portfolio generates $1.66 in social value for every $1 invested by our business
• Over 2,200 people attended Jamie's Ministry of Food classes at Stockland assets
• 479 students benefited from Stockland mentoring through the Australian Business and Community Network 
• Over 11,000 primary school students engaged in STEAM programming through our partnership with the National Theatre for Children

Employee engagement, development, diversity, and inclusion

• 83% employee engagement score, 7% higher than Australian National Norm
• 80% of employees have flexible work arrangements
• 45.1% women in management, 39.7% in senior management

• Corporate Lost Time Injury Frequency Rate (LTIFR) of 1.6, our lowest rate in seven years

Supply chain management

• Delivered our Sights on Safety program focused on reducing injuries at worksites
• Expanded Mates In Construction training to enhance awareness of mental health at our worksites

Stakeholder engagement

• Substantially progressed or completed 49 actions in our Reconciliation Action Plan
• Procured over $3.2 million from indigenous suppliers since 2014
• Completed a human rights risk review, enhancing our capacity to address modern slavery in our supply chain