Stockland announces estimated distribution for FY18

Stockland today announced an estimated distribution for the six months to 30 June 2018 of 13.5 cents per Ordinary Stapled Security. This equates to a full year distribution payment of 26.5 cents per Ordinary Stapled Security, in line with guidance previously issued by Stockland.

The Record Date for determining entitlement to the full year distribution is Friday, 29 June 2018. The distribution payment will be made on Friday, 31 August 2018.

The announcement of Stockland’s full year financial results and lodgement of Appendix 4E will be made on Thursday, 23 August 2018. This announcement will include exact details of the distribution rate.

As previously advised, Stockland’s Distribution Reinvestment Plan (DRP) will not operate for this period.