Media Release
Stockland tightens guidance range
10 July 2018
Stockland (ASX:SGP) today announced that it has tightened its earnings guidance to approximately 6.5% growth in FFO per security for the June 2018 financial year. This is at the top end of its previous guidance range of 5-6.5%.
This reflects continued growth in Stockland’s market-leading residential business, with approximately 6,400 settlements completed in the year to June 2018.
Stockland reaffirms the estimated distribution for the six month period to 30 June 2018 of 13.5 cents per ordinary stapled security.