Stockland (ASX:SGP) today provided the market with details of its updated strategy which will dynamically reshape its portfolio, accelerate delivery of its core business, scale capital partnerships which in turn will deliver sustainable long term growth.
Managing Director and CEO, Tarun Gupta said: “As a leading creator and curator of connected communities, our strategy is designed to build on Stockland’s strong platform and to capitalise on structural long term trends including urbanisation and urban renewal; growth in institutional capital; digital acceleration and the continued momentum in ESG.
“Our focus is on using our specialist end to end, multi sector capability to create value at each stage of the real estate life cycle.”
Stockland’s strategy is built around three key priorities:
Executing on these three strategic priorities will improve the quality of Stockland’s portfolio. This will drive sustainable long term growth underpinned by customer excellence, digital innovation, recognition as a preferred employer and developer of real estate talent and ESG leadership.
Stockland’s strategy is supported by the following indicative five-year targets:
Tarun Gupta said: “This strategy builds on our strengths and reweights our business towards sectors underpinned by long term trends and targets third party capital to create new, recurring income streams and drive higher return on capital, while maintaining a strong balance sheet.
“We are starting from a position of financial strength with diversified sources of capital, high investment grade credit ratings, strong operating cash flows and a competitive cost of debt.
“With key senior appointments already in place, we are moving at pace and with conviction to deliver on our priorities. I am confident we have the right strategy, capabilities and culture to grow Stockland in a way that delivers for all our stakeholders.”
 Total development pipeline includes projects in early planning stages, projects with planning approval and projects under construction across both Commercial Property and Communities business.
 Forecast value on completion.
 All forward looking statements are based on current expectations about future events and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from the expectations expressed or implied from such statements.