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Stockland ( (AU:SGP) ) has provided an announcement.
Stockland reported a statutory profit of $245 million for the first half of fiscal year 2025, showing strong execution of its strategic goals despite a 5.6% decrease in pre- and post-tax Funds From Operations (FFO). The company has made significant strides in expanding its portfolio, with a strategic acquisition of 12 masterplanned communities and new partnerships in the logistics sector, poised to drive future growth. Stockland’s development pipeline is progressing with new residential and logistics projects, positioning the company favorably in the market.
More about Stockland
Stockland Corporation Ltd is a diversified property development company operating across Australia. The company primarily focuses on residential communities, logistics, town centers, and data centers, offering a broad range of real estate solutions. Stockland is actively involved in strategic acquisitions and partnerships to expand its market reach and strengthen its logistics and residential platforms.
YTD Price Performance: 10.42%
Average Trading Volume: 8,713
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $8.18B
For detailed information about SGP stock, go to TipRanks’ Stock Analysis page.
