Stockland tightens guidance

Company News

by Anna Napoli

Last Movement
$4.390 -$0.034 -0.77%
Data Source:
Last Updated: 19/06/2019 3:28 PM

Stockland (ASX:SGP) has announced that its annual funds from operations will be at the top of its previous guidance range of 5 to 6.5 per cent.

The property development company says the positive figures reflect growth in Stockland’s market-leading residential business.

Around 6400 settlements have been completed in the year to June 2018.

Stockland has reaffirmed the estimated distribution for the six month period to 13 and a half cents per ordinary stapled security.

Shares in Stockland (ASX:SGP) closed flat at $4.02 yesterday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.