Stockland on track to deliver FY19 guidance

Company News

by Anna Napoli

Stockland (ASX:SGP) has provided a 1Q19 market update and says it is still on track to deliver over 6000 settlements in financial year 19.

The Australian property company announced 4.3 per cent growth in comparable specialty sales for the quarter when compared to the same time last year.

The company says its on track to deliver profit in line with its guidance for financial year 19.

Stockland expects to deliver funds from operations per security growth of of 5-7 per cent for the full year.

The company is targeting a dividend of 27.6 cents, representing 4 per cent growth on this year.

Shares in Stockland (ASX:SGP)  are trading 0.3 per cent higher at $3.88

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.