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