Stockland (ASX:SGP) Announces H1 2025 Financial Results
Financial Performance
Stockland reported revenue from ordinary activities increased by 8.5% to $1,013 million for the half-year ended 31 December 2024, accompanied by a significant rise in net profit after tax attributable to securityholders of 140.5%, reaching $245 million. Funds from operations attributable to securityholders, however, decreased by 5.6% to $251 million.
Dividends and Distributions
The company declared an interim distribution of 8.0 cents per security, with the record date on 31 December 2024 and payment scheduled for 28 February 2025.
Outlook
Stockland expects FY25 FFO per security to range between 33 and 34 cents on a post-tax basis, with the FY25 distribution per security anticipated to be around 75% of post-tax FFO.
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