Stockland Corporation Limited (ASX:SGP) Announces 1H25 Financial Results
Financial Performance
Stockland Corporation Limited reported a consolidated EBIT of $363 million for the first half of 2025, marking a 7.2% decrease from $391 million in 1H24. Funds from operations declined by 5.6% to $251 million. Development EBIT fell by 10.3% to $70 million, while Investment Management EBIT decreased by 6.4% to $29 million.
Investment Management
The Investment Management segment employed $10.4 billion in net funds, with assets allocated to Logistics, Workplace, Town Centres, Masterplanned Communities, and Land Lease Communities. The segment maintained a high occupancy rate of 97.3% with a weighted average lease expiry of 3.2 years.
Development
Development activities settled 1,974 lots in 1H25, a 22.3% increase from the previous year. Total development revenue rose by 8.9% to $532 million, while development EBIT decreased by 6.9% to $106 million. The development pipeline remains strong with $8.9 billion in active projects.
Portfolio Highlights
Stockland’s diversified portfolio comprises Town Centres (31%), Workplace (20%), Logistics (12%), Masterplanned Communities (8%), and Land Lease Communities (8%) with a total net funds employed of $10.4 billion. The portfolio is well-distributed across NSW, QLD, VIC, and WA, ensuring a balanced investment approach.
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.