Stockland (SGP) AGM 2025 summary

Opening remarks and agenda

• Acknowledgement of traditional custodians and explanation of hybrid meeting procedures for both in-person and online participation.

• Voting and Q&A protocols outlined, with polls open for resolutions and questions moderated for relevance.

Board and executive committee updates

• Introduction of all directors, including new appointees Chris Lawton and Penny Winn, both standing for election.

• Retirement of Stephen Newton after nine years of service, with recognition of his contributions.

Financial performance review

• Statutory profit for FY 2025 was $826 million, up from $305 million in FY 2024, aided by a $197 million net investment property revaluation.

• Funds from operations reached $808 million ($0.339 per security), at the top end of guidance.

• Full-year distribution was $0.252 per security, with a payout ratio of 75% of funds from operations.

• Gearing at year-end was 25.2%, providing capacity for strategic investments.