Stockland (SGP) AGM 2026 summary

Opening remarks and agenda

• Hybrid AGM opened after quorum was confirmed; three resolutions were scheduled, with financial statements considered as a non-voting item.

• Security holders could ask questions and vote online or in person; teleconference participants could ask questions but could not vote by phone.

Financial performance review

• FY 2026 statutory profit was AUD 994m versus AUD 826m in FY 2025, including a positive AUD 202m net investment property revaluation; NTA per security rose to AUD 4.39 from AUD 4.22.

• FFO rose 10.4% YoY to AUD 892m, or AUD 0.369 per security, at the top end of guidance; full-year distribution was AUD 0.252 per security, flat YoY and a 69% FFO payout ratio.

• Investment management FFO was AUD 606m, up 2.6% YoY; comparable portfolio growth was 3.5%; development FFO was AUD 540m, up 17.3% YoY.

• Gearing was 22.7% at FY 2026 year-end; management expects the FY 2027 distribution to remain AUD 0.252 per security and maintained FY 2027 guidance and residential volume targets.

Board and executive committee updates

• Bob Johnston was set to become Chair at the close of the AGM; Tom Pockett concluded 12 years on the board, including 10 as Chair, while Andrew Stevens retired after nine years.

• Kate McKenzie stood for re-election; she cited board and committee service spanning sustainability, nominations, and risk, and experience in governance, transformation, and technology.

• The board was recruiting another female director and expected women to comprise 50% of the board by the next AGM.

• Jamie Wills was selected as the next lead audit partner after PwC presented candidates for board consideration; lead partners rotate every five years, and Wills was not involved in the FY 2025 audit.