Stockland (SGP) Q3 2025 earnings summary

Executive summary

• Finalised contractual negotiations for Waterloo Renewal Project, NSW, with consortium partners.

• Strategic priorities progressing across development, leasing, and capital management.

Financial highlights

• FY25 FFO per security guidance maintained at 33.0c–34.0c post-tax.

• FY25 distribution per security expected at ~75% of post-tax FFO.

• Gearing at 30 June 2025 expected to move toward midpoint of 20–30% target range.

Outlook and guidance

• FY25 settlements for Masterplanned Communities expected between 6,200–6,700 lots with operating profit margin in low 20% range.

• Land Lease Communities FY25 settlements revised to ~500 homes, also with low 20% margin.

• All forward-looking statements subject to no material change in market conditions.