Stockland (SGP) Q3 2026 earnings summary

Executive summary

• Finalised a 50/50 partnership with EdgeConneX to develop, own, and operate Australian data centres.

• Established a land lease partnership with M&G Real Estate, seeded with two Victorian communities.

• Maintained strong operational performance and positive leasing spreads across all sectors.

Financial highlights

• FY26 FFO per security guidance maintained at 36.0–37.0 cents.

• FY26 distribution per security expected at 25.2 cents, consistent with FY25 and within payout ratio range.

• Gearing at 30 June 2026 expected to move towards the midpoint of the 20–30% target range.

• Issued $400m, 7.5-year Medium Term Note in April 2026.

Outlook and guidance

• Targeting FY26 Masterplanned Communities settlements of 7,500–8,500 lots with operating profit margin in the low 20% range.

• Land Lease Communities settlements targeted at 700–800 homes with similar margin.

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