Stockland (AU:SGP) has released an update.
In the third quarter of 2024, Stockland showcased a robust operational performance with their Commercial Property portfolio achieving significant leasing spreads, particularly in Logistics at 42.0%. The company reported a persistent rise in sales across its Masterplanned and Land Lease Communities, buoyed by new project launches and a healthier established housing market. Stockland also maintained its financial guidance for FY24, expecting to keep its distribution per security within the targeted payout ratio.
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