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Stockland ( (AU:SGP) ) has shared an announcement.
Stockland reported an 8.5% increase in revenue to $1,013 million and a significant 140.5% rise in net profit after tax to $245 million for the half year ended 31 December 2024. Despite a 5.6% decrease in funds from operations, the company’s financial performance highlights a robust period of growth. The company also announced an interim dividend, with a record date of 31 December 2024 and a payment date of 28 February 2025. The release notes that Stockland lost control over several entities during the period, which may impact its strategic positioning and operations moving forward.
More about Stockland
Stockland operates in the real estate sector, primarily focusing on property development and management. The company facilitates a joint quotation on the Australian Securities Exchange through a stapling arrangement that involves Stockland Corporation Limited and Stockland Trust.
YTD Price Performance: 10.42%
Average Trading Volume: 8,713
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $8.18B
Learn more about SGP stock on TipRanks’ Stock Analysis page.
