Strong Balance SheetA robust equity position and prudent leverage provide financial resilience across property cycles. Healthy equity financing and solid ROE support land acquisitions, planning delays and phased development without heavy reliance on volatile external debt, preserving strategic optionality.
Improved Free Cash FlowMaterial improvement in free cash flow enhances liquidity to fund development, promote land or return capital. Stronger cash generation reduces refinancing needs, supports capital recycling and underpins operational stability through multi-quarter project cycles.
Strategic Portfolio RefocusDisposals and land sales sharpen focus on core development and investment activities, simplifying operations and freeing capital. A leaner portfolio can improve management focus, raise ROIC potential and lower execution complexity over several quarters.