Stockland Corp Ltd
Company Profile
Business description
Stockland is Australia’s largest housing developer, and this division generates about 40% of the group’s funds-from-operations. Near two thirds comes from commercial property, about half of which is retail. It also has a growing land-lease business. The mix is evolving. Earnings from the residential development division are volatile though we expect volumes and margins to improve over the next five years, after a challenging 2023 where interest rate rises caused house price falls. In commercial property the group is trimming retail and adding office and industrial via acquisitions and developments. Stockland-stapled securities comprise one share in the corporation that largely operates developments and one unit in a trust that holds the property portfolio.
Contact
133 Castlereagh Street
Level 25
SydneyNSW2000
AUST: +61 290352000
Sector
Real Estate
Stock type
Cyclical
Industry
REIT - Diversified
Fiscal Year End
30 June 2025
Employees
1,600
Morningstar Investment Ideas
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