• Diversified property group Stockland reports 1H25 results
• Funds from operations (FFO) of $251m, down 5.6% on prior period
• Statutory profit of $245m, up 140.5% on prior period

Stockland, one of Australia's largest diversified property groups, has reported its 1H25 results. The company's funds from operations (FFO) was $251 million, down 5.6% from the prior period, while statutory profit increased 140.5% to $245 million. The results reflect Stockland's diversified portfolio, with contributions from its Investment Management and Development segments. Investment Management EBIT was $293 million, down 6.4%, while Development EBIT was $70 million, down 10.3%. The company's strategic targets include a focus on Logistics and Workplace (40% of capital allocation), Residential (28%), and Town Centres (31%), with a target income mix of 60% recurring and 40% development.Stockland's balance sheet remains strong, with gearing of 27.9% and look-through gearing of 28.6%. The company has a well-managed debt maturity profile and interest rate hedge position. In the Investment Management portfolio, the Logistics business performed well with 97.3% occupancy and a weighted average lease expiry (WALE) of 3.2 years. The Workplace portfolio saw occupancy of 89.7% and a WALE of 5.2 years. The Town Centres business maintained a diversified, non-discretionary tenant mix, with total retail sales growth of 2.0% in 1H25.Stockland's development pipeline remains active, with $1.3 billion in active projects, $1.8 billion in planning, and a $3.0 billion future wave of opportunities across Logistics, Workplace, and Mixed-use/Residential asset classes.