• Statutory profit of $826m, up from $305m in FY24
• Post-tax Funds From Operations (FFO) of $808m, up 2.8%
• Established three new capital partnerships in Logistics and Data Centres

Stockland (ASX: SGP) delivered a strong financial and operational result in FY25, reflecting a material lift in settlement volumes from masterplanned communities, higher development fee income, and strong performance from the logistics portfolio. The company's statutory profit was $826m, compared with $305m in FY24, with the result including a positive net investment property revaluation movement of $197m. Funds from Operations (FFO) was $808m, up 2.8% on FY24, with FFO per security of 33.9 cents at the top end of the guidance range. The result reflects a strong contribution from Masterplanned Communities (MPC) and growing fee income from partnerships across MPC, Commercial Development and Land Lease (LLC). Stockland made significant progress in positioning the business for sustainable growth, including the successful integration of 12 active masterplanned communities, the addition of three new capital partnerships in Logistics and Data Centres, further asset recycling, and the addition of future opportunities in the residential, logistics and data centre sectors. The company expects strong earnings growth in FY26, with FFO per security guidance of 36.0 to 37.0 cents.

FY26 FFO per security of between 36.0 and 37.0 cents, with a slightly smaller weighting to 2H than FY25. FY26 distribution per security expected to be 25.2 cents per security, in line with FY25.

Stockland has positioned the business for a step-change increase in production from FY26, providing more housing solutions in an undersupplied market. The company has also established multiple drivers of sustainable growth in future periods, including capital efficient, longer-term residential and logistics projects secured during FY25.