Stockland FY25 Results Annexure

• Stockland is one of Australia's largest diversified property groups with a portfolio of $14.6 billion
• Stockland has set strategic targets for FY25 including capital allocation, income mix, returns on invested capital, and capital structure
• Stockland's Funds from Operations (FFO) increased by 2.8% to $808 million in FY25

Stockland has released its FY25 results annexure, providing a comprehensive overview of the company's financial performance and strategic positioning. As one of Australia's largest diversified property groups, Stockland has a portfolio valued at $14.6 billion, comprising investments in town centres, logistics, workplace, masterplanned communities, and land lease communities. The company has set strategic targets for FY25, including a capital allocation of 30-50% to logistics and workplace, 20-35% to residential, and 20-30% to town centres. Stockland aims to maintain a 60-80% payout ratio of Funds from Operations (FFO) and a gearing ratio of 20-30%. In FY25, Stockland reported a 2.8% increase in FFO to $808 million, driven by strong performance across its business segments. The company's statutory profit increased by 170.6% to $826 million, reflecting positive revaluation movements and other adjustments. Stockland's investment management and development activities contributed $578 million and $571 million, respectively, to the company's EBIT. The company also provided an update on its debt and hedging profile, with a well-diversified debt maturity schedule and an average hedge rate of 3.6% as of FY25. Stockland's outlook remains positive, with the company well-positioned to capitalize on growth opportunities across its diversified portfolio.