• Funds From Operations (FFO) up 29.5% to $325m
• FFO per security up 28.6% to 13.5c
• Statutory profit of $292m, up 19.3% on 1H25

Stockland has reported a strong set of 1H26 results, with Funds From Operations (FFO) up 29.5% to $325m and FFO per security up 28.6% to 13.5c. The company also delivered a statutory profit of $292m, up 19.3% on the prior corresponding period. The results were driven by strong operational performance and new project completions across the Investment Management and Development segments, offset by prior period asset transfers into partnerships and disposals. The company's development pipeline is now valued at around $59bn, with the company targeting around 9,000 residential settlements in FY26. Stockland has also achieved its net zero scope 1 and 2 emissions target, with a scalable renewable energy model driving commercially sustainable decarbonisation. The company's capital management remains disciplined, with substantial available liquidity of around $2.1bn and gearing expected to move towards the midpoint of the 20-30% target range.

Stockland expects its FY26 distribution per security to be 25.2 cents, in line with FY25.