Stockland 3Q26 Operational Update
| Stock | Stockland (SGP.ASX) |
|---|---|
| Release Time | 30 Apr 2026, 8:38 a.m. |
| Price Sensitive | Yes |
Stockland 3Q26 Operational Update
- Finalised partnership to develop data centres; obtained approvals for land lease partnership
- Strong operational performance across all sectors with positive leasing spreads
- Continued sales momentum for masterplanned communities and land lease communities
Stockland (ASX: SGP) has released its operational update for the three months ended 31 March 2026. Key highlights include:- Finalised contractual negotiations to establish the Stockland EdgeConneX 50/50 partnership to develop, own and operate an Australian portfolio of data centres. Also obtained final regulatory approvals to establish the Stockland M&G Land Lease Partnership with M&G Real Estate, seeded with two Victorian land lease communities.- Maintained strong operational performance across all sectors, with positive leasing spreads and continued leasing demand. Completed major commercial developments at Stockland Momenta, NSW and Cranbourne West Distribution Centre, VIC.- Continued sales momentum for Masterplanned Communities (+43% vs 3Q25) and Land Lease Communities (+162% vs 3Q25). MPC settlements and contracts on hand provide good visibility for FY26, while LLC contracts on hand are at record levels.- Maintained FY26 FFO per security guidance of 36.0-37.0 cents and FY26 distribution per security of 25.2 cents. Residential volume targets for MPC (7,500-8,500 lots) and LLC (700-800 homes) also unchanged.- Closely monitoring potential impacts from heightened geopolitical and macro volatility, with all forward-looking statements subject to no material change in market conditions.
FY26 FFO per security guidance of 36.0-37.0 cents and FY26 distribution per security of 25.2 cents. Residential volume targets for Masterplanned Communities (7,500-8,500 lots) and Land Lease Communities (700-800 homes) also unchanged.
Stockland is closely monitoring potential impacts from heightened geopolitical and macro volatility on transactions, supply chains and consumer behaviour. All forward-looking statements, including FY26 earnings guidance, remain subject to no material change in market conditions.