Stockland 1Q27 Operational Update
Key points
- Residential sales moderated due to market conditions
- Land Lease net sales achieved 206, with strong contract visibility
- Data Centre platform identified with 450MW of power secured
Full summary
Stockland's 1Q27 Operational Update highlights moderated residential sales performance due to market conditions. Land Lease net sales achieved 206, with strong contract visibility for FY27. The Data Centre platform identified with 450MW of power secured, with additional sites progressing. The residential sector saw a moderation of demand in Queensland, more balanced conditions in Western Australia, affordability constraints in New South Wales, and a relatively stable market in Victoria. The company expects FY27 FFO per security to be between 38.0 - 39.0 cents, with a distribution per security of 25.2 cents, in line with FY26. Masterplanned Communities (MPC) settlements are targeted at 7,300-8,300 lots, and Land Lease (LLC) settlements at 850-950 homes.
Guidance
FY27 FFO per security: 38.0 - 39.0 cents, Distribution per security: 25.2 cents
Outlook
Stockland maintains FY27 guidance and targets, subject to no material change in market conditions.
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