Stockland (ASX:SGP) maintains FFO guidance

19Feb

Stockland (ASX:SGP) maintains FFO guidance

 

Stockland (ASX:SGP) has announced statutory profit rose 68.1 per cent to $504 million for the first half of 2020 when compared to the year earlier period. The rise comes on the back of $199 million of positive net revaluations.

Funds from operations (FFO) of $384 million fell 5.6 per cent on 1H19 due to the expected second half skew.

Stockland reaffirmed its full-year funds from operations (FFO) guidance of 37.4 cents per security, after reporting a 2 per cent lift in total FFO on a comparable basis.

Looking forward Stockland says assuming no material change in market conditions in FY20, it remains on track to deliver around one per cent comparable FFO growth across its Commercial Property business.

Shares in Stockland (ASX:SGP) are trading 0.49 per cent higher at $5.13

Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

04Oct

Althea (ASX:AGH) sees record month for medical cannabis patient uptake

04 Oct 2019 - Medical cannabis producer, supplier and exporter Althea Group Holdings (ASX:AGH) has seen a record month for patient uptake in September.

Read More
17Feb

Stocks of the Hour: Woodside, Whitehaven Coal, CSL, Telstra, Wesfarmers, Crown Resorts

17 Feb 2022 - A snapshot of the stocks on the move featuring Woodside Petroleum (ASX:WPL), Whitehaven Coal (ASX:WHC), CSL (ASX:CSL), Telstra (ASX:TLS), Wesfarmers (ASX:WES), and Crown Resorts (ASX:CWN).

Read More
13Apr

IGO (ASX:IGO) secures $903m for stake in Tropicana Gold

13 Apr 2021 - Mining and exploration company IGO (AX:IGO) has accepted a $903 million bid from Gold miner Regis Resources (ASX:RRL) for a 30-per cent stake at the Tropicana Gold Project.

Read More
10Dec

Centuria Metropolitan REIT (ASX:CMA) to buy Canberra office building

10 Dec 2019 - Centuria Metropolitan REIT (ASX:CMA) has acquired the NewActon Nishi Building commercial office property in Canberra for $256 million.

Read More
02Oct

Mineral Resources to withdraw from the McIntosh JV

02 Oct 2019 - Mineral Resources (ASX:MIN) has notified Hexagon Resources (ASX:HXG) that they are withdrawing from the McIntosh Joint Venture (MJV) at the end of the month.

Read More
09Dec

The Beacon Lighting Group (ASX:BLX) sell distribution centre

09 Dec 2019 - The Beacon Lighting Group (ASX:BLX) have sold their Brisbane Distribution Centre and are winding up its Beacon Energy Solutions business.

Read More
14Jan

Imugene (ASX:IMU) receives US patent approval for HER-VAxx

14 Jan 2020 - Immuno-therapy company Imugene (ASX:IMU) has received the US patent for its HER-VAxx cancer treatment.

Read More
26Mar

Ramsay Health Care’s (ASX:RHC) facilities are being utiilised by the government

26 Mar 2020 - Ramsay Health Care (ASX:RHC) confirms that it is in discussions with Federal and State Governments in Australia regarding the capacity and support Ramsay is able to provide as part of the Government’s COVID-19 response.

Read More
05Nov

Nouryon Chemicals has awarded a Master Services Agreement to Worley (ASX:WOR)

05 Nov 2019 - Nouryon Chemicals B.V. has awarded a Master Services Agreement (MSA) to Worley (ASX:WOR) to provide engineering, procurement and construction management (EPCM) services.

Read More
17Sep

New Hope Group notches best full year profit before non regular items in company’s history

17 Sep 2019 - New Hope Group (ASX:NHC) has posted FY19 net profit before non regular items of 268 million (up 3 per cent on PCP)

Read More