Key Highlights

  • FY26 FFO increased 10.4% to AUD 892 million and FFO per security rose 9.1% to 36.9 cents.
  • The group reported 9,679 residential masterplanned and land-lease community settlements.
  • Its FY26 statutory profit was AUD 994 million, with net tangible assets of AUD 4.39 per security.

At the time of writing on 27 October 2026, Stockland (ASX:SGP) was trading at AUD 4.21, down 0.24% during the session. The company operates in the Australian listed property sector, with activities that include residential communities and commercial real estate. Its latest company presentation, dated 19 August 2026, sets out the operating and financial information discussed below. The intraday trading figure is separate from the reporting date.

Full-Year Financial Performance

Stockland presented FY26 results on 19 August 2026. Funds from operations reached AUD 892 million, 10.4% higher than FY25, while FFO per security rose 9.1% to 36.9 cents. The group reported a distribution of 25.2 cents per security, a 69% payout ratio, and statutory profit of AUD 994 million, up 20.2%. Net tangible assets increased 4.0% to AUD 4.39 per security. Gearing decreased to 22.7% from 25.2% a year earlier. The financial figures are rounded in the company presentation.

Residential Delivery and Development

The group reported 9,679 settlements across masterplanned communities and land-lease communities in FY26, described as a record. Sales across these activities increased 53%. Stockland also disclosed an 86,485-lot residential pipeline and an overall development pipeline estimated at AUD 61 billion, including projects at different planning and construction stages. The company stated that 84% of its masterplanned and land-lease communities pipeline was active, compared with 82% in June 2025. Development pipeline values are not the same as current-period revenue.

Portfolio and Capital Partnerships

Stockland recorded approximately AUD 0.7 billion of capital recycling into sectors targeted for growth. The group indicated that it had completed about AUD 0.8 billion and commenced approximately AUD 1.2 billion of commercial development projects on a 100% project basis. It disclosed about 450 MW of power secured for data centre development, subject to design, documentation and customer negotiations. Asset partnerships expanded across data centres, retail and land-lease communities, with three new capital partners reported.

Business Overview and Operating Model

Stockland owns, develops and manages communities and commercial property assets. Its activities cover residential masterplanned communities, land-lease developments, logistics, workplaces, retail assets and data centre opportunities. Development earnings depend on the timing of sales, construction and settlements, while investment properties and funds activity generate recurring income and fees. The group reported recurring return on invested capital of 7% and development return on invested capital of 17% for FY26.

Risks and Milestones to Monitor

Key operational variables include residential demand, planning decisions, settlement timing, construction costs and access to development funding. Capital partnerships and future data centre projects require separate agreements and delivery milestones. Stockland highlighted the expansion of its development pipeline and increased settlement count in its FY26 materials. Its stated priorities include portfolio optimisation, scaling partnerships and accelerating project delivery, all subject to market conditions and execution.

The company stated that combined management fee income increased across recent reporting years, supported by a broader capital partnership platform. Its commercial investment activities and residential settlement program operate on different timelines. The group also disclosed net zero Scope 1 and Scope 2 emissions achievement for FY26 under its stated reporting framework.

Key Insights

The Stockland disclosures provide a record of financial performance and named operating initiatives, while the AUD 4.21 quotation reflects the separate 27 October trading session. The next company update will determine which reported programs and guidance milestones have progressed.