Aussie real estate developer Stockland jumps to 17-year high on FY25 profit surge

Stockland

20/08/2025 01:42

** Stockland Corp SGP.AX jumps as much as 8.2% to A$6.190, highest since May 16, 2008

** Stock marks biggest one-day pct gain since May 2020; among top pct gainers on ASX 200 .AXJO

** Real estate developer and manager posts FY25 net profit of A$826 mln ($532.7 mln) vs year-ago A$305 mln

** FY25 funds from operation (FFO) of 33.9 AU cents/share above Visible Alpha consensus of 33.34 AU cents

** Sees FY26 FFO at 36-37 AU cents; midpoint slightly below VA consensus of 36.69 AU

** SGP last up 6.6%, takes YTD gains to 26.7%

($1 = A$1.5506)

 (Reporting by Sameer Manekar in Bengaluru)

 ((Sameer.Manekar@thomsonreuters.com;))