Australia's Stockland Corp extends gains to hit over 17-year high on reaffirming outlook

Stockland

17/10/2025 01:43

** Shares of Australia's Stockland Corp SGP.AX extend gains, rising as much as 1.9% to A$6.55, their highest level since May 12, 2008

** Connected communities creator reaffirms forecast of FY26 distribution per security of 25.2 Australian cents

** Says gearing levels expected to increase by December 31 due to capital deployment and settlement

** Stock on track to log a weekly gain of more than 4%

** SGP up 35.5% YTD

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com))