Australia's Stockland drops on lower funds from operations

Stockland

19/02/2025 24:15

** Shares of diversified real estate company Stockland
 SGP.AX  fall as much as 8.8% to A$4.9, last down 4.1%
    ** Stock set for biggest one-day pct decline since May 1,
2020
    ** Co posts lower interim funds from operations (FFO), down
5.6% Y/Y
    ** Five analysts rate the stock "buy" or higher, 3 "hold"
and 1 "sell"; their median PT is A$5.55 – LSEG
    ** Stock rose 7.9% in 2024

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com;))