Brief: Stockland Corporation Says FY24 FFO Per Security Guidance Maintained

Stockland

15/10/2023 23:27

Oct 16 (Reuters) - Stockland Corporation Ltd  SGP.AX :
    * FY24 FFO PER SECURITY GUIDANCE IS MAINTAINED AT 34.5 TO
35.5 AU
CENTS ON A PRE-TAX BASIS
    * DISTRIBUTION PER SECURITY FOR FULL YEAR IS EXPECTED TO BE
WITHIN
TARGET PAYOUT RATIO OF 75% TO 85% OF POST-TAX FFO
    * THERE WILL BE A LARGER GROUP FFO SKEW TO 2H THAN IN FY23
    * TAX EXPENSE IN FY24 IS EXPECTED TO BE  HIGH SINGLE-DIGIT
PERCENTAGE OF PRE-TAX GROUP FFO
    * GEARING LEVELS EXPECTED TO INCREASE BY DECEMBER 2023

Source text for Eikon:  ID:nASX4vSTRP 
Further company coverage:  SGP.AX 

 ((Reuters.Briefs@thomsonreuters.com;))