Stockland Corporation Ltd (ASX: SGP) has reported a steady 3Q26 operational performance, underpinned by strong residential and logistics activity, while reiterating its full‑year earnings and distribution guidance.
The group maintained FY26 funds from operations (FFO) per security guidance of 36.0–37.0 cents and expects a distribution of 25.2 cents per security, in line with FY25 and within its 60–80% payout ratio range.
Gearing at 30 June 2026 is forecast to move toward the midpoint of the 20–30% target range, supported by a $400 million 7.5‑year medium‑term note issued in April and what the company describes as a strong debt maturity and liquidity profile.
In development, Masterplanned Communities delivered net sales of 2,164 lots in the quarter, up 43% on the prior corresponding period, with 6,721 contracts on hand at prices above 1H26 settlements.
Land Lease Communities recorded a 162% year‑on‑year uplift to a record 317 net sales, with 802 contracts on hand and 16 active projects. Residential volume targets remain unchanged, with FY26 settlement goals of 7,500–8,500 MPC lots and 700–800 LLC homes, both targeting development operating margins in the low‑20% range.
The Investment Management portfolio continued to show resilient metrics.
Logistics reported around 310,000 square metres of leases executed year to date, re‑leasing spreads of 31.1% and 96.1% occupancy, while Town Centres delivered comparable specialty sales growth of 3.9%, 99.0% occupancy and occupancy costs of 15.1% on stable assets, supported by more than 70% exposure to essentials‑based categories.
Workplace occupancy remained lower at 86.7%, reflecting recent completions, though re‑leasing spreads were positive at 5.8%.
Management highlighted progress on its data‑centre strategy via a 50/50 EdgeConneX partnership and noted that all forward‑looking statements, including FY26 guidance, remain subject to no material change in macroeconomic or geopolitical conditions