Stockland Corporation Limited is a diversified Australian property development company. It has business in shopping centres, housing estates, industrial estates and retirement villages. “Stockland has two key divisions: communities and commercial property. In its commercial property area, rent collections have been rising driven by a rise in foot traffic and hence specialty sales growth,” Julia said.
“While retail leasing price outlook remains soft, it’s the residential part of its business driving outperformance.
Residential settlement guidance was lifted from 6000 to 6300 and while full year guidance was unchanged, the commentary was positive.
“With part of residential earnings shifting into the next financial year and retail recovering, both this and next financial years should be strong ones,” Julia added.
Source: Google
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