SYDNEY, Feb 22 (Reuters) - Australian diversified real estate investment trust Stockland Corp Ltd (SGP) posted a 7.8 percent rise in underlying earnings after record turnover in its residential business, especially from the booming east coast.
Stockland said funds from operations rose 7.8 percent to A$369 million ($283.4 million). The company said it was tracking toward the upper end of its guidance for FFO growth per security of 5-7 percent.
The company said funds from operations replaces underlying profit as its primary earnings metric.
Stockland also announced an interim dividend of 12.6 cents, higher than 12.2 cents a year ago. ($1 = 1.3023 Australian dollars)
News: SGP Australia's Stockland says earnings rise on strong home price growth
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$5.15 |
Change
0.000(0.00%) |
Mkt cap ! $12.74B | |||
| Open | High | Low | Value | Volume |
| $5.17 | $5.21 | $5.12 | $37.27M | 7.228M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 311570 | $5.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.16 | 16163 | 2 |
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| SGP (ASX) Chart |
