First Impressions on Stockland (SGP) - Delivers a strong FY15 result
Stockland's funds from operations per security were up 13% to 28.0 cents, NTA was up 4.2% to $3.68 (current price $4.21). Commercial Property comparative growth: Retail was up 4.2%, Logistics up 3.1%, Office up 6.4%. Commercial Property underlying profit up 4% to $517m, Residential underlying profit up 73.5% to $166m and Retirement. Living up 19.9% to $48m, Retail occupancy 99.5%, Logistics occupancy 94.3% and Office occupancy 95.4%. Read the full summary here: (VIEW LINK) Full research report available tomorrow exclusively to Bell Potter clients.
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Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
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