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Stockland (Stockland) Balance Sheet Cash And Cash Equivalents


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Stockland (Stockland) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Stockland Corp Ltd (OTCPK:STKAF) » Definitions » Balance Sheet Cash And Cash Equivalents
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133 Castlereagh Street, Level 25, Sydney, NSW, AUS, 2000
Stockland is Australia's largest housing developer, and this division generates about a third of the group's funds-from-operations. Nearly two thirds comes from commercial property, about half of which is retail. It also has a growing land-lease business. The mix is evolving. Earnings from the residential development division are volatile though we expect volumes and margins to improve over the next five years, after a challenging 2023 where interest rate rises caused house price falls. In commercial property the group is trimming retail and adding office and industrial via acquisitions and developments. Stockland-stapled securities comprise one share in the corporation that largely operates developments and one unit in a trust that holds the property portfolio.