![]() "While macroeconomic conditions remain uncertain, the underlying performance of our business segments give us good visibility for the year ahead," said Chief Executive Tarun Gupta. Stockland also forecast a distribution per security within its target payout ratio of 75% to 85% of funds from operations after tax. The company said the amount of tax is likely to be in the range of 5-10% of funds from operations. Providing guidance for fiscal 2023, Stockland said it expected funds from operations per security of between 36.4 cents and 37.4 cents before accounting for tax. Stockland told investors late last month it expected funds from operations per security at the top end of a 35.1-35.6 cents guidance range. ![]() On a per security basis, funds from operations rose by 7.9% to 35.7 Australian cents, from 33.1 cents in fiscal 2021. Annual funds from operations, the company's preferred measure of ongoing operating profits, rose by 8% to A$851 million. Stockland reported a net profit of 1.38 billion Australian dollars (US$954 million) in the 12 months through June, compared to A$1.11 billion a year earlier.
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