Stockland shareholders approve director elections, remuneration report, strong FY25 performance

Stockland Corporation Limited announced that all resolutions presented at its 2025 annual general meeting and meeting of unitholders of Stockland Trust, held on October 16, 2025, were passed by the required majority. Shareholders approved the election of Chris Lawton and Penny Winn as directors, the remuneration report, and the grant of performance rights to the managing director. Proxy results indicated strong support for all resolutions, with "for" votes ranging from 94.49% to 98.59%.

Chairman Tom Pockett highlighted Stockland's strong FY25 financial performance, with a statutory profit of $826 million, up from $305 million in FY24, including a positive net investment property revaluation of $197 million. Funds from operations reached $808 million, or 33.9 cents per security, at the top end of guidance. The full-year distribution was 25.2 cents per security, representing a 75% payout ratio of funds from operations. The company also announced a revised distribution payout ratio target of 60% to 80% for FY26 to balance consistent cash distributions with capital reinvestment.

Managing director and CEO Tarun Gupta emphasized the company's strategic focus on Land Lease Communities, Master Planned Communities, and logistics, with significant growth opportunities secured. Stockland aims to increase production across these segments from FY26, leveraging a strong balance sheet and capital partnerships. The company also made progress towards its sustainability goals, including a near-term target of net zero scope 1 and 2 emissions by the end of 2025, and achieved over 6,800 settlements in its Master Planned Communities business, with 34% for first-home buyers.