SGP - Stockland Group

[sptrawler]

Hitting an interday high of $4.27 SGP is only a hairs breadth away from breaking through the resistance level of $4.28.

View attachment 60856

SGP is still out of sync with the likes of GPT. It remains to be seen as to whether SGP can push higher or fades in the new year after it goes ex-div on 29/12/14. As always do your own research and good luck.

Can't get excited about a company, that relies on shopping centres and real estate, in the current climate.

 

[rimtas]

in the current global economic conditions, it would take a huge lift in earnings and yield to see the share price rise to $6.00 in the next twelve (12) months.

Would love to hear from you about SGP earnings-are they rising in line with market? $5 mark will be reached in the weeks to come, and $6 I expect to see at the second half of the year. So I am just curious about fundamental aspects of the company, because technically it is streaming towards $6, at least. This year.

 

[nulla nulla]

Personally I believe that the recent surge above the $4.28 resistance levels is a result of the cheap global money working its' way into Australian yield shares combined with the drop in interest rates last month. The current levels are a spike similar to the May 2013 spike which followed the Japanese money printing exercise.



I'm looking for SGP to hit $5.00 this year and probably trade sideway with slow upward impetus providing plenty of trade opportunities however I still think earnings are too low to sustain a $6.00 share price this year.

 

[nulla nulla]

Sold down on large volumes on Monday, consolidated on even higher volumes on Tuesday, then climbed back on smaller volumes on Wednesday/Thursday, then got the heeby jeebies on Friday and gave a little bit back on low volumes.



The MACD chart shows a big gap down, it will be interesting to see whether the auction clearances around the country over the week end have any bouying effect on SGP on Monday?

 

[nulla nulla]

There was nothing to impress anyone on Monday, Tuesday and Wednesday with SGP except maybe that volumes were up on Wednesday. The Relative Strength charts showed that SGP appeared to be in "oversold" territory but the whole A-REIT sector had been pushed down on gloomy news earlier in the week so SGP seemed to be consistent with the rest of the market.

Then on Thursday SGP made some modest gains on higher than average volumes, consolidation perhaps. Friday trading early in the day appeared to be further consolidation at the Thursday levels, before a sudden flurry of buying before the market close pushed the share price up to $4.59-$4.60. Then kaboom, buyers pushed the SGP share price up a further 1.0% in the auction.



I wonder if SGP will test the recent $4.80 resistance level next week or retest the $4.40 support line? As always do your own research and good luck.

 

[notting]

Shows the Riets are a pretty standard play for safe yield.
Remember what to do in a month or two when the thing turns on the sniff of the FED thinking that perhaps the way things are is actually not the new normal.

 

[nulla nulla]

There hasn't been a lot of recent activity in this thread so I though it may be worthwhile throwing up a long term chart as well as a table comparing the share information over the past three or so years.

Disclaimer: The table information is taken from the A-REIT Tables posted previously. Accordingly if there were any errors in those tables then they have been repeated in this table.

 

[sptrawler]

Stockland had a massive 70% drop in profit, from last year, most can be attributed not to residential real estate but to shopping centres.

https://www.abc.net.au/news/2019-08...ession-hits-centres/11433972?section=business
The share price is back to $4.30, as a long term investment, it has to be looked on as a dividend play. IMO

 

[divs4ever]

Is Stockland Corporation (ASX: SGP) Too Expensive to Buy for the Dividends​

Is Stockland Corporation (ASX: SGP) Too Expensive to Buy for the Dividends

On a valuation basis Stockland Corporation stock appears expensive, but analysts are bullish on the company for the dividends.

thebull.com.au

i hold SGP ( and participate in the DRP )

 

[Dona Ferentes]

Is Stockland​

i hold SGP ( and participate in the DRP )

what are they?

• Diversified property group Stockland Corporation has assets in residential communities, town centres, and land lease and workplace properties.
• The company has a high P/E ratio but also a low P/B ratio
• Analysts are bullish on the stock for the dividends.

diworsification, I'd reckon. they're just asset recyclers, getting mugs on board to fund in the hope of yield.

 

[divs4ever]

well they haven't been spectacular for me up 35% spread over the last 12 years

about 3% cap. gain per year average , but some other businesses (like LLC ) have been much worse

3% cap. gain ( on average ) a few % in divs ( most years )

was doing better than a term deposit until fairly recently

( they all can't perform like PME , TNE and MQG have for me )

maybe SGP will shine when MQG is having a bad run

 

[divs4ever]

Stockland 3Q24 operational update

Key highlights

• Commercial Property portfolio delivered strong operational metrics over 3Q24, with leasing spreads of 42.0%1 for Logistics and 3.5%2 for Town Centres
• Essentials-based Town Centre portfolio delivered comparable total sales growth of 3.4% and comparable specialty sales growth of 1.3% on an MAT basis3
• Masterplanned Communities (MPC) net sales of 1,242 lots, reflecting continued improvement in sales over the last four quarters
• Land Lease Communities (LLC) net sales of 104 homes, reflecting five new project launches over FY24 yearto-date, and supported by improvements in the established housing market
• Settlement of ~$260m4 of non-core Town Centre disposals over 3Q24
• The ~$1.06bn acquisition of 12 actively trading MPC projects announced in December 2023 progressing through the regulatory approval process with FIRB and ACCC5
• Maintained a disciplined approach to capital management, further strengthening the balance sheet with a A$400m medium-term note issuance for 10.5 years
• Gearing at 30 June 2024 is expected to remain within the top half of the 20-30% target range6
• FY24 pre-tax FFO per security guidance maintained at 34.5 to 35.5 cents, with tax expense expected to be a high single-digit percentage of pre-tax FFO6
• FY24 Distribution per security expected to be within Stockland’s targeted payout ratio range of 75% to 85% of post-tax FFO on a full year basis6 3Q24
Summary
Managing Director and Chief Executive Officer, Tarun Gupta said: “Over 3Q24, Stockland has delivered strong operational performance, while continuing to execute against our strategic priorities.
“Our Commercial Property portfolio has achieved strong results, with leasing spreads accelerating to 42.0%1 in our Logistics portfolio and continued positive leasing spreads of 3.5%2 in our Town Centres portfolio.
The skew towards essential-based categories has positioned our Town Centres portfolio well, delivering +3.4%3 total MAT growth.
“Our Masterplanned Communities business achieved 1,242 net sales, reflecting continued improvement in sales and enquiries over the past few quarters.
In Land Lease Communities, net sales volumes of 104 homes and strong enquiries in 3Q24 reflected the launch of five new communities over the financial year-to-date and support from improvements in the established housing market.” 1
Average rental growth on new leases and renewals negotiated (executed & HoA) in FY24 YTD.
2 Re-leasing spreads for stable portfolio on an annualised basis, FY24 YTD.
3 Comparable basket of assets as per the Shopping Centre Council of Australia (SCCA) guidelines, which excludes assets which have been redeveloped within the past 24 months.
4 Includes Stockland Nowra, NSW, and Stockland Balgowlah, NSW. 5On a 100% basis (Stockland 50.1%, Supalai 49.9%), excluding transaction costs and subject to adjustments at completion, acquired via Stockland Supalai Residential Communities Partnership (SSRCP).
SSRCP may also exercise its right to acquire (at its election) certain additional parcels of land for an additional payment of up to $239m. 6 All forward looking statements, including FY24 earnings guidance, remain subject to no material change in market conditions.

ASX/Media Release Stockland Corporation Ltd | ACN 000 181 733 | Stockland Trust Management Limited | ACN 001 900 741 AFSL 241190 as Responsible Entity for Stockland Trust | ARSN 092 897 348 | ASX: SGP 133 Castlereagh Street Sydney NSW 2000 | T 02 9035 2000 | stockland.com.au

Page 2 of 3

Commercial Property Logistics

The Logistics portfolio delivered strong operational metrics, achieving re-leasing spreads of 42.0%7 on new leases and renewals while occupancy levels remained high.
Stockland’s current portfolio WALE of 3.5 years8 and expected development completions in well-located markets is positioned to benefit from strong tenant demand and presents opportunities to capture ongoing market rent growth.
Stockland continues to progress its ~$1.1bn9 active Logistics development pipeline.
Workplace Operating metrics across the Workplace portfolio reflects the smaller scale of the portfolio, the majority of the portfolio is currently being positioned for future development.
Over the March 2024 quarter, re-leasing spreads were (1.7)%7 , primarily due to rental reversion at one asset.
Portfolio occupancy of 91.7%8 and WALE of 5.4 years8 reflects the two recently completed buildings at MPark Stage 110 (Macquarie Park, NSW).
Stockland continues to add value while maintaining optionality regarding development opportunities.
Construction is progressing on the final two buildings at MPark Stage 110 .
Town Centres Stockland’s Town Centres portfolio continues to deliver resilient operational performance, underpinned by its >70% weighting (by sales) to essentials-based categories.
Total comparable MAT across the portfolio grew by 3.4%, with comparable MAT specialty sales growth of 1.3%11 .
For the March 2024 quarter, total comparable sales grew by 2.0% and comparable specialty sales grew by 1.7%, demonstrating resilience in a moderating retail environment11 .
Leasing spreads remained positive over the quarter at 3.5%12 (in-line with 3.5% for 1H24) and portfolio occupancy remains high at ~99%13 .
Communities Masterplanned Communities (MPC) Stockland’s MPC business achieved 1,242 net sales in 3Q24 (versus 1,049 sales in 3Q23), reflecting continued improvement over the past four quarters.
Enquiry levels are up strongly over 3Q24, with month-on-month levels stable over the quarter.
Sales volumes are expected to remain around current levels in the near term, with further improvement dependent on the outlook for interest rates and the pace of market recovery in Victoria.
Default and cancellation rates14 are running above historical averages but remain below previous cyclical peak levels.
7 Average rental growth on new leases and renewals negotiated (executed & HoA) in FY24 YTD. Workplace excludes Walker Street Complex and 601 Pacific Highway in NSW.
8 By income. Workplace excludes Walker Street Complex and 601 Pacific Highway in NSW.
9 Forecast end value on completion as at 31 March 2024. Subject to relevant approvals.
10 MPark Capital Partnership with Ivanhoé Cambridge. First two buildings completed during 1H24.
11 Comparable basket of assets as per SCCA guidelines, which excludes assets which have been redeveloped within the past 24 months. 12 Re-leasing spreads for stable portfolio on an annualised basis, FY24 YTD.
13 Occupancy across the stable portfolio, based on signed leases and agreements at 31 March 2024.
14 12-month rolling average default rate vs 10-year average default rate.

ASX/Media Release Stockland Corporation Ltd | ACN 000 181 733 | Stockland Trust Management Limited | ACN 001 900 741 AFSL 241190 as Responsible Entity for Stockland Trust | ARSN 092 897 348 | ASX: SGP 133 Castlereagh Street Sydney NSW 2000 | T 02 9035 2000 | stockland.com.au

Page 3 of 3

The MPC business ended the period with 5,565 contracts on hand, with FY24 average settlement pricing expected to be 5-10% higher than FY23, reflecting settlement mix.
Stockland’s FY24 target settlement range is tightened to 5,300-5,500 settlements15, with expected development operating profit margin maintained in the low 20%s.
Stockland expects a larger settlement and FFO skew to 2H than in FY23, in line with previous guidance.

Land Lease Communities (LLC) Stockland’s LLC platform delivered net sales of 104 homes (versus 50 homes in 3Q23) and a strong uptick in enquiries over the quarter, reflecting five new project launches over FY24 year-to-date, and supported by improvements in the established housing market.
Stockland’s LLC platform is positioned for further growth and accelerated development activity, with up to 12 communities expected to launch during FY2416 .
As at 31 March 2024, there were 502 contracts on hand at higher average prices versus 1H24 settlements, providing embedded value to the business17 .
For FY24, the LLC business continues to target ~400-450 settlements15 , with development operating profit margin slightly below the long-term target range of 22-27% due to launch costs associated with production ramp-up.
FY24 Outlook and guidance FY24 FFO per security guidance is maintained at a range of 34.5 to 35.5 cents on a pre-tax basis, with tax expense expected to be a high single-digit percentage of pre-tax FFO.
Distribution per security is expected to be within Stockland’s targeted payout ratio of 75 to 85% of post-tax FFO.
Current market conditions remain uncertain.
All forward looking statements, including FY24 earnings guidance, remain subject to no material change in market conditions.

Ends This announcement is authorised for release to the market by Ms Katherine Grace, Stockland’s Company Secretary.

i hold SGP

 

[divs4ever]

Stockland announces estimated distribution for sixmonths to 30 June 2024

Stockland (ASX:SGP) today announced an estimated distribution for the six months to 30 June 2024 of 16.6 cents per Ordinary Stapled Security.
This equates to a full year distribution payment of 24.6 cents per Ordinary Stapled Security, in line with guidance previously issued by Stockland.

The Record Date for determining entitlement to the half year distribution is Friday 28 June 2024.
The distribution payment will be made on Friday 30 August 2024.
The announcement of Stockland’s full year financial results and lodgement of Appendix 4E will be made on Thursday 22 August 2024.
This announcement will include details of the actual distribution for the six months to 30 June 2024.

ENDS

This announcement is authorised for release to the market by Ms Katherine Grace, Stockland’s Company Secretary

i hold SGP

i note no mention of the DRP ( i participate when it is active) but read elsewhere the DRP is currently suspended but double-check that

 

[divs4ever]

Waterloo Renewal Project

Stockland (ASX:SGP) today announces that along with its consortium partners Link Wentworth, City West Housing and Birribee Housing it has been confirmed as the preferred proponent to deliver the Waterloo Renewal Project with Homes NSW.

The Waterloo Renewal Project will be one of Australia’s largest and most significant inner city renewal initiatives,delivering a sustainable mixed tenure community of over 3000 apartments including 50% social and affordable housing.

The project is expected to be delivered over multiple stages with anticipated commencement of works in 2027, subject to all relevant planning and internal approvals.

Mr Tarun Gupta, Stockland Managing Director and Chief Executive Officer said,“We are privileged to be selected by Homes NSW as the preferred proponent to deliver the Waterloo Renewal Project with our consortium partners., Link Wentworth, City West Housing and Birribee Housing.

“In collaboration with our partners and the local community, Stockland will deliver this critical renewal project for Sydney’s inner city.“Building on our 72-year legacy as a leading creator and curator of connected communities, we look forward to working with Homes NSW, our partners and the community to deliver vibrant and inclusive spaces, with high quality homes for all the residents.
”The transaction remains subject to completion of documentation and all relevant approvals.

Stockland will announce its FY24 results on 22 August 2024

i hold SGP

2027 ? ( to START )

crikey , will i be alive then , will Australia still have an economy , will there even be a livable planet