Stockland Corp Ltd SGP

Stock XASX Rating as of Oct 2, 2026

A$4.11 −0.04 (0.96%)

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As of Oct 2, 2026, 6:10:23 AM Delayed Price Closed

Company Report

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Data Center Partnership Drives Stockland's Fiscal 2027 Earnings Growth

Yingqi Tan Aug 19, 2026

Stockland’s investment portfolio mix is evolving. The company has been strategically trimming its retail exposure, shrinking the retail weighting to around 30% of the total portfolio, from 50% a decade ago. On the other hand, the logistics and residential sectors are gaining weight. The company is likely to continue divesting retail assets, in line with its target sector capital allocation of 20%-30%. Proceeds from asset disposals will fund acquisitions and development in those preferred sectors.

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Price vs Fair Value

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SGP is trading at a LOCK|Mr&$J$W premium.

Price

A$4.11

Oct 2, 2026

Fair Value

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Aug 19, 2026

Uncertainty

LOCK|r&YTN

1-Star Price: LOCK|<<P
5-Star Price: LOCK|y?v
Economic Moat: LOCK|?#>
Capital Allocation: LOCK|<kVrVk

Bulls Say, Bears Say

Bulls

Strong population growth should underpin Stockland’s earnings, particularly residential property sales, and rents in the retail, logistics, and land lease sectors.

Bears

Stockland’s offices are mostly business parks located in the city fringes, which have lower occupancy rates compared with buildings in central business districts.

Trading Information

Previous Close Price: A$4.15
Day Range: A$4.09–4.18
52-Week Range: A$3.71–6.75
Bid/Ask: A$4.08 / A$4.16
Shares Outstanding: 2.43B
Market Cap: A$9.99B
Volume/Avg: 7M / 17M

Key Statistics

Price/Earnings (Normalized): 10.71
Price/Sales: 2.80
Dividend Yield (Trailing): 6.13%
Dividend Yield (Forward): 6.13%
Dividend Payment Schedule: Feb, Aug
Total Yield: 6.64%

Company Profile

Stockland is one of Australia’s largest residential property developers, specializing in master-planned communities. Earnings from residential and commercial development are lumpy and averaged about 40% of the group’s funds from operations over the past five years. Revenue from master-planned communities makes up the majority of development income. While land lease assets contribute only a fraction of the total development revenue, the sector is growing. The investment management business, around two thirds of the group’s earnings, generates rental income and investment management fees from a portfolio of retail, logistics, office, and land lease assets. The portfolio mix is evolving, with less retail, and increasing exposure to logistics and office in recent years.

Sector: Real Estate
Industry: REIT - Diversified
Stock Style Box: Mid Value
Total Number of Employees: 1,013
Website: https://www.stockland.com.au

Competitors

Valuation

Metric	SGP	MGR	GPT
Price/Earnings (Normalized)	10.71	11.45	1.81
Price/Book Value	0.94	0.75	0.79
Price/Sales	2.80	2.72	8.67
Price/Cash Flow	11.49	8.07	12.54

Price/Earnings

SGP

MGR

GPT

Financial Strength

Metric	SGP	MGR	GPT
Quick Ratio	0.70	0.27	0.21
Current Ratio	1.69	0.84	0.28
Interest Coverage	7.34	3.64	5.53

Quick Ratio

SGP

MGR

GPT

Profitability

Metric	SGP	MGR	GPT
Return on Assets (Normalized)	4.85%	4.02%	4.78%
Return on Equity (Normalized)	8.59%	6.48%	7.56%
Return on Invested Capital (Normalized)	4.54%	4.07%	6.40%

Return on Assets

SGP

MGR

GPT

REIT - Diversified Industry Comparables

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Goodman Group GMGSF	—	LOCK\|#?QVr	$38B
VICI Properties Inc Ordinary Shares VICI	—	LOCK\|d#?	$25B
W.P. Carey Inc WPC	—	LOCK\|f<	$15B
Stockland Corp Ltd STKAF	—	LOCK\|BC	$7B
Land Securities Group PLC ADR LDSCY	—	LOCK\|%#%	$7B
Land Securities Group PLC LSGOF	—	LOCK\|#<	$7B
Fibra Uno Administracion SA de CV Certificados Bursatiles Fiduciarios Inmobiliario Series -11- FBASF	—	LOCK\|@^j	$6B
Charter Hall Group CTOUF	—	LOCK\|zwhRw	$6B
GPT Group GPTGF	—	LOCK\|qg?	$6B
Covivio SA GSEFF	—	LOCK\|WMc	$5B