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Stockland Corp Ltd SGP Stock Quote

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Morningstar‘s Stock Analysis SGP

Valuation
Currency in AUD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Australian REIT Valuations Largely Unaffected by Rising Rates So Far; Sector Looks Undervalued.

Alexander Prineas Equity Analyst

Analyst Note

| Alexander Prineas |

Australian listed property trusts trade at substantial discounts to net tangible assets, or NTA. The magnitude of the discounts implies a looming commercial property correction, or even a crash.

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Key Statistics SGP

Company Profile SGP

Business Description

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, mostly retail. It also has a growing land-lease business. The mix is evolving. Earnings from the residential development division are volatile and we expect growth to moderate there. 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.

Contact
133 Castlereagh Street, Level 25
Sydney, NSW, 2000, Australia
T +61 290352000
Industry REIT - Diversified
Most Recent Earnings
Fiscal Year End Jun 30, 2022
Stock Type
Employees 1,013