** Real estate developer Stockland rises 0.8% to A$5.19
** Morningstar positive about approval secured for co's property deal with peer LendLease
** Expects SGP's FY25 rev from operations at A$33.4 cents per share, 3% higher than previously estimated
** Says Stockland’s residential business well-placed for the next few years, given its scale, an undersupply of housing and strong population growth in Australia
** Adds co's logistics and retail sectors continue to benefit from strong tenant demand, low vacancy rates and positive rental uplifts
** LLC currently down 0.5%
** SGP has risen 15.7% so far this year, as of last close; LLC down ~10% in the same period, as of last close
(Reporting by Rishav Chatterjee in Bengaluru)
((mailto:Rishav.Chatterjee@thomsonreuters.com;))
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