Stockland (ASX:SGP) reported Wednesday that its adjusted funds from operations (AFFO) per security in the fiscal first half fell to AU$0.086, compared with the prior year's AU$0.093.
Analysts polled by Visible Alpha were expecting AFFO of AU$0.0902.
Earnings per diluted security in fiscal H1 rose to AU$0.102, from AU$0.042 per diluted share a year earlier. Analysts' consensus as compiled by Visible Alpha were expecting EPS of AU$0.0859.
Revenue for the six months ended Dec. 31, 2024, was AU$1.01 billion, up from AU$934 million in the same period last year.
The property group expects funds from operation (FFO) per security for the fiscal year to reach AU$0.33 to AU$0.34 and expects distribution per security of about 75% of post-tax FFO.
Analysts polled by Visible Alpha expect AFFO of AU$0.2846 per security and FFO of AU$0.3344 per security for the fiscal year.
Stockland Trust declared an interim distribution of AU$0.08, unchanged from the previous reported period, payable on Feb. 28 to shareholders on record as of Dec. 31, 2024.