Stockland: Success of three Rs - earnings upgrade as profits ahead of market expectations
Stockland has announced its earnings per security will rise from 7% growth to 8.5% for the full year, equal to 31.6¢ per security. The retirement living's operating profit was up 10% to $23 million, the acquisition of Aevum partly responsible...
Stockland has announced its earnings per security will rise from 7% growth to 8.5% for the full year, equal to 31.6¢ per security. The retirement living's operating profit was up 10% to $23 million, the acquisition of Aevum partly responsible. Stockland's managing director, Matthew Quinn, said the improved figures and sunny outlook was success of his three ''Rs'' strategy - retail, residential and retirement.
