Stocklands village profit on track but loses $47 million on FKP and Aevum investment
While the financial pages trumpeted the loss of $726 million by Stockland for the six months to live to December 2008, at the peak of their results show the retirement living financial results generated an operating profit of $28 million, which...
While the financial pages trumpeted the loss of $726 million by Stockland for the six months to live to December 2008, at the peak of their results show the retirement living financial results generated an operating profit of $28 million, which exceeded expectations. Stockland sold 104 existing units with an average price growth of 8.7% plus they solve 62 new ILUs. Their 15% stake in FKP and 14.3% stake in Aevum dropped $46.9 million in value over the six months.
