Stockland has unveiled a 171% surge in full-year profit to $826 million in its FY25 results this morning (Wednesday 20 August), up from $305 million a year ago, boosted by $197 million in net property revaluation gains.
Its seniors land lease communities brand Halcyon is fully occupied with 15 sites actively selling homes across Australia.
Stockland launched five communities in FY25:
- Halcyon Edgebrook,
- Halcyon Providence,
- Halcyon Dales, and
- Halcyon Serreta in Queensland; and
- Halcyon Illyarrie in Western Australia.
The operator also has four communities set to open in FY26:
- Halcyon Bayside and Halcyon Yandina in Queensland,
- Halcyon Vasse in WA, and
- Halcyon Groves, Victoria.
In total, Stockland says it has a development pipeline of 7,940 land lease community homes.
Andrew Whitson, CEO of Development, said Stockland Halcyon sold 573 homes in FY25 – more than one a day – at a 22% development operating profit margin.
The business also generated $21 million in rental income, up 20% on FY24, from its 3,325 homes, achieving a net operating margin of 65%. It now holds 398 contracts on hand.
Looking ahead, Stockland is targeting 700-800 land lease settlements in FY26 with development margins in the low 20% range.
