Stockland Halcyon maintains an impressive land lease pipeline

The ASX-listed diversified property company Stockland released its 1H26 financial results on Monday (16 February), recording a statutory profit of $292 million (1H25 $245 million).

Stockland’s land lease community brand Halcyon recorded 254 land lease settlements (just over two per business day), up from the 248 settlements it made in the same period a year earlier.

Development operating profit margin in the land lease business fell to 16.9% from 21.8%. The group said it had 637 contracts on hand and kept its forecast for land lease community settlements this year constant at 700 lots to 800 lots.

Stockland Halcyon also revealed a development pipeline of 7,544 land lease community homes.

The group says it is actively trading from 16 land lease communities, with the launch of Halcyon Yandina and Halcyon Bayside, both in Queensland, in 1H26.

Halcyon Ridge in Glenvale, formerly known as Living Gems Toowoomba, was sold to a yet-to-be announced buyer.

Halcyon Groves in Victoria is also expected to launch during 2H26.