Business Description:
Stockland Group (SGP) is a global property development and investment management group, founded in 1952. It holds a diversified portfolio of retail, commercial and industrial investment properties across Australia together with an Australian retirement communities portfolio and an extensive residential land bank and development pipeline.

Strategy Analysis:
SGP aims to create a world class, diversified property group by leveraging the existing businesses. Through the Commercial property, Residential Communities and Retirement Living businesses, SGP has a highly developed integrated, mixed use skill base which is well placed to optimise collaboration, synergies and economies of scale. A strong focus on sustainability, people and culture continues. Stockland reported NPAT of $667.9m for the year ended 30 June 2011, compared to $382.2m in the prior year. The underlying profit for the financial year was $752.4m, reflecting a 8.7% increase from the prior year. Revenues from ordinary activities were $679.0m, compared to $672.3m last year. Diluted EPS was 28.2 cents compared to 16.2 cents last year. Net operating cash flow was $673.9m compared to $664.2m last year. The final dividend declared was 11.9 cents, taking the full year dividend to 23.7 cents compared with 21.8 cents last year.