Stockland: Result 2012

Stockland’s 2012 full year profit fell 7%, with the poor performance of the residential division offsetting an excellent year for the retail and retirement property divisions.

Property developer and manager Stockland has announced its full year results, with underlying net profit (the preferred measure for a property business) falling 7% to $676m, or 29.3 cents per security. The board declared a final unfranked distribution of 12 cents, bringing the full year total to 24 cents. This places Stockland on a 7.4% distribution yield.

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