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Stockland (ASX:SGP) Cash Receipts from Tax Refunds


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What is Stockland Cash Receipts from Tax Refunds?

Cash Receipts from Tax Refunds only applies to banks and insurance companies.


Stockland Business Description

Industry
Traded in Other Exchanges
Address
133 Castlereagh Street, Level 25, Sydney, NSW, AUS, 2000
Stockland is Australia's largest housing developer, and this division generates about 40% of the group's funds-from-operations. Near two thirds comes from commercial property, about half of which is retail. It also has a growing land-lease business. The mix is evolving. Earnings from the residential development division are volatile though we expect volumes and margins to improve over the next five years, after a challenging 2023 where interest rate rises caused house price falls. In commercial property the group is trimming retail and adding office and industrial via acquisitions and developments. Stockland-stapled securities comprise one share in the corporation that largely operates developments and one unit in a trust that holds the property portfolio.