Stockland shares lift on Q1 operational update

The news: Stockland has seen its share price lift after the property development company reiterated its funds from operations and distribution guidance for FY26.

The numbers: At 2:24pm AEDT, shares in Stockland had lifted 3.5% to $6.44.

The context: The company reiterated its FY26 funds from operations per security guidance range of 36 to 37 cents with a slightly smaller weighting to 2H26 than FY25.

Meanwhile, FY26 distribution guidance of 25.2 cents per share was also reiterated.

Stockland also said that it expects gearing levels to increase by the end of the year due to capital deployment and Stockland Masterplanned Communities settlement weighting to 2H26. Although gearing will remain in the 20% to 30% target range, moderating to the midpoint by 30 June 2026.