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Australian diversified property group developing residential communities, retirement living and owning retail town centres and logistics assets.
Australian diversified property group developing residential communities, retirement living and owning retail town centres and logistics assets.
Residential lots in masterplanned communities are sold to buyers and builders, with profit recognized as sales settle, while retail centers and logistics sites earn rent under leases. It is a stapled security, a share and a trust unit traded together, so it passes much of its rental income to investors.
In one line: A diversified Australian homebuilder-REIT hybrid.
Moat: narrow (scale, brand, installed base). Large land bank and long operating history across residential and retail property in Australia.
Headquarters: Sydney, Australia · Founded: 1952 · Employees: 1,742
Size Stockland (SGP.AX) is an Australia Real Estate company (Real Estate Investment Trusts) with a market value of $7.74B, the 45th largest of 316 Australia companies the cockpit tracks. Shares closed at A$4.60 on 6 Nov 2026.
Performance Over six months the shares gained 15.0%, against -1.3% for the median peer and +4.1% for the Australia market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 14.6% over the last twelve months (peer median +6.9%); the operating margin is 20.3% (peer median 43.1%).
Valuation It trades at 1.04× book value against a peer median of 1.42× (7th cheapest of 21).
Price implies The share price implies a return on equity of about 11.7%; Stockland delivers 9.5%, so the price asks more than the business earns today.
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$3.59B | A$3.59B | A$3.13B | A$2.99B | A$2.81B |
| Revenue growth | — | +15% | +5% | +6% | — |
| Gross profit | A$1.28B | A$1.28B | A$1.22B | A$1.18B | A$1.19B |
| EBITDA | n/a | A$749M | A$773M | A$712M | A$776M |
| Net income | A$994M | A$994M | A$826M | A$305M | A$440M |
| Free cash flow | A$865M | A$865M | A$325M | A$110M | A$309M |
| Capital expenditure | A$11.0M | A$11.0M | A$3.00M | A$4.00M | A$23.0M |
| Total debt | n/a | A$4.93B | A$5.21B | A$4.77B | A$3.95B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Stockland SGP.AX | $7.74B | +15% | +15% | 10% | 1.04× | 11.7% |
| Mirvac MGR.AX | $5.27B | +14% | +6% | 7% | 0.83× | 9.9% |
| Lendlease LLC.AX | $1.23B | -16% | -30% | -15% | 0.36× | 6.1% |
| Goodman GMG.AX | $39.6B | -11% | +17% | 12% | 2.28× | 26.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SGP.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.5% | +4.4% | 6th highest of 21 |
| 6-month return | +15.0% | -1.3% | 2nd highest of 21 |
| Return on equity | 9.5% | 7.3% | 7th highest of 21 |
| Price / book | 1.04× | 1.42× | 7th cheapest of 21 |
| Trailing P/E | 11.2× | 19.8× | 4th cheapest of 15 |
| ROE the price implies | 11.7% | 12.4% | 9th least demanding of 21 |
| ROE delivered | 9.5% | 7.3% | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Stockland SGP.AX | Australia | $7.74B | +15% | +15% | 10% | 1.04× | 11.7% | 9.5% |
| Alexandria Real Estate Equities ARE | United States | $7.80B | -2% | -10% | -9% | 0.52× | 7.0% | -9.1% |
| NNN REIT NNN | United States | $7.89B | -7% | +7% | 9% | 1.75× | 12.9% | 8.9% |
| Choice Properties Real Estate Investment Trust CHP-UN.TO | Canada | $7.95B | -1% | +4% | -2% | 2.66× | 14.7% | -1.7% |
| Land Securities LAND.L | United Kingdom | $7.51B | +20% | +7% | 5% | 0.77× | 11.9% | 5.3% |
| Vicinity Centres VCX.AX | Australia | $8.01B | 0% | +3% | 12% | 0.94× | 9.7% | 12.0% |
| Rexford Industrial Realty REXR | United States | $8.02B | +4% | -2% | -6% | 1.16× | 11.7% | -5.9% |
| MERLIN Properties SOCIMI MRL.MC | Spain | $8.05B | -23% | +13% | 10% | 0.77× | 8.0% | 9.9% |
| COPT Defense Properties CDP | United States | $7.43B | +4% | +7% | 11% | 2.42× | 17.3% | 11.2% |
| Charter Hall CHC.AX | Australia | $7.26B | +14% | -19% | 37% | 18.01× | 213.5% | 36.9% |
| Terreno Realty TRNO | United States | $7.24B | 0% | +18% | 9% | 1.61× | 14.0% | 9.2% |
| First Industrial Realty Trust FR | United States | $7.13B | -14% | +9% | 13% | 2.57× | 20.9% | 13.2% |
| STAG Industrial STAG | United States | $7.06B | -6% | +9% | 8% | 1.93× | 15.5% | 7.6% |
| Macerich MAC | United States | $7.04B | +14% | +9% | -14% | 2.50× | 33.9% | -14.5% |
| GPT GPT.AX | Australia | $6.88B | +11% | -8% | 10% | 0.92× | 11.0% | 10.0% |
| CapitaLand Ascendas REIT A17U.SI | Singapore | $8.83B | -9% | +7% | 7% | 0.99× | 5.2% | 7.0% |
| Nippon Building Fund 8951.T | Japan | $6.75B | -8% | -21% | 6% | 1.41× | 5.3% | 5.9% |
| Lineage LINE | United States | $8.91B | -2% | +1% | -2% | 1.13× | 9.9% | -2.0% |
| Vornado Realty Trust VNO | United States | $6.70B | +11% | +2% | 0% | 1.44× | 17.3% | 0.2% |
| CareTrust REIT CTRE | United States | $9.03B | -8% | +53% | 9% | 2.01× | 14.7% | 9.1% |
| Agree Realty ADC | United States | $9.09B | -8% | +18% | 4% | 1.34× | 8.2% | 3.8% |