India, Feb. 18 -- Australian property company Stockland Corp. Ltd. (SGP.AX,STKAF.PK) reported that its profit for the six months ended 31 December 2024 climbed to A$245 million from A$102 million in the same period last year. The result reflects strong contributions from the Logistics portfolio and higher LLC settlements, offset by reduced earnings from prior period Town Centre capital recycling and a material the second-half of 2025 skew in MPC settlement volumes.
Pre and post-tax funds from operations was A$251 million, down 5.6% from prior year.
Pre-tax and post-tax FFO per security was 10.5 cents. No tax expense was recognized, in line with the first half of 2024, due to the impact of the MPC settlement skew on FFO.
The half year dis...