Stockland (ASX:SGP) reported that its moving annual total retail sales in its town centers clocked in at AU$4.88 billion during the March quarter, increasing 2.6% from the same period in the previous year, according to a Wednesday Australian bourse filing.

The company said the sales were underpinned by a majority exposure to essentials-based categories, such as food retailing and catering remained resilient and delivered positive sales growth.

Stockland reported net sales of 1,509 lots in its masterplanned communities, in line with expectations. It reported continued demand and sustained price growth in Queensland, while Western Australia net sales show some moderation.

The firm said most of its workplace portfolio is being positioned for future development, including mixed-use opportunities. It has executed around 268,000 square meters of leases year-to-date in its logistics portfolio, and the occupancy clocked in at about 99%, up from over 97% in December 2024.

It maintained its guidance of fiscal 2025 funds-from-operations per security of between AU$0.33 and AU$0.34 on a post-tax basis.

The company's shares were up almost 1% in recent Wednesday trade.