0110 GMT - Stockland's decision to change up its dividend policy gets a tick from Citi. Stockland says it will target a payout of 60% to 80% of funds from operations from FY 2026. That compares to a prior payout ratio of 75-85%. Management made the decision "as they are reinvesting to drive further earnings growth, which we see as positive," analyst Suraj Nebhani says. Stockland's forecast dividend for FY 2026 is 25.2 Australian cents/security, unchanged on year. "Other positive developments include an exclusive arrangement with EdgeConneX to establish a partnership to develop, own and operate a data center portfolio," Citi says. It retains a buy call on Stockland, which is up 7.5% at A$6.15 today. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
August 19, 2025 21:10 ET (01:10 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.