Stockland Corporation (ASX:SGP) has set its pre-tax FFO (funds from operations) per security guidance for FY24 at 34.5 to 35.5 Australian cents.

Moving into FY24, the company finds itself in a robust balance sheet position.

Distribution per security is expected to fall within Stockland’s planned payout ratio of 75 to 85% of post-tax FFO for FY24.

Stockland Corporation is a diversified property company involved in shopping centre ownership, management and development.