Stockland Corporation (ASX:SGP) has issued assurances that their FY24 Funds from Operations (FFO) per security guidance will hold steady at 34.5 to 35.5 AU cents on a pre-tax basis.

The firm also anticipates a distribution per security for the full year within the target payout ratio of 75% to 85% of post-tax FFO.

Notably, there is expected to be a greater Group FFO skew towards the second half than in FY23.

Furthermore, Tax expense in FY24 is projected to constitute a high single-digit percentage of pre-tax Group FFO, and gearing levels are anticipated to increase by the end of December 2023.

Stockland Corporation (ASX:SGP) is a large property management and development company recognized for its diversified portfolio that encompasses retail, office and industrial sectors.