Stockland : Appendix 4E (including Stockland FY19 Annual Report)

Appendix 4E

For the year ended 30 June 2019

(previous corresponding period being the year ended 30 June 2018)

Results for announcement to the market

STAPLING ARRANGEMENT

Stockland was established for the purpose of facilitating a joint quotation of Stockland Corporation Limited (ABN 43 000 181 733) and its controlled entities, and Stockland Trust (ARSN 092 897 348) and its controlled entities on the Australian Stock Exchange. Stockland Trust Management Limited

(ABN 86 001 900 741) is the Responsible Entity of Stockland Trust.

The Financial Report has been prepared based upon a business combination of the parent entity, Stockland Corporation Limited and its controlled entities, and Stockland Trust and its controlled entities, in accordance with AASB 3 Business Combinations.

		2019
		$M
Revenue from ordinary activities	Down 0.2% to	2,768
Net profit after tax attributable to securityholders	Down 69.6% to	311
Funds from operations attributable to securityholders	Up 4.0% to	897

Dividends and distributions

		Franked
	Amount per	amount per
Year ended 30 June 2019	security	security	Record date	Payment date
Interim dividend/distribution	13.5 ¢	- ¢	31 December 2018	28 February 2019
Final dividend/distribution	14.1 ¢	- ¢	28 June 2019	30 August 2019

On 23 August 2018 we announced the termination of the Dividend/distribution Reinvestment Plan.

Other information

Year ended 30 June	2019	2018
Net tangible assets per security	$4.04	$4.18

This report is based on the Stockland Financial Report 2019 which has been audited by PwC.

The remainder of information requiring disclosure to comply with listing rule 4.3A is contained in the Stockland Financial Report 2019 that follows.

Annual Report 2019

Focus on sustainable returns

ACKNOWLEDGEMENT

OF COUNTRY

Stockland acknowledges the Traditional Owners and Custodians of the land on which we work and live within Australia. We would also like to pay our respects to their Elders past and present, and acknowledge the ongoing connection that Aboriginal and Torres Strait Islander peoples have with Australia's land

and waters.

The Directors of Stockland Corporation Limited (ACN 000 181 733) and the Directors of Stockland Trust Management Limited (ACN 001 900 741, AFSL 241190), the Responsible Entity of Stockland Trust (ARSN 092 897 348), present their report together with the Financial report of Stockland and the Financial report of the Trust for the year ended 30 June 2019 and the Independent Auditor's Report thereon.

The Financial Report of Stockland comprises the consolidated Financial report of Stockland Corporation Limited and its controlled entities, including Stockland Trust and its controlled entities, (collectively referred to as 'Stockland' or 'Group'). The Financial report of Stockland Trust comprises the consolidated Financial report of the Trust and its controlled entities ('Stockland Trust Group' or 'the Trust').

We believe there is a better way to live

We shape places that enable a better way to live every day. More than just a property developer, since 1952 we have been creating places to enhance communities and the way people live.

Affina Town Homes Brightwater, QLD

This year Stockland's FY19 Annual Report has adopted the principles of the International Integrated Reporting Council's (IIRC) International Integrated Reporting Framework to communicate our financial and non-financial achievements

in one flagship document.

Along with our Financial Report, the FY19 Annual Report outlines how we have created value for all our stakeholders to create places

to enhance communities and the way people live. Additional information about our sustainability reporting and the methodology used for sustainability data collection in this report, including our assurance statement by

Ernst & Young (EY), is available online: www.stockland.com.au/sustainability.

2 Stockland Annual Report 2019