SGP

Property management and developer, Stockland (ASX:SGP) have released their half year results to the Australian stock market.

• $147.1 million loss in the six months to December 31 (1H). For the same corresponding period in 2011 the company had a profit of $307.6 million.
• Stockland revenue was $791.9 million from $936 million in the prior corresponding period.

There are no floats but there are a couple of ex-dividends scheduled for today and there are quite a number of companies which are holding their Annual General Meeting on October 25, 2011.

Annual General Meetings

ComputerShare

Share registry services provider Computershare Ltd's (ASX:CPU) full year profit fell by 10.4 percent while net profit dropped to $264.09 million for the 12 months to June 30 from $294.76 million last year. Revenue was flat from the previous year at $1.604 billion. ComputerShare declared final dividend of 14 cents per share, 60 per cent franked, unchanged from last year.

Dominos

Stockland (ASX:SGP) confirms plans of selling $200 million worth of its assets. The sale will be 20 percent of its portfolio, with negotiations already being made with interested buyers.

The sale is in line with Stockland’s “3-R Strategy”, which involves investments in retail, retirement and residential properties as the company sells smaller assets in its portfolio. Stockland owns 15 industrial properties in Australia.

Online Stock Market Bottom Ten Performers on the ASX 100 for the week. These stocks decreased their share price by the largest percentage on the Australian sharemarket, the Australian Securities Exchange (ASX) from the previous week of trading (13th week: 28th March to 1st April 2011). Other lists of ASX companies by market capitalisation.

There may be a new round of merger and acquisition corporate activity surrounding the Real Estate Investment Trusts or REITs sector. There has been a recovery of the commercial property market in Australia that may spur the increased M&A activity.

A report (second annual REIT Monitor report) released by corporate advisory firm PKF Chartered Accountants and Business Advisers have said that Mergers & Acquisitions (M&A) will dominate the Real Estate Investment Trust (REIT) sector in the coming year.

Property group, Stockland Corporation (ASX:SGP), has said that it is on track to achieve seven per cent earnings per share growth in 2010/11 and the property group's residential communities unit achieved record first quarter sales at its investor day presentation in Sydney on Tuesday.

Australian property manager and diversified property group, Stockland (ASX:SGP) is weighing up its options on its 14.9 percent stake on FKP Property Group (ASX:FKP). However, FKP's largest investor is Mulpha Australia. One rumour is that the company may consider "an asset-for-equity swap" for FKP's retirement assets.