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2020 (Previous Corresponding Period Being the Year Ended 30 June 2019)

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2020 (Previous Corresponding Period Being the Year Ended 30 June 2019) Appendix 4E For the year ended 30 June 2020 (previous corresponding period being the year ended 30 June 2019) 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 Securities Exchange. Stockland Trust Management Limited (ABN 86 001 900 741) is the Responsible Entity of Stockland Trust. The Financial Report has been prepared based on 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. $M Revenue from ordinary activities Up 1.6% to 2,812 Net loss after tax attributable to securityholders Down 104.3% to 14 Funds from operations attributable to securityholders Down 8.0% to 825 Dividends and distributions Amount per Franked amount security per security Record date Payment date Interim dividend/distribution 13.5 ¢ – ¢ 31 December 2019 28 February 2020 Final dividend/distribution 10.6 ¢ – ¢ 30 June 2020 31 August 2020 Other information 2020 2019 Net tangible assets per security $3.77 $4.04 This report is based on the Stockland Financial Report 2020 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 2020 that follows. For personal use only This announcement is authorised for release to the market by Ms Katherine Grace, Stockland’s Company Secretary. Stockland Property Portfolio Annual Report 30 June 2020 June 30 30 June 2020 For personal use only stockland.com.au We believe there is a better way to live Welcome to Stockland’s Annual Report (Report). 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, present and emerging, and acknowledge the ongoing connection that Aboriginal and Torres Strait Islander peoples have with Australia’s land and waters. Stockland’s Report is an opportunity for us to demonstrate how we create value for all our stakeholders. It illustrates how we achieve our purpose, ‘we believe there is a better way to live’, as we help shape communities across Australia. The Report is a consolidated summary of Stockland Corporation Limited and its controlled entities, including Stockland Trust and its controlled entities (Stockland or Group) for the year ended 30 June 2020 (FY20). The Report adopts the principles of the International Integrated Reporting Council (IIRC) Integrated Reporting (IR) Framework to communicate how our strategy, operational and financial performance, and approach to environmental, social, and governance matters creates value for stakeholders over the short, medium and long term. In addition to complying with our statutory reporting requirements, the Report includes our response to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). Corporate reporting suite The Report is part of our broader corporate reporting suite, including: Annual Report: this report features information about Corporate Governance Statement: features Stockland’s Stockland, our strategy, our integrated financial and application of the ASX Corporate Governance Council’s non-financial performance, risk management, corporate Corporate Governance Principles and Recommendations governance, remuneration and our financial statements (4th Edition) and Results Presentations: Stockland’s strategy, financial Modern Slavery Statement: Stockland’s inaugural results, operational performance for the period, statement on our actions to assess and address modern including business unit operational performance, slavery risks in our supply chain. portfolio and development pipeline prepared on a Throughout the Report are information boxes (see six-monthly basis together with quarterly operational example below) to indicate where more detailed updates information on specific items can be found. For personal use only Property Portfolio: details on the assets within the Stockland portfolio Our corporate reporting suite documents are available Sustainability Reporting Suite: includes comprehensive for download on the Stockland Investor Centre www.stockland.com.au/investor-centre Management Approaches, Deep Dives containing our annual performance reports and case studies, and people, environment and community Data Packs across our enduring sustainability themes and material matters Stockland Annual Report Our business 4 2020 performance 6 Our COVID-19 response 8 Chairman and CEO Letters 10 Strategy and performance 15 Our strategy 17 Grow our asset returns 18 Capital management 26 Operational excellence 30 Delivering shared value 36 Risk management 42 Governance 52 Remuneration report 69 Financial report for the year ended 30 June 2020 91 Consolidated statement of comprehensive income 92 Consolidated balance sheet 93 Consolidated statement of changes in equity 94 Consolidated statement of cash flows 96 Notes to the financial report 97 Directors’ declaration 168 Independent auditor’s report 169 Securityholder information and key dates 177 Glossary 181 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), For personal use only present their report together with the Financial Report of Stockland and the Independent Auditor’s Report thereon. The Directors’ Report for FY20 has been prepared in accordance with the requirements of the Corporations Act 2001 (Cth) including the following information: • Operating and Financial Review on page 15 • Information on Directors and the Company Secretary on page 52 • Board and Committee meetings and attendance on page 60 • General information required under the Corporations Act on page 65 • Lead Auditor Independence Declaration on page 68 • Remuneration Report on page 69 Our business A leading creator of residential and retirement communities, retail town centres and workplace and logistics assets valued at $15.0 billion. Our strategy Our vision, purpose and values Our strategy is to maximise returns by developing Our vision is to be a great Australian real estate company sustainable communities, owning and managing leading that makes a valuable contribution to our communities and retail town centres and growing our workplace and our country. logistics portfolio. This approach is underpinned by our purpose – "we believe there is a better way to live" – and is brought Our structure to life by over 1,600 employees who are guided by Stockland's values of Community, Accountability, Respect Stockland is a listed company on the Australian Securities and Excellence (CARE). Exchange (ASX). To optimise value to our securityholders we are structured as a stapled security. A Stockland Our diverse portfolio stapled security (ASX:SGP) represents one ordinary share in Stockland Corporation Limited and one ordinary unit We are one of the largest diversified real estate in Stockland Trust. This allows us to efficiently undertake groups in Australia, creating communities covering whole property investment, property management and property of life housing solutions across our residential and development activities. retirement living communities. We also own, manage and develop leading retail town centres, workplaces and logistics centres. LOGISTICS WORKPLACE 11 5 18 9 PROPERTIES PROPERTIES 4 1 1 8 1 28 4 11 RETAIL1 11 3 14 PROPERTIES 11 20 For personal use only 30 4 8 14 22 RESIDENTIAL RETIREMENT COMMUNITIES LIVING COMMUNITIES PROPERTIES PROPERTIES 51 63 1 Excludes WIP and sundry properties 4 Stockland Annual Report 2020 For over 65 years, Our business Stockland has been building communities across Australia. performance 2020 Today we are a leading creator of sustainable response Our COVID-19 communities and workplaces that enable a better way to live. CEO Letters Chairman and City of Colour - Aura, Queensland Our Aura masterplanned community on Queensland's Sunshine Coast is an exemplar of our community creation performance Strategy and capabilities - designed for every facet of life. We have drawn inspiration from some of the world’s most liveable cities to enhance the unique lifestyle that the Sunshine management Risk Coast offers; to create a city that is truly world class. In partnership with Capital Property Group, we will shape a community that will Governance eventually occupy 24 square kilometres and become home to approximately 50,000 people over the next 30 years. The project includes a city centre for employment, shopping, business, report Remuneration education, recreation and entertainment. This includes two business parks and up to 20 proposed education and learning facilities. Aura was recently recertified by the Green 2020 ended 30 June for the year Financial report Building Council of Australia and received a record high masterplan community rating. WORLD LEADERSHIP key dates information and Securityholder 6 star For personal use only Green Star Community Glossary Year ended 30 June 2020 5 2020 performance Funds from operations (FFO) FFO per security $825m 34.7c Down 8.0% on FY19 Down 7.2% on FY19 Distribution per security (DPS) Statutory loss 24.1c $(14)m 70% distribution payout ratio Gearing Return
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