The S&P/ASX 200 Index (ASX: XJO) has clawed back early morning losses to be just about flat at the time of writing, with plenty of thanks to this rocketing ASX 200 stock.
The fast-rising stock in question is diversified property development company Stockland Corp Ltd (ASX: SGP).
Stockland shares closed yesterday trading for $5.72. In late morning trade, shares are changing hands for $6.17 apiece, up 7.8%.
With 2.4 billion shares outstanding, that gives the ASX 200 stock a market cap of $14.8 billion.
This strong performance follows the release of Stockland's full-year FY 2025 results.
Here's what is spurring ASX investor interest today.
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ASX 200 stock leaps on profit and dividend growth
The Stockland share price is soaring after the company reported a 170.6% year-over-year increase in statutory profit to $826 million.
Post-tax Funds From Operations (FFO) of $808 million were up 2.8% from FY 2024, with the ASX 200 stock achieving FFO per share of 33.9 cents.
And Net Tangible Assets (NTA) per share of $4.22, were up from $4.12 per share at 30 June 2024.
The strong results led to a final unfranked dividend of 17.2 cents per share, marking an all-time high final dividend. Eligible investors can expect to receive that passive income payout on 29 August.
This brings Stockland's full-year payout to 25.2 cents per share, compared with 24.6 cents per share in FY 2024.
The ASX 200 stock said the results were driven by a strong contribution from its Masterplanned Communities (MPC) and growing fee income from partnerships across MPC, Commercial Development, and Land Lease (LLC).
Stockland ended the financial year with gearing of 25.2% and liquidity of around $2.9 billion.
What did management say?
Commenting on the results sending the ASX 200 stock flying higher today, Stockland CEO Tarun Gupta said, "Our FY25 financial result was at the top end of our guidance range, and we expect strong earnings growth in FY26."
Gupta added:
The acquired MPC portfolio is performing ahead of our acquisition assumptions, delivering FY25 settlement volumes above our expectations with new releases from the portfolio being met with strong customer demand.
Building on the two logistics partnerships announced in 1H25, we formed a strategic partnership with John Boyd Properties to redevelop a prime 18.3-hectare site, adjacent to Sydney Airport, into a world-class logistics hub with an expected end development value of >$3.5 billion.
What's ahead for the ASX 200 stock?
Looking at what could impact Stockland shares in the year ahead, the property developer provided FY 2026 guidance of FFO per share of between 36.0 and 37.0 cents, with a "slightly smaller" weighting to the second half than we saw in FY 2025.
Stockland expects its FY 2026 dividend payouts to be in line with FY 2025 at 25.2 cents per share.
Commenting on the outlook for the ASX 200 stock, Gupta said, "We have positioned the business for a step-change increase in production from FY26, providing more housing solutions in an undersupplied market."
He added, "We have also established multiple drivers of sustainable growth in future periods, including capital efficient, longer-term residential and logistics projects secured during FY25."
