Australia's Stockland Corporation slips on lower quarterly net sales

By Reuters News

** Shares of Stockland Corporation SGP.AX fall as much as 4% to A$4.06, their lowest since October 6

** Stock logs its largest intraday pct loss since September 11

** Diversified property group reported Q1 2027 net sales of 1,506 units master planned communities (MPC), down from 2,117 units last year

** Co also reported MPC enquires of 10,452 down from 36,551, a year ago

** Adds high interest rates and recent tax changes are slowing property market

** Stock down 28.7% YTD, including the day's moves

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