Positive outlook: Stockland Corporation Ltd (ASX: SGP) had announced that Andrew Stevens would join the Stockland Board from 1st July 2017. On the other side, SGP has maintained FY17 guidance for growth in Funds from Operations (FFO) per security of 6-7%, assuming no material change in market conditions. The company remains on track to achieve FY17 Distribution per Security (DPS) of 25.5 cents, based on the higher of Total Trust Income (TTI) or 75 – 85% of FFO, up 4.1% on FY16. SGP’s Residential business has achieved 1,891 net deposits in the third quarter and 5,984 net deposits in the financial year to date, as compared to a total of 4,844 net deposits up to the corresponding point in time last year. SGP’s Residential business is on track to meet its full year target of more than 6,000 settlements. Moreover, SGP has continued to invest in the portfolio as well as remixed the centers to deliver good growth of 2.7% in specialty sales per square meter across their comparable shopping Centre portfolio. Overall comparable annual sales across all retail categories lost over 0.2%. But, the group believes that they are on track to achieve Retail FFO growth in line with the guidance of 3 – 4% for the full year, driven primarily by specialty stores. Further, SGP’s Retirement Living business achieved 244 net reservations in the quarter. The result was in line with internal forecasts, which allowed for the timing of new development stage releases and the withholding of units at Oak Grange in Melbourne and Castle Ridge in Sydney, pending proposed redevelopment activities.