Property Stocks Down Under 19 October 2022: Stockland (ASX:SGP)

The property market downturn has left few (if any) REITs untouched. Even 70-year-old Stockland has not been able to escape, with its shares down roughly 25% this year and the company trading at roughly the same percentage discount to its NTA. Stockland is one of the most diversified property stocks consisting of master- planned communities, town centres, workplaces, logistics properties and land lease communities, all of which finished 2022 lower than what they began the year at. But with a relatively healthier debt position, positive underlying market trends in its portfolio and trading at cheap multiples, Stockland could be set to bounce back ahead of its peers.