Stockland says sees lower residential profit

MELBOURNE, April 23 (Reuters) - Stockland Group (SGP.AX), Australia's second-biggest property trust, said its pre-tax profit from its residential business was likely to be A$60 million ($42.3 million) below previous guidance in fiscal 09 due to impairments. Stockland said in a statement on Thursday it was sticking to guidance for its distribution per security at 34 cents in fiscal 2009, but said it would adjust its policy to one which aligns distributions with funds generated from its operations. (Reporting by Sonali Paul)