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Arvida sees ‘green shoots emerging’ as housing market improves

It comes as the company’s net debt jumped by 37% to close to $750 million.

Arvida’s Queenstown Country Club.

Key points
  • Revenue: Up 12% to $122.1m.
  • Profit: Up 1% to $90m.
  • Main takeaway: Arvida believes the property market is turning a corner, which could lead to improved settlement times for incoming residents. 

Arvida Group says it’s starting to see “green shoots emerging” within in its business, after coming through a challenging operating period, which was defined by high inflation, rising interest rates, and a softer housing market.

The NZX-listed retirement village operator has just posted a $90

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Key points
  • Revenue: Up 12% to $122.1m.
  • Profit: Up 1% to $90m.
  • Main takeaway: Arvida believes the property market is turning a corner, which could lead to improved settlement times for incoming residents. 
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Arvida sees ‘green shoots emerging’ as housing market improves
Investment,
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