close
MENU
Hot Topic Reporting season
Hot Topic Reporting season
Investment
4 mins to read

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

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace
NZ Aviation News

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Aviation News - Monthly

NZ$14.95 / monthly

Already have an account? Login
Contact the Writer: nicholas@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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. 
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Arvida sees ‘green shoots emerging’ as housing market improves
Investment,
101885
true