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Investment
4 mins to read

Summerset hits profit high, no intention to raise capital

One analyst believes the retirement village operator ought to consider a cap raise to help grow in Australia.

Summerset’s St Johns village in Auckland.

Nicholas Pointon Fri, 28 Feb 2025
Key points
  • Revenue: Up 17.5% to $313.9m
  • Underlying profit: Up 8.4% to $206.4m
  • Main takeaway: CEO says the company is comfortable with its debt levels as it looks to grow through the cycle.

NZX-listed retirement village operator Summerset Group Holdings says it has no plans to raise capital and is “really comfortable” with its debt levels, after reporting an 8.4% rise in underlying annual profit to $206.4 million this morning.  

The company’s gearing ratio increased to 36.4% from

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Nicholas Pointon Fri, 28 Feb 2025
Contact the Writer: nicholas@nbr.co.nz
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Summerset Scott Scoullar Arie Dekker Jarden Tim O'Loan
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Key points
  • Revenue: Up 17.5% to $313.9m
  • Underlying profit: Up 8.4% to $206.4m
  • Main takeaway: CEO says the company is comfortable with its debt levels as it looks to grow through the cycle.
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
Related News
Investment

Ryman Healthcare seeks $1 billion to reset balance sheet
Investment

Retirement with a view, if you have a spare $6 million
Investment

Summerset adds $200m village in Napier to its pipeline
Investment

Summerset to push into Queensland

Investment

Summerset achieves record units sales in FY23
Summerset hits profit high, no intention to raise capital
Investment,
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