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Investment
4 mins to read

Summerset to push into Queensland

Fresh from reporting a record underlying profit, the company has its eyes set on expanding its footprint across the Tasman.

Nicholas Pointon Mon, 26 Feb 2024
Key points
  • Revenue: Up 14% to $272.2 million.
  • Net profit: Up 62% to $436.3m.
  • Key Takeaway: The company will look to acquire land in Queensland this year. 

Summerset has its eyes set on Queensland as it looks to accelerate its growth across the Tasman.

The NZX-listed retirement provider is also looking for more sites in New Zealand to add to its land bank, after a relatively quiet year for acquisitions.

The company has been active in Australia since

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Nicholas Pointon Mon, 26 Feb 2024
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.
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Summerset Scott Scoullar retirement village Ryman
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Key points
  • Revenue: Up 14% to $272.2 million.
  • Net profit: Up 62% to $436.3m.
  • Key Takeaway: The company will look to acquire land in Queensland this year. 
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’s shares hit an 11-year low following earnings downgrade
Investment

Ryman delivers ‘disappointing’ trading update

Investment

Summerset achieves record units sales in FY23
Investment

Analysts mixed on Summerset’s debt jump

Investment
2

Summerset not expecting 'fundamental changes' to retirement law

Investment
3

‘Show me the money’ – Summerset waits for aged care funding boost
Summerset to push into Queensland
Investment,
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