Ingenia Communities Provided Trading & Acquisition Updates

  • May 27, 2020 AEST
  • Team Kalkine

Ingenia Communities Group (ASX:INA) provided trading and acquisition update

  • Rental inflows from lngenia Lifestyle & Gardens residents remain unaffected and Ingenia Gardens is presently operating at record high occupancy.
  • Holiday communities in New South Wales and Queensland would reopen during June 2020. INA noted strong forward bookings.
  • New home settlements in progress. INA expects 300 plus settlements for FY2020 along with additional 175 agreements & deposits in place for FY2021.
  • Exchanged contracts for the first two acquisitions totalling ~ $33 million which would be financed from the funds raised via Equity raising.




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