Ingenia Communities Group (ASX: INA) - 30% growth in FY18 profit

  • Aug 21, 2018 AEST
  • Team Kalkine
Ingenia Communities Group (ASX: INA) - 30% growth in FY18 profit

Ingenia Communities Group today, 21 August 2018, announced results for the year ending 30 June 2018, posting an increase of 56% to underlying profit of $36.8 million in FY18. The company delivered statutory profit of $34.2 million, up 30% on previous corresponding year. Earnings before interest tax increased to $48 million from $32 million in financial year 2017, driven by significant growth in Ingenia Lifestyle and Holidays business. Underlying EPS was 17.7 cents per share in FY18.

Property group Ingenia Communities developed and sold 287 turnkey homes, thus increasing the rental income earned during the year. Permanent rental income grew by 46% to $21.7 million, Annual rental income increased by 12% to $4.8 million and Tourism rental income grew 38% to $34.9 million following the acquisitions undertaken in FY17.

Operating cash flow of $47.2 million was up 56% on FY17, which is mainly attributable to contribution from recent acquisitions, growing rental flows and increased development volumes.

Its real estate assets at 30 June 2018 were valued at $730.4 million, net of finance leases and resident loans, comprising 31 lifestyle and holiday communities, 26 rental communities and one deferred management fee retirement village asset. During FY18, the group has posted a strong development pipeline of 3,244 sites including recent acquisitions of land at Woolgoolga, Hervey Bay, Upper Coomera and land adjacent to Latitude One.

The board declared full year distribution of 10.75 cents per share, up 5.4% on the previous corresponding year. The final distribution of 5.65 cents per stapled security has been declared, payable on 14 September 2018.

 Ingenia divested the Tasmanian Ingenia Gardens portfolio of five properties, two Lifestyle Communities and one Settlers village in fiscal year 2018.

The group expects to maintain a continuous growth in lifestyle community business in FY19. However, it anticipates that FY19 earnings may get adversely affected resulting from divestments made in FY18.

INA share price continues to fall on Tuesday, 21 August 2018. It was trading at $3.010, down 3.215%, before market close, despite the company announcing notable growth of 30% in profit for FY18.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.


All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK