- Retirement villages in the country offer a stable home for the elderly and retired population.
- Summerset Group Holdings has a witnessed steady business despite COVID-19.
- Interim dividend of 0.58 cents per share for FY21 declared by the Company.
There are several retirement villages in the country that offer a stable home for the elderly and retired population. These abodes contain essential facilities to ensure that the individuals residing there lead a peaceful and comfortable life. They are well-equipped with healthcare and dining facilities along with providing different social activities, etc to keep people entertained.
Let’s have a look at how two of these NZX listed Retirement Villages have fared in the recent past.
Summerset Group Holdings Limited (NZX:SUM)
Boasting 31 retirement villages throughout the country, Summerset Group Holdings is known to be one of the prime options for people looking for homes for the elderly.
According to the half-year (ended June 30) financial results announced in August 2020, it was revealed that the underlying profit witnessed a fall of 6% as compared to the previous year and stood at NZ$45.1 million.
The total assets worth was revealed to be 13% higher from the previous year standing at NZ$3.4 billion, there were 139 new units completed, the interim dividend was decided to be 6.0 cents per share.
Julian Cook, the CEO of the Company revealed that despite the effects of COVID-19 witnessed in 2020, the business displayed stability. With all safety precautions in place and visitors being prohibited, there were measures taken to safeguard the residents and staff alike.
On 10 February 2021, Summerset Group was trading at $12.89, increasing by 3.29%.
Radius Residential Care Limited (NZX:RAD)
Radius Residential is deals in aged health care and providing homes to the elderly with all modern amenities to ensure that they have a comfortable stay in the twilight years of their lives.
They have 22 retirement home facilities across the country and offer critical care for people suffering from dementia. It was revealed on 5 February 2021, that Radius Residential Care Limited will offer and interim dividend of 0.58 cents per share for FY21. This comes according to the guidance released back in December 2020.
Also, pro forma underlying EBITDA for the Company witnessed a surge of NZ$3 million to become NZ$12.4million in 1HFY21 for the period ended 30 September 2020 in comparison to 1HFY20.
On 10 February, Radius last traded at NZ$1.04, declining by 0.95%.