How are NZX retirement villages stocks doing in December 2021?

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How are NZX retirement villages stocks doing in December 2021?

Retirement villages
Image source: karelnoppe. Shutterstock.com

Highlights

  • With an increase in the ageing population, demand for retirement villages is sure to climb in the future.
  • Oceania Healthcare to pay 2.1 cps as an interim dividend on 20 December.
  • Radius Residential Care too will reward its shareholders this month by paying them a dividend.

Retirement villages are hugely popular among the elderly and aged population of New Zealand as they offer a variety of living options equipped with safety, lower maintenance costs and quick access to medical facilities.

Moreover, these retirement villages provide a range of activities that improve the quality of living.

On that note, let us look at the two most popular NZX retirement villages worth looking at this month.

NZX retirement villages- OCA, RAD

Image source: © 2021 Kalkine Media, data source- Refinitiv

Oceania Healthcare Limited (NZX:OCA; ASX:OCA)

Oceania Healthcare Limited posted a sound performance despite facing uncertainties associated with the pandemic.

Its underlying EBITDA and NPAT climbed by 19.7% and 22.2%, respectively, and amounted to NZ$36.5 million and NZ$27.5 million, respectively, for the six months ended 30 September.

Related Read: Oceania (NZX:OCA) posts an improved interim performance despite COVID-19

Further, OCA's total assets have climbed by nearly 10% since March 2021.

It would pay an interim dividend of 2.1 cps on 20 December, underpinned by the Company’s strong village sales.

Moreover, the Company is well positioned for future growth with a strong development pipeline.

At the end of the trading session, on 3 December, Oceania Healthcare was declining by 2.18% at NZ$1.300.

Radius Residential Care Limited (NZX:RAD)

Radius Residential Care Limited revealed a solid half-year performance of the period ended 30 September 2021, with an 8% increase in its revenue amounting to NZ$66.3 million.

Its underlying EBITDA clocked NZ$11.2 million, majorly on account of increased occupancy levels.

Do Read: Which are 4 NZX penny stocks to explore ahead of 2022?

RAD would distribute an interim dividend of 0.7 cps on 23 December, and the Company expects to take the total FY21 dividend to 1.46 cps.

Moreover, Radius Residential Care anticipates an underlying EBITDA between NZ$21.5 million to NZ$23.0 million and AFFO to be in the range of NZ$4.0 million and NZ$5.0 million.

The Company is in good shape and continues its growth phase backed by a clear and deliverable strategy.

At the end of the trading session, on 3 December, Radius Residential Care was flat at NZ$0.475.

Bottom Line

Retirement villages are specially designed for seniors, ensuring their safety, and offering them quality support and healthcare.

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