AUS
NZ
UK
CA
USA
IND
Highlights
- Over 21,000 new COVID-19 cases across New Zealand have been reported today.
- Ryman Healthcare continues to witness strong demand for retirement living and aged care.
- Oceania Healthcare's Director seeks a departure from the Company.
New Zealand is struggling with a rapid increase in COVID-19 cases across the country. As per reports, 21,015 new community cases have been detected today, thus taking the total number of active cases in the country to 208,625.
It is noted that the majority of those who are hospitalised are aged 54 and above and are there because of the virus infection, states Dr Ashley Bloomfield, NZ’s Director-General of Health.
Having said that, let us look at the two famous NZX-listed retirement village operators amid the surge in COVID-19 cases.
Source: © 2022 Kalkine Media® data source- EODHD/Others
Ryman Healthcare Limited (NZX:RYM)
Ryman Healthcare Limited is NZ’s leading provider for retirement living, operating for more than 35 years. In its half-yearly report for the period ended 30 September 2021, the Company recorded an unaudited underlying profit of NZ$95.9 million and IFRS profit of NZ$281.5 million, both up by 8.5% and 32.5%, respectively, driven by continued strong demand for retirement living and aged care.
Related Read: A look at top 5 NZX Retirement Village stocks of the month
The Company boasts a solid pipeline of projects so as to maintain its future momentum and continues to upgrade its existing villages to further enhance its residents’ experience.
Further, it had paid an interim dividend of 8.8 cps in December 2021.
At the time of writing on 10 March, RYM is trading flat at NZ$9.450.
Oceania Healthcare Limited (NZX:OCA; ASX:OCA)
Another famous operator of retirement villages and residential aged care is Oceania Healthcare Limited, offering various quality living options to its residents. Last month, its Director, Patrick McCawe, stepped down from his position.
Do Read: Which are 5 best NZX dividend stocks for 2022?
McCawe was also a member of OCA’s Audit Committee and was also involved in its retail bond offer, which occurred both in 2020 as well as in 2021 and capital raise, which took place last year.
The Board acknowledged his immense contribution to the Company.
At the time of writing on 10 March, OCA is rising by 1.94% at NZ$1.050.
Bottom Line
New Zealand’s retirement villages continue to work hard to safeguard the health of their residents and are taking additional measures to protect them.