- New Zealand has a well-established network of various retirement village communities spread across its land.
- ASM scheduled next week by Radius Residential Care.
- Oceania Healthcare had recently issued seven-year secured fixed-rate bonds.
Retirement living is increasingly gaining popularity among the elder population as it offers an array of benefits and facilities.
Apart from developing community spirit, these retirement villages boast good on-site security, healthcare, specialised services, and numerous other facilities like gyms, hair salons, swimming pools, and many more.
Here in this article, we would look at the five most sought-after NZX-listed retirement stocks.
Image source: © 2021 Kalkine Media New Zealand Ltd, data source- Refinitiv
Radius Residential Care Limited (NZX:RAD)
Established in 2003, Radius Residential Care Limited is one of the leading providers of retirement villages with over 20 locations across New Zealand. The Company has revealed to hold a virtual Annual Shareholders’ Meeting on 22 September.
On 17 September, at the time of writing, Radius Residential Care was trading flat at NZ$0.550.
Oceania Healthcare Limited (NZX:OCA)
Oceania Healthcare Limited specialises in aged care living. The Company has recently revealed the interest rate for its seven-year secured fixed-rate bonds, which is set at 3.30% per annum.
These bonds were issued on 13 September and would mature after seven years, i.e., on 13 September 2028.
It must be noted that the first interest payment would be made on 13 December this year.
At the time of writing, Oceania Healthcare was trading up by 1.30% at NZ$1.560 on 17 September.
Arvida Group Limited (NZX:ARV)
With 32 retirement communities across Kiwi land, Arvida Group Limited offers a wide range of retirement living options. The Company has shared the results of its Annual Meeting, which was held in Christchurch.
Resolutions were passed for the election and re-election of the directors. Moreover, the Board was authorised to fix the fees and expenses of its auditors for the ensuing year.
On 17 September, at the time of writing, Arvida Group was up by 0.96% at NZ$2.110.
Ryman Healthcare Limited (NZX:RYM)
Founded in 1984, Ryman Healthcare Limited operates 43 retirement villages across Australasia. The Company has appointed Richard Umbers as its Group Chief Executive Officer.
Umbers would replace Gordon MacLeod and join RYM on 25 October.
Shares of Ryman Healthcare were dipping by 0.60% at NZ$15.010 on 17 September.
Third Age Health Services Limited (NZX:TAH)
Functioning as a primary care provider, Third Age Health Services Limited offers residential care and secure dementia facilities for the aged population of New Zealand.
Recently, the Company published the results of its ASM, wherein ordinary resolutions were passed for the re-election of Bevan John Walsh and Wayne Geoffrey Williams as the directors of TAH.
A resolution was also passed to elect Diane Lynn Budres as the Company's director and has granted authority to other directors to fix the auditor's remuneration.
At the time of writing on 17 September, Third Age Health Services was surging by 2.88% at NZ$2.500.
New Zealand offers world-class retirement villages, which take utmost care of its aged residents. Moreover, these retirement villages gained huge popularity amid recent times of the pandemic as they left no stone unturned to safeguard their residents from the ghastly pathogen by adhering to all the requisite safety norms.