Ryman's retirement resales hit highest level in eight quarters
Ryman signed 379 new retirement living contracts in the quarter, including 312 resales up 14% year-on-year.
Aged care company Ryman Healthcare says the "soft" housing market has not dented demand for its retirement living. In a trading update, Ryman said 379 new customers signed up for retirement living contracts in the quarter.
Of the 379, 312 were resales, up 14% year-on-year and the highest level in eight quarters. Ryman's unsold retirement apartments fell by 67 to 347.
Ryman's full-year forecast of 157 to 169 new retirement units and aged care beds is on track. Aged care occupancy rose 3.3 percentage points to 94%.
Occupancy at mature aged care centres dipped to 95.4% from 95.7%, which Ryman linked to winter illness in some New Zealand villages.
- 379 in the quarter
- New retirement contracts
- 312, up 14% year on year
- Resales
- 347
- Unsold apartments
- 94%
- Aged care occupancy
Why it mattersMany people fund retirement living with their family home, so house values usually shape demand for it.
AustraliaRyman says demand for retirement and aged care is holding up across Australia, and it is expanding in Victoria.
✓ Claims checked against the source. checked 6 h ago
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