
Metlifecare profit halves as property value growth slows
The company delivered its full-year result this morning.
The company delivered its full-year result this morning.
Metlifecare has purchased a large new Auckland site for the project.
The retirement giant made $56.5 million in half-year profit.
Merger would put them on firmer ground for a transtasman expansion, First NZ Capital says.
Metlifecare's annual earnings included plans to increase dividends.
Retirement village residents have made a complaint about Metlifecare's handling of repairs
Waitakere residents have lodged a formal complaint over repairs to balconies.
Expert says Fisher & Paykel Healthcare and A2 popular.
According to a report, several retirement villages have paid no tax for at least 10 years.
Infratil has sold its cornerstone stake in Metlifecare for $237.9 million.
New report reveals scale - and risks - of retirement village growth
Metlifecare's leaky building bill has more than doubled from just over $20 million to $44.1m.
New Zealand's second largest listed retirement business recorded a 33 per cent change in the fair value of its investment properties.
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Investors need to consider the increasing debt being taken on by some retirement village operators, according to a report.
Metlifecare, New Zealand's second biggest listed retirement business has pushed profits up a record 86 per cent.
Retirement giant Metlifecare has indicated more of an appetite for Auckland than the Wairarapa with its latest move.
Tell us a bit about your background, before you came to New Zealand.After school I completed a Higher Diploma in Education which led to a six-year teaching career.
Huge demand in the retirement sector propelled Metlifecare to push up net profit after tax 78.3 per cent to $122.7m.
The results of a probe into retirement village residents' complaints and disputes with their owners and managers will be revealed next month and could lead to a shake-up.
An excellent communicator albeit with a quietly confident manner, highly successful but without any arrogance, an affinity with those moving into quiet retirement but with a love of hard-rocking Shihad - Ryman Healthcare boss Simon Challies.
The spectre of a retirement village unit oversupply, high rates of new development in Auckland and deferred management fees higher than those charged by a rival were issues raised yesterday at Metlifecare's annual meeting.
Metlifecare chief executive Alan Edwards told shareholders at the AGM this afternoon how new residents were doing well from their house sales.