Ryman profits soar 23pc
Things are booming at rest-home builder and operator Ryman Healtcare, with profits growing and a pipeline of new villages underway.
Things are booming at rest-home builder and operator Ryman Healtcare, with profits growing and a pipeline of new villages underway.
Ryman Healthcare plans to increase resident numbers by 70 per cent in the next five years in New Zealand and Australia as it also mulls an ASX listing.
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.
Ryman Healthcare posted a 24pc gain in annual profit to $241.9m as the value of its properties increased and revenue rose.
Ryman Healthcare has the green light for a $100 million Pukekohe retirement village for about 400 people south of Auckland.
Neighbours have failed to stop Ryman Healthcare getting consent for a $100 million-plus village between Greenlane and One Tree Hill.
New Zealand shares rose yesterday, heading back towards a record high after a two-day slide.
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.
Simon Challies of retirement village operator Ryman Healthcare has been named executive of the year and Air New Zealand company of the year at the Deloitte Top 200 Awards.
Ryman Healthcare's application to build a retirement village in Greenlane has drawn strong community reaction both for and against the $100 million-plus project.
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Tropicana, one of the biggest privately owned blocks of land in inner Auckland, has been sold to retirement giant Ryman Healthcare.
Ryman Healthcare, the country's biggest listed retirement village operator and developer, has bought land in Wellington which it plans to turn into a boutique village.
NZ shares rose yesterday, led by Goodman Property Trust, after the property investor said full-year net profit rose 72 per cent. Trade Me and Xero paced the gains while Ryman Healthcare fell ahead of reporting earnings today.
Local hapu Ngati Whatua Orakei now says it isn't selling a prime piece of Auckland waterfront land to retirement village operator Ryman - it's only leasing it.
NZ shares were mixed yesterday as investors cast forward to next month's earnings season, and as regional markets mulled this week's Federal Reserve meeting.
Earnings from NZ's biggest listed retirement village specialist, will rise phenomenally as it builds new accommodation, an expert has forecast.
Simon Challies is an innovative thinker whose time at the helm of Ryman Healthcare has been critical to the firm's success, says David Kerr, chairman of the retirement village operator.