Retirement sector carnage overdone: Forsyth Barr

Ryman Healthcare, whose shares have been battered the most, has about a 20% buffer. (Image: Deposit Photos)

Tue, 15 Mar 2022

The carnage afflicting the shares of retirement village operators in the last few months has been an over-reaction to the slowdown in the housing market, according to Forsyth Barr analysts.That's because the relative pricing of retirement units, despite recent price increases, is still well below their pre-covid relationship with house prices.Aaron Ibbotson and Matt Montgomerie note the four major listed companies could raise the prices of their retirement units by a further 15%-to-20% and that would only take them to the pre-covid level of...

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