Ryman reviews fees for future residents

Future residents’ fees may not be fully fixed. (Image: Deposit Photos)

Thu, 01 Aug 2024

New Zealand’s biggest listed retirement village company is considering axing its sector-beating fixed weekly fees for new residents and is also examining its low 20% deferred management fee. Shareholders at Ryman Healthcare’s AGM in Christchurch asked if residents’ weekly fees would remain permanently fixed, prompting the company to say it was under review and future residents’ fees may not be fully fixed.Dean Hamilton, executive chairman, said fixing weekly fees had proven very expensive for the business, which hou...

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