Property

Ryman's build-rate ramp-up has some analysts fretting about debt

Jenny Ruth
Thu, 28 Nov 2019

Ryman Healthcare is ramping up its build rate after a slow few years and the capital spending that will require has some analysts fretting about how much debt the retirement village operator is taking on.Ryman built 234 new units and beds in the six months ended September and expects that to ramp up to total about 900 for the full year ending March 2020.That will be up from 757 last year and 532 in the 2018 financial year, which was a sharp step down from 781 in 2017.Ryman is planning on lifting the build rate to about 1,600 units and beds a ye...

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Ryman's build-rate ramp-up has some analysts fretting about debt

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