Retirement village operator, Arvida, has reported a net profit after tax of $101 million for the financial year ended March 2025.
The company's operating ebitda increased by 6% to $101m, driven by growth in resale activity.
The value of Arvida's investment property portfolio rose by $331m to $4.2b.
In addition, Arvida's bank facilities were re-negotiated and extended, increasing its total available facilities to $1.075b.
The company delivered 62 new care suites and 29 luxury apartments at its Queenstown Country Club.
Arvida said it expects the residential housing market to gradually improve over the coming year and plans to increase its delivery rate and invest in its development pipeline.
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