Arvida reports $8.2m loss, ongoing development

Retirement village operator, Arvida, has reported a net loss of $8.2 million for the six-month period ended September 30, 2023.

The company's operating ebitda dropped 1% to $43.7mi, while operating revenue increased by 5% to $131.9m.

Arvida's total assets reached $4.7b, and its total equity stood at $1.6b.

The company said development activity is ongoing, with the delivery of 200-220 new units expected by the end of the 2026 financial year.

The completion of the Bethlehem Shores Care and Apartments complex is on track for March 2026.