Investor News

GENERAL

Tue, Oct 04 2022 09:39 am

Arvida Group Limited (ARV) is pleased to release the September 2022 edition of its Investor News newsletter.

This edition of our Investor News includes the following topics:
• An update on sales activity for the five month period to the end of August 2022. During this period, a total of 210 sales of occupation rights (new and resale) settled. This is a 6% lift on last year’s volume for the corresponding five-month period;
• Resales activity continued to be a strength with 124 resales settled in this period. Unit pricing on settled resales averaged 6% above pricing assumed by our independent valuers in the March 2022 valuations;
• A recap of the challenges experienced at our care centres during this period from Omicron and staff shortages; and
• An update to our dividend outlook, with a revision for the full year based on trading for the financial year to date.

The newsletter also provides an update on our FY23 construction programme. With 270 new units now programmed for delivery this financial year, we anticipate our stated delivery target will be exceeded.

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