Ryman Healthcare, which operates two retirement villages in Dunedin, is expected to report a strong result tomorrow in line with its guidance range and close to its long-run target growth rate of 15%. Forsyth Barr broker Lyn Howe said following a relatively quiet first half in terms of new stock delivery, the second half would be significantly stronger. ''We expect Ryman to maintain sector-leading aged care occupancy and very low resales vacancy.'' The result was likely to be boosted by care revenue and deferred management fee growth, strong resale volumes, pricing and margins. Development margins and new sales would improve in the second half.
Source: Otago Daily Times May 16, 2018 17:03 UTC