Ingenia Communities Group (ASX:INA), a leading owner of seniors-focused communities, has raised its FY25 guidance on the back of strong performance in the first half.
The group is now forecasting FY25 EBIT between $162m and $165m, marking a growth of 20–23% on FY24, an increase from the previous target of $148m to $155m. Underlying EPS guidance has also been raised to 29.0–30.0 cents, up from the prior 24.4–25.6 cents.
CEO John Carfi commented: “Simplifying our operations, driving efficiency, and improving returns—particularly from our development activities—are starting to show tangible results.”
Key contributors to the updated guidance include:
– Exiting a sub-scale managed funds business.
– Cost-saving measures exceeding initial expectations.
– Increased home settlements, with 258 homes sold in the first half and a strong sales pipeline indicating growth in the second half.
– Lower interest costs due to reduced drawn debt and increased hedged positions.
– Anticipated reductions in the effective tax rate due to accelerated amortisation of infrastructure and facilities.
The development business has maintained home sales margins despite cost pressures and is set to benefit from new projects coming online.
Ingenia’s residential communities and holiday parks continue to deliver stable returns with high occupancy and strong forward bookings.
