Ingenia Communities Group
(ASX:INA), CEO and Managing Director Simon Owen, CFO Tania Betts, and COO Nikki Fisher talk FY16 Results.
Ingenia today owns 27 lifestyle communities and we have a further six under contract or option. Supporting these 27 communities is over 2,100 development sites that are secured and 83 per cent of those are in metro or coastal locations.
For the year ended 30 June 2016, our operating cash flow was up 133 per cent to $21 million. The distribution per security is 9.3 cents, that is up 15 per cent on the prior year. Sales momentum continues to build and for the FY16 year we have 107 new home settlements which is double on the prior year.
The set of numbers we have just reported validate our strategy of building a market-leading position in the lifestyle communities sector, a space we only entered into three years ago.
