Highlights
-
Fully underwritten accelerated non-renounceable pro rata entitlement offer and institutional placement to raise $131.1 million at $3.93 per new security
-
Acquisition of three lifestyle communities, adding 540 income generating sites and 60 development sites
-
Potential to develop over 500 additional home sites via expansion land at one existing community and new Joint Venture greenfield site
-
FY20 EBIT guidance increased to 15-20% growth (was 10-15%); underlying EPS guidance maintained at 5-10% growth
-
Accretive to underlying EPS in FY21
-
Pro forma LVR of 28.5%
-
Pro forma NAV increased to $2.77 from $2.65
-
Capacity to pursue growth initiatives across the Ingenia platform, taking advantage of significant acquisition pipeline
For more information, download the attached PDF.
Download this document
