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Ingenia Announces Upgrade to Guidance - Underlying EPS up 10% with Settlements Continuing to Accelerate


- Guidance for FY18 underlying earnings per security (EPS) increased from >15.6 cps to >17.2 cps (up 10% on previous guidance and up 32% on prior year)

- Forecast 280-285 new home settlements for FY18, up 33% on prior year and above guidance

- Close the year with 160 deposits and contracts in place (up 19% on prior year)

- Remain on track to deliver 350+ settlements in FY19 (up 25% on FY18)

- Debt facilities refinanced, providing longer tenure and increased loan capacity

- Contracts exchanged for additional $24.5 million in non-core asset sales

Ingenia Communities Group (ASX:INA) today announced that the Group expected to exceed its FY18 guidance and was well placed to continue its established track record of growth with progress on two additional asset sales and the successful refinance of the Group’s funding facility.

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