INA 0.00% $5.02 ingenia communities group

Ann: Acquisitions and Equity Raising Investor Presentation, page-2

  1. 4,140 Posts.
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    It looks like interesting acquisitions :
    - in their core businesses of senior housing (development + management) and domestic travel (holiday park management), across 3 states (NSW, VIC and QLD),
    - mix of mature assets (with apparently good yield) and greenfield projects,
    - increasing both their EPS (mid to high single digit for FY22) and NAV (from 3.03 $ to 3.47 $),
    - financial situation (post deal) looks also OK, with LVR of 29.1 % (vs 22.2 % before acquisitions).
 
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