SUM
07/01/2016 08:30
QUARTER
PRICE SENSITIVE
REL: 0830 HRS Summerset Group Holdings Limited
QUARTER: SUM: 4Q15 Metrics - Sales of Occupation Rights
NZX & ASX RELEASE
7 JANUARY 2015
4Q15 METRICS - SALES OF OCCUPATION RIGHTS
Summerset Group achieved 146 sales for the quarter ending 31 December 2015,
comprising 90 new sales and 56 resales.
The 90 new sales over the quarter hit a high for the Group for the 2015 year,
while resales were slightly less than previous quarter results. In terms of
total sales over FY15, the Group experienced its strongest year to date with
578 occupation right agreements sold, a 26% increase on the prior year with
new sales up 16% and resales up 42%.
Summerset CEO Julian Cook said, "We are seeing strong demand across all of
our sites across the country for new sale and resale stock. A key driver of
our strong quarter on quarter results for new sales over FY15 is the result
of continuing development across a number of villages. We have seen a greater
number of resale units become available to sell this year which has led to
the large increase in resales for the year."
This year Summerset's Ellerslie village will open in Auckland.
FY15 SALES OF OCCUPATION RIGHTS
See attached table
FY14 SALES OF OCCUPATION RIGHTS
See attached table
NOTES:
o Quarterly metrics on occupation right sales are provided by the 10th of the
month following the end of each quarter.
o The quarterly sales metrics provided may not necessarily reflect NZ IFRS
financial performance for the corresponding period. In particular, key items
in the income statement, such as the fair value movement of investment
property, are dependent on several variables, of which one is occupation
right sales. NZ IFRS financial performance is calculated for the periods
ending 30 June and 31 December each year.
ENDS
For investor relations enquiries:
Scott Scoullar
Chief Financial Officer
[email protected]
04 894 7320 or 029 894 7317
For media enquiries:
Jen Murray
Head of Marketing and Communications
[email protected]
04 894 6993 or 027 601 2001
End CA:00276073 For:SUM Type:QUARTER Time:2016-01-07 08:30:09
