This article is a month old:
The New York based global investment is feeling very bullish about the ASX 200 land lease operator, which has marked 20 years in operation and has a market capitalisation of $1.79 billion. It has 30 communities either developed or being built in and around Melbourne.Goldman Sachs notes "significant cash flow is poised to be unlocked as LIC moves from net development to net settlement in 2H24E."The bank has a buy rating and $25.25 price target on Lifestyle Communities shares. This equates to a return of almost 50% for investors over the next 12 months.Lifestyle Communities was trading at $17.15 last Friday.Lifestyle Communities, which in December announced it had increased its debt to $700 million, forecast in August last year it is planning to deliver 1,400 to 1,700 new home settlements over three years between FY24 and FY26.
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- Must be even more bullish now
Must be even more bullish now
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