ARV - Arvida Retirement Villages

[trader_jackson]

Solid result ...in line with overall sector performance

Underlying profit if $23m is underlying eps of 7.7 cents (weighted average) or 7 cents on actual current numbers

So valued at the moment about the same as SUM ...with similar growth rates

Yes, except much higher dividend, and much more conservatively geared... oh and we haven't started talking about greenfield development (which is about the only reason SUM is growing so strongly)

... until now that is: (as I predicted about 2 years ago)

"Greenfield Acquisition On 23 May 2017, a conditional agreement was entered to acquire 8.2 hectares of bare land in Richmond, Nelson. The acquisition at $11 million is subject to completion of re-zoning and subdivision as it forms part of a larger residential subdivision to be developed. The site provides for a $100 million retirement village and integrated care development."