We're proud to be a company that makes a difference to thousands of New Zealanders and creates value for investors. We've shown consistent growth and are positioned strongly for the future.
Summerset at a glance
Here's a snapshot from our 2020 Annual Report to 31 December.
More than
6,200
residents
More than
1,800
staff members
32
Villages completed or under development
10
Greenfield sites
Land bank of
5,992
units
Land bank of
1,042
care units and beds
4,442
Units in portfolio
972
Care units and beds in portfolio
Sales of
785
occupation rights
Trends across the business
Browse highlights from our 2020 Annual Report to 31 December below.
Underlying profit *
* Underlying profit is a non-GAAP measure and differs from NZ IFRS profit for the period. Underlying profit does not have a standardised meaning prescribed by GAAP and therefore may not be comparable to similar financial information presented by other entities. The Directors have provided an underlying profit measure in addition to IFRS profit to assist readers in determining the realised and unrealised components of fair value movement of investment property, impairment and tax expense in the Group’s income statement. The measure is used internally in conjunction with other measures to monitor performance and make investment decisions and has been audited by Ernst & Young. Underlying profit is a measure which the Group uses consistently across reporting periods. Underlying profit is used to determine the dividend pay-out to shareholders.
Total assets
Total equity
Net operating cash flow
10 YEAR METRICS SUMMARY
