Snapshot

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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. 

Below is a snapshot from our 2023 Half Year Report to 30 June.

Summerset at a glance

7,600+
Residents
2,500+
Staff members
39
Villages completed or under development
12
Greenfield sites
6,060
Retirement units in land bank
1,435
Care units in land bank
5,670
Retirement units in portfolio
1,161
Care units in portfolio
483
Sales of occupation rights

Browse highlights from our 2022 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


12 YEAR METRICS SUMMARY