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 Half Year Report to 30 June.

 

More than

5,700

residents

More than

1,700

staff members

31

Villages completed or under development

10

Greenfield sites

Land bank of

5,241

retirement units

Land bank of

783

care beds

4,225

Retirement units in portfolio

901

Care beds in portfolio

Sales of

264

occupation rights

Trends across the business

Browse highlights from our 2019 Annual Report to 31 December below.

Underlying profit *
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 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 assets
Total equity
Total equity
Net operating cash flow
Net operating cash flow

9 YEAR METRICS SUMMARY