Report
Tony Sherlock

Earnings Kick from Price Inflation Looks Set to Moderate for Ryman. FVE Unchanged at NZD 10

The earnings drivers of Ryman Healthcare’s business have hardly changed in recent years, but the composition of earnings has, with earning getting a healthy kick along of late from strong price appreciation in the value of its residential units. This is born out in the sharp rise in the realised value for each resold serviced apartment, or SA, and individual living unit, or ILU. The blended average gain for SAs and ILUs resold was NZD 116,200 for each unit in the second half of fiscal 2017, up 1...
Underlying
RYMAN HEALTHCARE LTD.

Ryman Healthcare develops, owns and operates integrated retirement villages, resthomes and hospitals for the elderly within New Zealand and Australia.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Tony Sherlock

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