Morningstar - RYMAN HEALTHCARE LTD. (RYM) Morningstar | Ryman Continues to Ride on Momentum, NZD 13.00 FVE Unchanged

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Morningstar

Mathew Hodge

EUR 850.00 For Business Accounts Only

Morningstar | Ryman Continues to Ride on Momentum, NZD 13.00 FVE Unchanged

Ryman Healthcare is a well-managed company operating retirement villages in New Zealand and Melbourne. The company stands to benefit from a fast-growing elderly demographic in New Zealand and Melbourne. We expect Ryman Healthcare's business to expand strongly during the five years to 2024, driven by new construction in New Zealand and Australia and from the resale of existing units as a result of portfolio growth. Historically, rising dwelling prices have boosted the funds retirees have to purchase retirement living units, which contributed to higher selling prices. A softening housing market over recent years has necessitated a pivot toward regions with higher price points to support margins. The company's strong reputation for high standards of service and care, differentiated offer that combines retirement living and aged care plus a low fee structure, combine to underpin its narrow economic moat.

24/05/2019 3 EN

Underlying

RYMAN HEALTHCARE LTD.

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

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NZRYME0001S4 NZX New Zealand

Provider

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.

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Analysts

Mathew Hodge

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Morningstar | Ryman Continues to Ride on Momentum, NZD 13.00 FVE Unchanged

Ryman Healthcare Limited: 1 director

With a more favourable environment, RYMAN HEALTHCARE improves to Slightly Positive

Monthly LMI Update Independent Investment Research

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Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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