Surge in Prices for Units Prompts 5% Increase in Ryman FVE to NZD 10
Ryman Healthcare’s first-half fiscal 2018 earnings growth of 11.4% to NZD 17 cents per share exceeded expectations mainly due to a jump in profit on resold units. The average profit for each of the 394 units resold spiked 25% on that recorded in fiscal 2017 to NZD 134,000. Part of the increase was one-off, reflecting a higher-than-usual number of older units, while part was attributable to across-the-board price growth. Market prices for retirement living units and serviced apartments have moved...Ryman Healthcare develops, owns and operates integrated retirement villages, resthomes and hospitals for the elderly within New Zealand and Australia.
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.
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