In this second video interview Gary Rollo catches up with Ingenia Communities Group (ASX:INA) Chief Executive Officer, Simon Owens to discuss the company’s strategy for profitably growing through Australia’s ageing demographics investment theme.
Every day in Australia around 650 people turn 65, and that’s going to continue for the next 30 years. So, there is a massive runway of opportunity ahead.
In Australia there’s somewhere between 2,500 and 3,000 new homes in this lifestyle space being delivered every year. Ingenia has by far the largest development pipeline with nine communities currently in various stages of development. For the year to 30 June 2020, the company sold 330 homes. This year they are tracking for somewhere between 350 and 400 new homes.
In this video Gary and Simon discuss the company’s balance sheet and how this growth will be funded.
In Part 1 of this interview Simon covers the two aspects of the Australian property market that Ingenia focus on seniors housing and lifestyle communities and holiday parks. You can watch this here: INGENIA’S HOLIDAY PARK MARKET IS BOOMING!
You can also read more about Ingenia Communities Group and the tailwinds in an article we published in November 2020: GOOD TIMES AHEAD FOR INGENIA COMMUNITIES
The Montgomery Small Companies Fund owns shares in Ingenia Communities Group. This video was prepared 01 December with the information we have today, and our view may change. It does not constitute formal advice or professional investment advice. If you wish to trade Ingenia Communities Group you should seek financial advice.