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The latest announcement is out from Ingenia Communities Group ( (AU:INA) ).
Ingenia Communities Group reported a significant financial performance for FY25, with underlying profit rising by 33% to $126.1 million and statutory profit soaring by 816% due to a previous goodwill write-down. The company exceeded its earnings per share guidance, with a notable 8% increase in total revenue and a 22% rise in EBIT. The growth was driven by an acceleration in development activity, with 520 new home settlements and increased average home sales prices. Ingenia’s strong position is bolstered by its recurring rental business, which continues to thrive amid high demand for affordable rental accommodation, and its tourism segment, which saw a 6% increase in revenue.
The most recent analyst rating on (AU:INA) stock is a Hold with a A$5.50 price target. To see the full list of analyst forecasts on Ingenia Communities Group stock, see the AU:INA Stock Forecast page.
More about Ingenia Communities Group
Ingenia Communities Group is a company operating in the real estate industry, focusing on residential communities. It offers affordable housing solutions through its Ingenia Lifestyle, Ingenia Rental, and Ingenia Gardens segments, targeting the ageing population and providing all-age rental accommodation. The company benefits from diverse assets and resilient revenue streams, supported by government payments and CPI-linked rents.
Average Trading Volume: 1,225,159
Technical Sentiment Signal: Buy
Current Market Cap: A$2.41B
Learn more about INA stock on TipRanks’ Stock Analysis page.