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Lifestyle Communities Ltd ( (AU:LIC) ) has issued an update.
Lifestyle Communities Limited has announced that the due diligence period for the sale of its Ocean Grove site has concluded, and the contract is now unconditional. The settlement is expected in October 2025, with proceeds of $46.2 million, which may positively impact the company’s financial position and operations.
The most recent analyst rating on (AU:LIC) stock is a Hold with a A$5.70 price target. To see the full list of analyst forecasts on Lifestyle Communities Ltd stock, see the AU:LIC Stock Forecast page.
More about Lifestyle Communities Ltd
Based in Melbourne, Victoria, Lifestyle Communities® develops, owns, and manages affordable independent living residential land lease communities. The company has twenty-nine residential land lease communities under contract, in planning, in development, or under management, serving over 5,800 Victorians.
Average Trading Volume: 834,477
Technical Sentiment Signal: Sell
Current Market Cap: A$660.1M
See more insights into LIC stock on TipRanks’ Stock Analysis page.