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Lifestyle Communities Ltd ( (AU:LIC) ) has issued an announcement.
Lifestyle Communities Ltd reported a challenging FY25 with a statutory loss of $195.3 million, primarily due to provisions and write-downs following a VCAT decision. Despite these setbacks, the company showed signs of recovery with improved sales momentum in the second half of the year, a reduction in unsold inventory, and positive operating cash flow. The company is appealing the VCAT decision and has refreshed its strategy to focus on homeowner needs, aiming to strengthen its market position and prepare for future growth. The company plans to continue de-leveraging, improve cash flow, and adapt to shifting market dynamics, positioning itself for the next development cycle expected in late FY26.
The most recent analyst rating on (AU:LIC) stock is a Hold with a A$4.50 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
Lifestyle Communities Ltd operates in the real estate industry, focusing on providing high-quality, affordable housing solutions for Australian downsizers. The company aims to be the preferred choice for downsizers in Australia, renowned for its homeowner experience and sustainable returns.
Average Trading Volume: 774,719
Technical Sentiment Signal: Sell
Current Market Cap: A$638.2M
See more data about LIC stock on TipRanks’ Stock Analysis page.