A better year for most

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Regular readers will have seen the chart below where we plot the performance of ASX listed public companies participating in the retirement village sector. In 2009 all but Prime Trust bounced back, with Lend Lease Primelife being the stellar performer for several reasons — see next story. However when you review the past 2 years the ravaging of the sector is plain to see, with Becton leading the declines. As with each of the property conglomerates, this result is deceiving with the village sector — Becton retirement living is performing particularly well within the Becton group, just like the retirement arms of FKP and Stockland. Aevum perhaps reflects most accurately the market value of retirement investment, being the largest pure play village operator — with a 51% decline over two years 38% recovery this year.

2008 JAN 08 NOV 08 DEC 09 % 13mths % 23mths
Becton $3.73 $0.07 $0.11 +36% -97%
FKP / Aveo $6.41 $0.65 $0.75 +15% -88%
BBC/LLP $0.90 $0.17 $0.35 +105% -61%
Prime Trust $0.86 $0.16 $0.12 -25% -86%
Aevum $2.81 $1.00 $1.38 +38% -51%
Lend Lease $17.20 $7.62 $9.19 +21% -47%
Stockland $8.35 $4.20 $3.90 -7% -53%

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