Estia suspends 2020 guidance due to uncertainty over coronavirus – share price falls 17% since Friday ​

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The listed operator says given the uncertain and changing nature of the situation, the Group cannot provide guidance on what will be the impact on their earnings for this financial year. 

Estia currently has no residents or staff affected by COVID-19 and as of 15 March 2020, its occupancy was sitting at 93.8%.

The Group emphasised to the market that its lower capital debt of $106 million and “disciplined” capital management puts it in good stead to meet the challenges the crisis may present – but investors weren’t as sure, its share price dropping from 1.095 on Friday to 0.905 on Monday or 14.6%.

The other listed providers were in a similar boat – Japara also fell 17% in the same period, while Regis dropped 5.6%.