Ingenia Communities posts buoyant ASX update
Ingenia hits the accelerator
- Land grab: 3,400+ new sites added in six months
- War chest: $140m asset sell-down to fund growth
- Flying high: FY26 tracking to top-end guidance
- Big runway: Pipeline tops 8,000 future homes
The land lease, rental and holiday park operator has announced a series of acquisitions while divesting underperforming assets.
Ingenia Communities released a business update to the ASX today, revealing:
- FY26 settlements anticipated in range of 560 to 575 homes;
- Development pipeline expanded – over 3,400 potential home sites acquired or secured 2H26;
- Construction programs remain on track, with ongoing improvement in development margins and cash creation;
- Holidays performance resilient, with forward bookings ahead of prior year;
- Commenced sale process for lower growth assets, providing $140 million capital for growth in development;
- On track to deliver FY26 result at the top of guidance range; and
- EBIT of $180.5 to $188.7 million (growth of 10% to 15% on FY25) and underlying EPS of 32.5c to 34.0c (representing 5% to 10% growth on FY25).
CEO John Carfi said: “The Group is well positioned to deliver at the top of guidance and to navigate changing market conditions. The business is underpinned by a strong and stable revenue base from our established land lease and rental communities and resilient holidays performance. Long-term demand drivers – an ageing population, lack of housing supply and desire for affordable living – remain firmly in place, with the commencement of new projects providing a runway for settlements growth.”
Acquisitions increasing
Ingenia Communities, to date, has contracted or settled close to 1,600 potential land lease lots across six sites in New South Wales, Victoria and Queensland.
“A further eight sites in Victoria and New South Wales, with potential for over 2,000 lots, have been secured and are expected to be contracted and settled during FY27 and FY28, while an additional 670 lots are in due diligence,” read the update lodged by Chair Shane Gannon.
“Combined, these increase the Group’s pipeline to over 8,000 potential land lease lots, supporting growth beyond the Five-Year Plan. More than 3,200 sites have approvals in place – supporting medium term settlements consistent with the target to deliver 10-15% CAGR (Compound Annual Growth Rate) in Group settlements over the five years to FY29.”
Ingenia Communities’ results will be held on 25 August 2026.
