Land lease operator to join S&P/ASX 300 Index
Land lease entrepreneur Adrian Puljich is set to notch another milestone, after floating his business on the Australian Stock Exchange in July last year.
The S&P/ASX 300 index, which comprises all ASX 200 companies and around 100 additional small-cap stocks, will add GemLife on 23 March.
“This milestone reflects the strong support we’ve received from investors and the progress our team has made in building a high-quality portfolio of land lease communities across Australia,” Adrian told The Weekly SOURCE.
"We believe the sector has strong long-term fundamentals driven by Australia’s ageing population and demand for lifestyle-oriented housing for Over 50s, and we remain focused on delivering sustainable growth for our securityholders.”
In its FY25 full year results released last month, the Gold Coast-based land lease community operator reported the average home margin (development profit) was $418,000, a 24% increase on the previous year. The average home sale price also increased 18% to $833,000 in FY25.
As of 31 December 2025, GemLife had 208 homes under contract, with 38 more homes with expressions of interest. All 246 homes are expected to settle in FY26.
GemLife says it has 4,071 sites under development and approved, with a pipeline including 2,546 greenfield sites and 1,698 sites to be acquired.
Adrian Puljich founded GemLife in 2016 with backing from Singapore-listed conglomerate Thakral Corp and now serves as Managing Director and Chief Executive Officer of the listed company, which is chaired by Kristie Brown.
