The NZX-listed operator has reported a 29% increase in sales for the December quarter and a 17% increase on the previous corresponding quarter in FY20.
Arvida settles 45 new sales – valued at $42.5 million – and 85 resales – at $36.7 million – for a total of $79.2 million in total, comprised.
CEO and Australian village veteran Bill McDonald said: “We have started the fourth quarter with continued momentum and a strong pipeline of sales for Q4.”
Occupancy in Arvida’s care homes also recovered to 95% in the third quarter of FY20.
The provider says it now expects to continue its run of sales growth for FY21, with a target of 247 new units/beds by the end of the year and 199 expected by the end of the financial year alone.
Arvida has 33 retirement villages across New Zealand with 1,690 care beds, 2,521 retirement units and over 4,700 residents.
