Three of the four ASX-listed land lease community and rental village providers Aspen Group, Ingenia Communities and Lifestyle Communities are outperforming the stock market average for the past 12 months.

The ASX200 has risen 2.75% since June 10 last year, yet Aspen Group, which specialises in affordable residential, retirement and short-stay communities, has seen its stock rise 15.38% to $1.80 last Friday.

Aspen Group, which had a portfolio value of $186 million on 31 December 2020, put in a bid for affordable rental accommodation provider Eureka Group in February. It has a market capitalization of $322.96 million.

Lifestyle Communities has seen its shares increase by 15.06%. It owns and operates communities in and around Melbourne.

“By the end of June, we will have 11 projects under development and in various stages of completion, providing a total pipeline of 5,599 homes with 3,550 completed and settled across 28 communities,” Managing Director James Kelly told the ASX in a market update on 30 May.

It has a market capitalization of $1.5 billion.

Ingenia Communities has seen its stock rise by 8.65% in the past 12 months. The owner and operator of land lease communities, all-age rental communities, seniors rental villages and holiday parks, is developing 18 new communities.

It has a market capitalization of $1.64 billion.

Eureka Group, which provides affordable rental accommodation, has seen its stock fall 24.6%. It was trading at 46 cents on Friday.

It owns 33 rental villages, five of which are owned in a joint venture, with an additional 14 villages under management, representing 2,692 units, as of 31 December last year.

It has a market capitalization of $138.49 million.