Ryman Healthcare (RYM) Q1 2027 TU earnings summary

Executive summary

• Achieved 325 sales of retirement living occupation right agreements (ORAs) in Q1 FY27, comprising 265 resales and 60 new sales.

• Resale volumes increased 7% year-over-year, with serviced apartments showing strong demand.

• New sales stock reduced by 65 units to 414 units, with robust performance at key villages.

• Aged care occupancy in mature centres remained high at 96.1% in Q1 FY27.

Financial highlights

• Combined penetration of room premiums and capital products in NZ aged care centres rose to 87.1% at June 2026 from 85.9% at March 2026.

• Average incoming refundable accommodation deposit (RAD) in Australia exceeded A$750,000 in Q1 FY27.

Outlook and guidance

• On track to deliver FY27 build guidance of 157–168 retirement living units and aged care beds, with all deliveries expected in the second half.

• Further stock reduction and progress toward FY29 $500 million cash release target anticipated over FY27.

• Objective to lift retirement living resale volumes to match turnover by year-end.