Ryman Healthcare (RYM) Q2 2027 TU earnings summary

Executive summary

• Q2 FY27 retirement living ORA sales totaled 379: 312 resales and 67 new sales.

• Resales rose 14% YoY to the strongest level in eight quarters; net resale contract volumes increased 11% YoY.

Outlook and guidance

• FY27 build guidance remains 157–168 retirement living units and aged care beds; 142 units and beds were delivered at Richard Hadlee Village in October.

• Target remains to match resales with turnover by FY27-end; operations entered H2 with a healthy contract book.

Segment performance

• Total aged care occupancy was 94.0%, up 3.3 percentage points YoY, with Kevin Hickman Village now full 15 months after opening.

• Mature aged care occupancy was 95.4%, versus 95.7% YoY; Victoria’s five mature centres reached 97.9%, up from 96.1%.

• Q2 sales mix: 171 independent and 208 serviced units; serviced resales were supported by continued strong demand.