06-09_1100_PromptB3-6_ProviderQuarterlyCheck
2026-06-09_1100_PromptB3-6_ProviderQuarterlyCheck
Sector evidence
Sector body
June 2026
Next review not yet scheduled
New Zealand
Medium confidence
published
SNZ editorial review
Evidence boundary: This record summarises the cited source. It does not establish local availability, individual eligibility, or professional advice.
Short Answer
- Strategic reset: Shift from development-led growth to value creation from $12B+ portfolio
Key Points
- •Strategic reset: Shift from development-led growth to value creation from $12B+ portfolio
- •Land divestment target raised: ~$250M (from $200M); $147M settled/contracted
- •$500M cash release target by FY29: $169M delivered in FY26
- •Resident Fund rolled out NZ-wide for care transition; DMF of 30% now widely accepted
- •7 sites divested for $51.1M within 6 months (exceeded 18-month target)
- •Positive FCF from operations targeted for FY27
Full Summary & Notes
- Strategic reset: Shift from development-led growth to value creation from $12B+ portfolio - Land divestment target raised: ~$250M (from $200M); $147M settled/contracted - $500M cash release target by FY29: $169M delivered in FY26 - Resident Fund rolled out NZ-wide for care transition; DMF of 30% now widely accepted - Build rate: 157–168 units/beds (down from 330) - Capex: $150–$180M (down from $221.8M) - Aged care EBITDAF per bed target: $20k–$25k (FY26: $17.7k) - On track for $150M sustainable CFEO improvement by FY29 ($47M delivered in FY26) - 7 sites divested for $51.1M within 6 months (exceeded 18-month target) - Support office costs reduced ~20% via automation - Positive FCF from operations targeted for FY27 - $30M total cash & cost savings target for FY27 - The Helier (Auckland premium): 74% sold/under application; 97% development recovery 1. UPDATE '2026 Provider Market Refresh Tracker.md' — Update Ryman, Summerset, and Oceania entries with FY26 data, current share prices, and recent developments 2. CREATE web captures for FY26 results investor news pages (if not already captured) — Ryman's investor news page has FY27 guidance details not in the annual report source brief 3. The existing provider source briefs in '11_Market_and_Industry_Reports' are comprehensive and up-to-date for Ryman (FY26), Summerset (FY25 + Q1 2026 + Investor Day), and Oceania (FY26) — no major new briefs needed 4. The Summerset market update should b
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