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ACC stocks up on THL post takeover pitch
Brent Melville
Tue, 08 Jul 2025
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Summerset sells record number of units in H1
NZX-listed retirement village operator Summerset has reported a record half in terms of unit sales.
The company told the stock exchange it sold 402 units in the three months ended June, comprising 222 new sales and 180 resales.
It was a record quarter for the company and marked its highest ever first half, with total sales of 692 – an 18% increase on a year ago.
“It’s certainly not an easy sales environment for us but we’re very happy with our progress so far this year and we’ll continue to work hard to bring new residents to our villages over the second half of the year,” Summerset chief executive Scott Scoullar said.
He said Summerset’s diverse landbank has been an advantage for the company, with close to half of its sales coming from outside the main centres.
Unsold new stock fell by 6% over the period and contracted new stock rose by more than 50%.
Summerset reiterated that it is on track to deliver between 650 and 730 units in FY25.
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