NZX & ASX RELEASE
5 OCTOBER 2017
3Q17 METRICS - SALES OF OCCUPATION RIGHTS
Summerset Group achieved 155 sales for the quarter ending 30 September 2017,
comprising 97 new sales and 58 resales.
Summerset CEO Julian Cook said "We are continuing to see good sales and
steady settlements across our villages throughout New Zealand, including
Auckland. The group is on track to deliver 450 retirement units for the year.
A large number of retirement unit deliveries have been late in the third
quarter which will reflect in settlement volumes in the fourth quarter".
YTD17 SALES OF OCCUPATION RIGHTS
See attached table
FY16 SALES OF OCCUPATION RIGHTS
See attached table
NOTES:
o Quarterly metrics on occupation right sales are provided by the 10th
of the month following the end of each quarter.
o The quarterly sales metrics provided may not necessarily reflect NZ
IFRS financial performance for the corresponding period. In particular, key
items in the income statement, such as the fair value movement of investment
property, are dependent on several variables, of which one is occupation
right sales. NZ IFRS financial performance is calculated for the periods
ending 30 June and 31 December each year.
ENDS
For investor relations enquiries:
Scott Scoullar
Chief Financial Officer
scott.scoullar@summerset.co.nz
04 894 7320 or 029 894 7317
For media enquiries:
Louisa Rimmer
Head of Marketing and Communications
louisa.rimmer@summerset.co.nz
04 894 6993 or 027 291 6356
End CA:00308255 For:SUM Type:MKTUPDTE Time:2017-10-05 08:31:48