Key points
- Consistent sales rates comprising mix of off-the-plan and completed stock
- Increased sales of premium product offering have contributed to a rise in average prices
- $192 million in debt free completed stock in process of being sold down
Full summary
Finbar Group Ltd has released its half-year 2025 project update, providing an overview of its development sales activity and project pipeline. The company has reported consistent sales rates comprising a mix of off-the-plan and completed stock, with increased sales of premium product offerings contributing to a rise in average prices. As of February 2025, Finbar has $192 million in debt-free completed stock that is in the process of being sold down at an average of $13.3 million per month. The company's total pre-sales held have reached $281 million, supporting future settlement revenue. Finbar's development pipeline includes several projects at various stages, from completed developments to those under construction and in the planning and approval process. The company's current pipeline is valued at $390 million, with $1.2 billion in projects under construction and a residual pipeline of $'m. Finbar has developed a total of 7,407 units to date, with 708 units under construction and future projects in the pipeline.
Guidance
Finbar has not provided any high-importance, price-sensitive forward-looking financial metrics in this announcement.
Outlook
Finbar has not provided any forward-looking outlook in this announcement.