3Q25 Metrics - Sales of Occupation Rights

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Stock Summerset Group Holdings Ltd (SNZ.ASX)
Release Time 7 Oct 2025, 7:30 a.m.
Price Sensitive Yes
 Summerset Reports Record 3Q25 Sales of Occupation Rights
Key Points
  • 420 sales for Q3 2025, comprising 244 new sales and 176 resales
  • 29% of sales were Care Occupation Rights Agreements (ORAs)
  • Diverse portfolio with over 52% of NZ sales from outside major cities
Full Summary

Summerset Group Holdings Limited has reported 420 sales of occupation rights for the quarter ending 30 September 2025, comprising 244 new sales and 176 resales. Summerset CEO Scott Scoullar said the company is pleased to continue its first half sales momentum with another record quarter. He noted that the company has worked hard to bring new residents into its villages, and is pleased to achieve its highest ever sales quarter in this difficult market. Summerset has continued to sell new Care Occupation Rights Agreements (ORAs) and convert its care rooms to ORAs as it seeks to improve its care profitability. In Q3, 29% of sales were Care ORAs, with 38% of new sales and 16% of resales being Care ORAs. Mr Scoullar said new and current residents have warmly welcomed this offering as an alternative to paying daily premium charges. Summerset's diverse portfolio continued to be a strength, with over 52% of New Zealand sales coming from outside Auckland, Wellington and Christchurch. Summerset Boulcott (Lower Hutt), Summerset by the Dunes (Pāpāmoa) and Summerset Palms (Te Awa) were the company's highest selling villages for the quarter. The company remains on track to deliver FY25 forecast 650-730 homes by the end of the year, including the delivery of village centre buildings at Cambridge in the Waikato and Cranbourne North in Australia. In Australia, the company is commencing its fourth Victorian village, Oakleigh South, and the first villas at its Chirnside Park village will also be completed with first residents to be welcomed in Q2 2026 when the village will officially open.