• Ingenia Communities Group (ASX: INA) is in discussions with Peet Limited (ASX: PPC) and potential capital partners.
• Discussions aim to accelerate growth in the land lease segment.
• Focus on enhancing security holder value through scale and improved financial strength.

Ingenia Communities Group (ASX: INA) addresses recent media speculation by confirming ongoing discussions with Peet Limited (ASX: PPC) and potential capital partners. These discussions aim to extend the Group's land bank beyond its 5-Year Plan and access additional capital sources. The Group's primary focus remains on enhancing security holder value through increased scale, growing exposure to housing demand, and improved financial flexibility. However, due to the preliminary nature of these discussions, Ingenia does not believe it is appropriate to comment further at this time as there is no certainty that the discussions will result in any form of transaction.

Ingenia does not provide financial guidance or outlook at this time due to the preliminary nature of the discussions.