Summerset Group Holdings Limited
3.84
EUR
0.00
(0.00%)
ISIN
NZSUME0001S0
Return %
Stock
S&P 500
1Y
-27.55
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
NZD
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
NZD
•
in mil. unless spec.Semi-annual Revenue
NZD
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in mil. unless spec.Semi-annual Earnings Per Share
NZD
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in mil. unless spec.Semi-annual Dividends Per Share
NZD
•
in mil. unless spec.Company Description
- CEO
- Scott Grady Scoullar
- Full Time Employees
- 2,290
- Sector
- Health services
- Industry
- Hospital/Nursing management
- Address
- Majestic Centre Wellington WGN New Zealand 6011
- IPO Date
- Oct 10, 2011
- Website
- summerset.co.nz
- Similar Companies
- Business
- Summerset Group Holdings Limited operates as a developer and operator of integrated retirement villages and aged care facilities primarily in New Zealand. The company offers a comprehensive range of products and services including independent living units, serviced apartments, villas, townhouses, rest home care, hospital-level care, dementia care, and supported living residences that provide assistance with daily activities. Its revenue is driven mainly by village services income, care fees subsidized by New Zealand's Ministry of Health, and related aged care services. Summerset caters to an aging population with over 8,000 residents across 38 retirement villages nationwide and is recognized as a leading provider in the retirement village development and aged residential care sectors. Founded in 1994 and headquartered in Wellington, New Zealand, Summerset continues to expand its footprint through strategic land acquisitions and village developments. In the last two years, Summerset has notably strengthened its New Zealand portfolio by purchasing multiple new sites including Belmont (Auckland), Paraparaumu (Kāpiti Coast), Boulcott (Lower Hutt), and Blenheim (Marlborough), with plans for new villages and extensions to existing facilities. In 2024, the company added over 1,000 new units to its land bank, the largest in the New Zealand retirement village sector, indicating a strong growth strategy. Summerset has also expanded cautiously into the Australian market through land acquisitions in Victoria with planning permits granted for new villages in Chirnside Park, Torquay, and Oakleigh South. The company reported record underlying profits for the year ending December 2024, reflecting operational resilience and market demand. Recent strategic initiatives include partnering with indigenous groups via share issuance and community opportunities linked to land purchases, emphasizing sustainable growth and local engagement. Summerset operates in the retirement village development, aged residential care, and social assistance sectors, serving a market that includes retirees seeking independent living and residents requiring aged care services. Its business model integrates property development with healthcare provision, supported by government subsidies for eligible residents. The company employs over 3,000 staff and is publicly listed on both the New Zealand Stock Exchange (NZX: SUM) and Australian Securities Exchange (ASX: SNZ). Summerset competes in a mature market with peers like Ryman Healthcare and Metlifecare and is focused on enhancing its service offerings and operational footprint to capture demographic growth in aging populations across New Zealand and Australia. Julian Cook serves as CEO, guiding the company's ongoing expansion and operational strategies.