Ingenia Communities Group

Congratulations to our exceptional 2024 Elevate Leadership Team! It has been a true privilege working alongside each of you on this incredible journey. Your dedication and collaboration have been inspiring, and I’m excited to see how you continue to thrive and grow. Wishing you all continued success and development in the future.

Ingenia Communities announced the Group’s FY24 result on 20 August 2024, exceeding guidance. Revenue was up 20% on FY23, reflecting the benefit of acceleration in new home settlements, and growth in recurring income from the Group’s Lifestyle, Rental and Holiday Parks portfolios. EBIT of $125.7 million was up 17% on FY23, above the upper end of the guidance range of 10-15% growth. Underlying EPS of 23.3 cents per security was 14% up on prior year. The Group closed the year with a well-positioned balance sheet with an LVR of 32.3%. The result demonstrated a resilient and growing portfolio and early outcomes from recent changes to drive security holder returns as the business transitions from an aggregator of land to an operationally efficient developer and operator. CEO and Managing Director, John Carfi, also presented a pathway to improved returns via a focus on cost reduction, business simplification and efficiency as the business increases the focus on development to enhance returns and deliver scale. The Group is guiding to further growth in FY25. Subject to no material change in the operating environment, the Group is targeting EBIT growth of 10-15% and underlying EPS of 24.4 to 25.6 cps for FY25. A final distribution of 6.1 cents per security will be paid on 19 September 2024. Further information on the result can be found on the Ingenia Communities Group website. 

Join Us in Supporting Ronald McDonald House Charities Australia! 🌟 We are thrilled to announce a special campaign this July as part of our ongoing partnership with Ronald McDonald House Charities Australia. From the 5th to the 7th of July, we will donate $2 per booking per night to RMHC. This applies to all stays across the weekend at our Ingenia Holidays Cairns Coconut, One Mile Beach, and Inverloch parks. Since 2018, Ingenia has proudly supported RMHC, contributing over $360,000 in cash to help families stay close during challenging times. Book your stay at Ingenia Holiday Parks & help us support this incredible cause! Your stay with us not only promises a memorable holiday experience but also makes a meaningful impact in the lives of those in need. #IngeniaCommunities #RMHCAustralia #SupportFamilies #CharityCampaign #MakeADifference #HolidayWithPurpose

These amazing individuals from our Sydney office generously volunteered their morning to a Working Bee at Ronald McDonald House Charities Sydney (rmhcsydney), Randwick bringing enthusiasm, smiles, and hard work to make the home clean and welcoming. It was a heartening experience, and we are proud of our 6+ year partnership with Ronald McDonald House Charities Australia

Ingenia Communities welcomes John Carfi who commences as Group CEO today.   John joins the company at an exciting period as we continue to build out our deep development pipeline of lifestyle communities across the eastern seaboard.   John brings to the role more than 35 years of large company leadership experience and extensive national and international real estate expertise with household names such as Lendlease, Mirvac and Aqualand Australia.   Ingenia’s Board of Directors, leadership team, and all our employees look forward to working with John as he settles into the role. 

Today at Ingenia, we celebrated Diversity and Inclusion with a huge shout out to Women's International Day! Our team members from across Australia came together to participate in an enriching event led by our exceptional Host, Kristy Minter - GM People & Culture, and our esteemed Panel Representatives: Amanda Heyworth - Ingenia Director, Rob Morrison – Ingenia Director, and Kerryn Deacon - Regional Manager NSW & VIC, Residential. Their insightful contributions truly made the Diversity and Inclusion Ingenia Event an inspiring experience for us all. At Ingenia we continue to nurture an inclusive and diverse environment where every voice is heard and valued. #DiversityandInclusion #TeamEngagement #ProfessionalDevelopment #GuestSpeakers #Innovation #TeamWork

A holiday can mean so much more for families when they need it most. It is a chance where families can simply unwind and enjoy precious moments together. Thanks to our generous friends at Ingenia Communities Group and their amazing staff at Ingenia Holiday Parks Phillip Island, Isabel, Giovanna, baby Ernstro and big brother Quintero were able to reconnect together as a family and spend time together away from the hospital. Isabel and Giovanna were beyond thankful for their family getaway, “we didn’t know at the time, but before Philip Island, we were actually disconnected from the world. You helped us create these wonderful core memories that will fuel us through the tougher days and give us hope.” Thank you to our incredible National Corporate Partner, Ingenia Communities for providing this amazing experience to a well-deserving family.

Ingenia Communities announced the Group’s 1H24 result on 20 February 2024. Revenue was up 22% on 1H23, reflecting the benefit of CPI linked rental growth, the addition of new homes and cabins and ongoing growth from Holiday Parks. EBIT (of $55.1 million) was up 34% on 1H23. Underlying EPS of 10.7 cents per security was 27% up on prior corresponding period. Residential communities retain high occupancy, with demand supported by an ageing population and a need for affordable rental accommodation. Tourism rental income was up 11% on 1H23 as domestic travel remains an attractive and affordable option. The development pipeline was extended, with new sites identified (including an additional opportunity within the Joint Venture with Sun Communities) and development approvals obtained for three new communities. A total of 176 new home settlements were delivered in 1H24 with a further 402 homes currently deposited or contracted. The Group is on track to deliver FY24 guidance, with a well-positioned balance sheet and robust demand for quality affordable seniors housing and domestic travel. A distribution of 5.2 cents per security for the first half will be paid on 21 March 2024. Further information on the result can be found on the Group’s website https://lnkd.in/gGjrsFQp

We are delighted to announce the successful launch of the 2024 Elevate Leadership Program at Ingenia! Last week marked the beginning of an exciting journey for 15 selected leaders from various regions of Australia, as they convened at our new Brisbane Office for our 1st Workshop – Foundations. The 2024 Elevate Leadership Program represents a pivotal opportunity for our leaders to undergo a comprehensive LSI self-assessment and development experience aimed at enhancing their leadership capabilities. Over the course of nine months, participants will engage in a dynamic program aimed at developing a deep understanding of Ingenia's leadership framework, cultivating self-awareness and accountability, fostering organisational confidence in receiving and giving feedback, strengthening team relationships, enhancing leadership skills for innovation and adaptability, and empowering leaders in effective presentation delivery. Congratulations to all our Elevate participants, we look forward to sharing more special moments throughout your ‘Elevate’ journey. Stay tuned for more updates as we embark on this enriching journey together! Aaron Dykes, Brewin Kwong, Shelby Taylor, Ben Zelinger,  Stephanie Clark, Max Camden, Toby Cardell, John Bolton, Jay Wei, Mary-Grace Greer, Lwarna Leddicoat, Jenny Powell, , Mercia Neville, Tony Greer.

Ingenia secures development approval for key NSW sites Ingenia Communities Group has made further progress on the Group’s attractive NSW-based development pipeline with approval received for developments at Blueys Beach and Anna Bay, both on the NSW Mid-North Coast. Combined, the sites will provide a further 300 homes, extending the Group’s presence in New South Wales.   Latitude One expansion Land adjacent to the Group’s first greenfield project, Latitude One, at Anna Bay in the Port Stephens region was acquired in 2017. The 12 hectare land parcel has now received approval for the creation of 171 homes. The expansion of the site will provide additional complementary facilities and, combined with the existing community, create a community of 440 homes. The land was originally acquired for $1.25 million.   The development will build Ingenia’s operating footprint in an established cluster. In addition to Latitude One, Ingenia has a range of holiday park and residential investments in the region, including Ingenia Holidays One Mile, Ingenia Holidays Middle Rock, Ingenia Rental Anna Bay and Ingenia Holidays Soldiers Point. Current active developments in the region include Natura (Bobs Farm) and Element (Fullerton Cover). Blueys Beach At Blueys Beach the Group has now received approval of its Stage 2 Development Application which forms the final approval required to implement the Group’s masterplan for the site. The development will see 133 long term homes and new community facilities added to the site, which already has 22 land lease homes in place. The site is located in an attractive region with close proximity to local shops and beaches. The Blueys Beach site was originally acquired in 2017 as a mixed use community.   The approvals are consistent with the Group’s ongoing focus on continuing to extend and expand the development pipeline to secure growth in the rental base over the medium term.  #ingeniacommunities #ingeniaholidays #ingenialifestyle #wecreatecommunity #lifestyleliving #landlease #expansion #community