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Eureka Group Acquires Six Ingenia Communities for AU$123.8 Million, Raises EPS Guidance

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Eureka Group Holdings (ASX:EGH) entered into contracts with Ingenia Communities (ASX:INA) to acquire six lifestyle and mixed-use communities in New South Wales comprising 953 sites for AU$123.8 million, according to a Thursday Australian bourse filing.

The company said the acquisition expands its portfolio to 70 villages, increasing assets under management by 23% to AU$666 million.

Eureka has launched a fully underwritten equity raising of AU$80.2 million via a one-for-3.29 accelerated non-renounceable entitlement offer to partially fund the acquisition, while also securing AU$80 million in new committed debt facilities from Westpac and National Australia Bank, of which AU$53.6 million will fund the remainder of the acquisition and AU$26.4 million will support future acquisitions and developments, the filing added.

The company raised its fiscal 2027 underlying earnings per share guidance to at least AU$0.042, representing 22% growth on fiscal 2026 and 8% accretion on previous guidance of at least AU$0.039.

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