3 stories mentioning ASX:INAUpdated 52m ago
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Ingenia Communities Group (ASX:INA) has an average rating of buy and mean price target of AU$5.02, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Ingenia Communities Group (ASX:INA) said it is on track to deliver fiscal 2026 results at the top end of its guidance range as the business continues to be supported by stable annuity-style cashflows, according to a Wednesday filing with the Australian bourse.The company guided for fiscal 2026 underlying earnings per share of AU$0.325 to AU$0.34, representing growth of 5% to 10% from fiscal 2025, and earnings before interest and taxes of AU$180.5 million to AU$188.7 million, up 10% to 15% from the previous year.Ingenia anticipates fiscal 2026 settlements in the range of 560 to 575 homes after it acquired or secured more than 3,400 potential home sites in the second half of the fiscal year.Additionally, the company has launched a sale process for lower growth assets that is expected to release about AU$140 million in capital over the next six months.Ingenia Communities' shares rose 4% in recent Wednesday trade.
Ingenia Communities Group (ASX:INA) entered into an enforceable undertaking with Consumer Affairs Victoria (CAV), after units in its Ingenia Gardens rental communities in Victoria were not supplied with cooking facilities from March 2021 to May 2026, according to a Monday Australian bourse filing.The company said residents who lived in units without cooktops will be paid AU$15.89 per week of occupation as compensation, plus a lump sum of AU$50 in recognition of the frustration and denial of their rights, with total compensation not expected to surpass AU$1.5 million, the filing added.Ingenia has also agreed to pay AU$100,000 to the Housing for the Aged Action Group and AU$1 million to the Victorian Consumer Law Fund, the filing said.The company said it has completed a remediation program by providing cooktops to all impacted properties, working closely with residents to ensure safety and efficiency, per the filing.The company's shares fell 1% in recent Monday trade.
