Lifestyle Communities Reports 50.4% Rise in Fiscal Year-to-Date Home Sales, Shares Fall 3%
Lifestyle Communities (ASX:LIC) reported 56 new home sales to date in the fourth quarter of fiscal year 2026, up from 43 in the third quarter, taking fiscal year-to-date sales to 209, a 50.4% increase on the 139 sales in fiscal year 2025, according to a Thursday Australian bourse filing.The company said inventory of unsold homes fell 53.2% to 126 as at May 31, from 269 at June 30, 2025, while net debt declined AU$182.8 million to AU$277.7 million as at May 31, from AU$460.5 million at June 30, 2025.The company said 230 new home settlements have been completed as of June 15, with nine new customers booked to settle before June 30, and holding unconditional contracts on their current homes.There are 217 contracts on hand for homes that will be available for settlement in fiscal year 2027 and beyond, it added.The company's shares fell 3% in recent Thursday trade.
