Lifestyle Communities Ltd (AU:LIC) has released an update.
Lifestyle Communities Ltd has successfully negotiated terms for three new sites following a $275 million capital raise, potentially adding 740 homes to its portfolio pending due diligence. The company, despite experiencing slower-than-expected settlements in specific Melbourne locations, projects a range of 290 to 310 new home settlements for FY24, and remains on target for its FY25 goals. With a solid operating business and robust resale market, the company shows strong capital growth and continues to expand its community offerings.
For further insights into AU:LIC stock, check out TipRanks’ Stock Analysis page.
