Stockland villages deliver $48M operating profit up 20%
Stephen Bull has delivered a significant jump in real profit from his 69 villages, moving from $40M to $48M in 12 months. More importantly return on assets increased from 4.5% to 5.3%. Compare this to 5 years ago (2010) when the operating profit was...
Stephen Bull has delivered a significant jump in real profit from his 69 villages, moving from $40M to $48M in 12 months.
More importantly return on assets increased from 4.5% to 5.3%. Compare this to 5 years ago (2010) when the operating profit was $9 million and direct ROI is 2.7%.
An indication of the improved efficiency focus is the reduction in refurbishment time of rollover units by 50% and cost by 20% over the last two years. They sold to villages and acquired eight over the 12 months.
Across their established portfolio Stockland also escalated price by 5% and margins by 11% across the 663 units they traded at an average price of $329K.
Stockland is the countrys largest developer of retirement villages. They built and sold 282 units this year, an increase of 8%, the average sales price of $413K, an increase of 6% on 2014
