Increase in Promisia Facility Valuations for FY24
Market Announcement
13 May 2024
INCREASE IN PROMISIA FACILITY VALUATIONS FOR FY24
Promisia Healthcare Limited (NZX:PHL) is pleased to advise the market of an increase in the
aggregate value of its facilities as at 31 March 2024.
Promisia engaged CBRE to undertake valuations on each of its four facilities as at 31 March 2024 as
part of its usual financial reporting processes. Those valuations have now been received and the
aggregate result is a valuation increase of approximately $7.0m to $59.4m for Promisia’s facilities.
This represents a 13% increase from 31 March 2023.
The key drivers behind this increase are operational efficiencies and improvements that Promisia has
achieved at the facilities and Promisia’s successful sell down of occupation rights agreements
throughout FY24.
Promisia is currently completing its full year results and they will be released to market on or before
30 May 2024 and will contain further information.
ENDS
Approved for release by Promisia Chair, Rhonda Sherriff.
For media or investor assistance, please contact: Francisco Rodriguez Ferrere, General Manager –
Finance, Promisia Healthcare Limited
Phone: +64 21 245 1801 or email: Francisco.rf@promisia.co.nz
About Promisia Healthcare
Promisia is a New Zealand based aged care and retirement living provider, with a focus on delivering
quality personalised care. Our aim is to be the aged care provider of choice in our communities. Our
facilities are located in well-established and well serviced towns and metropolitan areas. Our goal is
to profitably grow our business in a sustainable manner, delivering quality care to our residents,
peace of mind to their families and whanau, and excellent value to our villages, community and
shareholders. Promisia is listed on the NZX (NZX: PHL). http://www.promisia.co.nz.
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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