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Ingenia Communities Group
(Sydney:INA)
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Rating:76Outperform
Price Target:
AU$6.00
▲(40.85% Upside)
Action:Upgraded
Date:10/21/26
Overall score is driven primarily by solid financial performance (profit rebound and improving cash flow) and a constructive earnings-call outlook that highlights strong FY'26 execution and potentially accretive strategic expansion, balanced by leverage and execution risks. Valuation is supportive with a low P/E and dividend yield, while technicals are positive on trend but show mixed momentum indicators that limit the score.
Positive Factors
Strong earnings growth
Strong FY'26 earnings growth, including a 16% increase in underlying profit and an 18% EBIT rise, indicates improved operating execution. If supported by continued settlements and margin discipline, this provides a stronger earnings base for the next several quarters.
Negative Factors
Rising leverage
The upward debt trend reduces financial flexibility as Ingenia funds development and community expansion. Higher leverage can increase sensitivity to refinancing conditions and leave less capacity to absorb weaker settlements, cost pressure or delays in asset recycling.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong earnings growth
Strong FY'26 earnings growth, including a 16% increase in underlying profit and an 18% EBIT rise, indicates improved operating execution. If supported by continued settlements and margin discipline, this provides a stronger earnings base for the next several quarters.
Read all positive factors
Ingenia Communities Group (INA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.18B
Dividend Yield1.72%
Average Volume (3M)2.95M
Price to Earnings (P/E)11.7
Beta (1Y)0.78
Revenue Growth8.14%
EPS Growth45.13%
CountryAU
Employees1,300
SectorReal Estate
Sector Strength53
IndustryREIT - Residential
Share Statistics
EPS (TTM)0.46
Shares Outstanding407,583,250
10 Day Avg. Volume4,223,938
30 Day Avg. Volume2,945,403
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)1.03
Price to Sales (P/S)3.21
P/FCF Ratio12.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$5.17Price Target Upside21.36% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)0.37
Revenue Forecast (FY)AU$624.88M
Ingenia Communities Group Business Overview & Revenue Model
Company Description
Ingenia Communities Group is a leading operator, owner and developer of communities offering quality affordable rental and holiday accommodation focused on the growing seniors’ market in Australia. Across Ingenia Lifestyle, Ingenia Gardens, Ingeni...
How the Company Makes Money
Ingenia Communities Group makes money primarily through operating and developing communities it owns or manages. Key revenue streams include: (1) Site rental and community fees: In land lease/lifestyle communities, residents typically own or lease...
Ingenia Communities Group Earnings Call Summary
Earnings Call Date:Aug 25, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Feb 22, 2027
Earnings Call Sentiment Positive
The call reported a strong FY'26 operating and financial performance with double-digit growth in core metrics (EBIT +18%, underlying profit +16%, statutory profit +45%), meaningful margin improvement, a significantly expanded development pipeline and a capital-light route to scale via the proposed Peet acquisition (pro forma EPS accretion, larger diversified pipeline and identified synergies). Offsetting factors include cost inflation across construction and operations, softer inquiry/sales timing linked to macro/interest-rate headwinds, regulatory impacts on rent growth, and transactional/implementation risks associated with the Peet deal. On balance, positive execution, improved development returns and the strategic acquisition opportunity outweigh the identified headwinds, though management has prudently issued conservative FY'27 guidance excluding Peet.Positive Updates
Strong earnings and EPS beat
Underlying profit (NPAT) increased 16% to $145.8m and EPS was $0.358, exceeding the top end of guidance. Group EBIT rose 18% to $193m (inclusive of JV operating profits). Statutory profit increased 45%, contributing to a 9% NTA uplift.
Negative Updates
Cost pressures across construction and operations
Ongoing materials and trades cost pressures were noted in development. Operating costs in residential (council rates, waste, maintenance) are rising ahead of CPI. Holidays also experienced higher costs (labor, linen, utilities, OTA commissions).
Read all updates
Q4-2026 Updates
Positive
Negative
Strong earnings and EPS beat
Underlying profit (NPAT) increased 16% to $145.8m and EPS was $0.358, exceeding the top end of guidance. Group EBIT rose 18% to $193m (inclusive of JV operating profits). Statutory profit increased 45%, contributing to a 9% NTA uplift.
Read all positive updates
Company Guidance
Management guided FY‑27 (exclusive of Peet) to growth of 0–10% in both Group EBIT and underlying EPS on FY‑26 (FY‑26 results: Group EBIT $193m, underlying NPAT $145.8m, EPS $0.358; EBIT +18%, underlying EPS +16%), while flagging balance‑sheet capacity (June gearing 31%, ~ $175m funding headroom, WADT 2.8 years). The proposed Peet acquisition is expected to be ~11% EPS accretive on a FY‑26 pro‑forma basis and deliver low‑double‑digit EPS accretion over the medium term (including FY‑27), with a ~5‑year payback, ~ $10m run‑rate cost synergies, no goodwill expected, pro‑forma assets of ~ $4.0bn and net debt ~ $1.2bn (pro‑forma gearing ~29.5%). The deal materially expands scale and pipeline (combined ~35,000 lots, including 5,000–7,000 identifiable land‑lease conversion lots — ~85% residentially zoned; Peet pipeline ~80% active), and is conditional on a 49.9% Flagstone sale at enterprise value $615m (transaction costs ~ $92m to be offset by Flagstone proceeds).Ingenia Communities Group Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
71
Positive
Cash Flow
74
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 560.38M | 529.39M | 466.33M | 395.95M | 338.18M |
| Gross Profit | 335.71M | 331.13M | 287.05M | 254.10M | 212.57M |
| EBITDA | 243.98M | 168.88M | 77.48M | 109.44M | 81.39M |
| Net Income | 186.40M | 128.43M | 14.02M | 64.37M | 100.59M |
Balance Sheet | |||||
| Total Assets | 3.08B | 2.73B | 2.48B | 2.38B | 2.18B |
| Cash, Cash Equivalents and Short-Term Investments | 18.63M | 13.37M | 14.46M | 45.72M | 14.49M |
| Total Debt | 1.01B | 879.04M | 754.15M | 661.67M | 495.60M |
| Total Liabilities | 1.33B | 1.13B | 965.17M | 841.34M | 668.46M |
| Stockholders Equity | 1.74B | 1.60B | 1.51B | 1.54B | 1.51B |
Cash Flow | |||||
| Free Cash Flow | 148.01M | 140.71M | 77.58M | 78.09M | 112.18M |
| Operating Cash Flow | 152.45M | 145.24M | 82.19M | 82.50M | 114.90M |
| Investing Cash Flow | -229.34M | -215.78M | -148.14M | -168.05M | -731.71M |
| Financing Cash Flow | 82.15M | 69.45M | 34.69M | 116.79M | 612.50M |
Ingenia Communities Group Technical Analysis
Positive
4.26
Price Trends
4.37
Positive
4.31
Positive
4.22
Positive
Market Momentum
0.19
Negative
69.45
Neutral
93.45
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:INA, the sentiment is Positive. The current price of 4.26 is below the 20-day moving average (MA) of 4.70, below the 50-day MA of 4.37, and above the 200-day MA of 4.22, indicating a bullish trend. The MACD of 0.19 indicates Negative momentum. The RSI at 69.45 is Neutral, neither overbought nor oversold. The STOCH value of 93.45 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:INA.
Ingenia Communities Group Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$2.18B | 11.65 | 10.91% | 1.72% | 8.14% | 45.13% | |
76 Outperform | AU$10.22B | 10.45 | 9.44% | 5.99% | 14.63% | 18.93% | |
74 Outperform | AU$7.08B | 10.79 | 7.30% | 5.19% | 6.20% | 897.67% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | AU$337.03M | 15.35 | 6.72% | 2.43% | 23.83% | -23.18% | |
58 Neutral | AU$516.64M | 10.90 | 7.06% | 1.43% | 38.59% | ― | |
56 Neutral | AU$1.48B | 26.91 | 8.71% | 0.28% | 8.48% | -32.41% |
* Real Estate Sector Average
AU:INA
Ingenia Communities Group
5.31
-0.18
-3.31%
AU:MGR
Mirvac Group
1.87
-0.32
-14.72%
AU:SGP
Stockland
4.30
-1.68
-28.08%
AU:EGH
Eureka Group Holdings Limited
0.60
0.08
16.05%
AU:LIC
Lifestyle Communities Ltd
4.25
-0.93
-17.95%
AU:GLF
Gemlife Communities Group
3.92
-1.14
-22.48%
Ingenia Communities Group Corporate Events
Ingenia denies talk of third bidder amid takeover speculation
Oct 28, 2026
Ingenia Communities Group has moved to quell market speculation following a media report suggesting a potential third suitor is weighing a bid for the company. In a statement, the group said it has not received any proposal from, nor is it aware o...
Ingenia weighs higher Warburg Pincus bid as AVID matching rights triggered
Oct 27, 2026
Ingenia Communities has received an improved non-binding indicative proposal from Warburg Pincus and co-investors to acquire 100% of its stapled securities at $5.45 per security, plus a permitted distribution of up to $0.05, taking potential total...
Ingenia Updates on Director’s Lapsed Long Term Incentive Rights
Oct 19, 2026
Ingenia Communities Group has reported a change in director John (Gianni) Carfi’s relevant interests in securities, reflecting the lapse of a portion of his FY24 Long Term Incentive Plan (LTIP) Rights. Following the lapse of 68,012 LTIP Righ...
Peet Advances Ingenia Takeover Scheme With Regulator Filing
Oct 11, 2026
Peet Limited has confirmed it has lodged a draft scheme booklet, including an independent expert’s report, with the corporate regulator as part of a proposed scheme of arrangement under which Ingenia Communities Group will acquire all of Pee...
Ingenia details strategic benefits of proposed Peet acquisition
Oct 7, 2026
Ingenia Communities Group has released an investor presentation outlining the strategic rationale, valuation and expected benefits of its proposed acquisition of Peet Limited, a deal aimed at enhancing its development portfolio and capital partner...
Ingenia grants Warburg Pincus due diligence as it weighs rival bid against Peet deal
Oct 4, 2026
Ingenia Communities Group has received a further revised, non-binding indicative proposal from Warburg Pincus to acquire all of its stapled securities via a scheme of arrangement for $5.25 per security in cash, adjusted for any future distribution...
Warburg Pincus Lifts Bid in Fresh Tilt at Ingenia Communities
Sep 27, 2026
Ingenia Communities Group, a major ASX-listed operator, owner and developer of seniors-focused rental and holiday communities in Australia, runs 96 communities and development sites under its Lifestyle, Gardens, Holidays and Rental brands. With a ...
Ingenia Sets 2026 AGM Date and Director Nomination Deadline
Sep 21, 2026
Ingenia Communities Group has announced that it will hold its 2026 Annual General Meeting on 18 November 2026 in Sydney, inviting securityholders to attend in person, with further details to be set out in the formal Notice of Meeting. A key item o...
Ingenia rebuffs Warburg Pincus bid, backs growth strategy and Peet deal
Sep 6, 2026
Ingenia Communities Group, a leading Australian operator of affordable seniors-focused rental and holiday accommodation, runs 96 communities and development sites under several lifestyle, garden, holiday and rental brands, and is listed in the SP/...
Ingenia director Lisa Scenna acquires first stake in stapled securities
Aug 31, 2026
Ingenia Communities Group has disclosed that non‑executive director Lisa Scenna acquired 10,000 fully paid ordinary stapled securities in the company on 28 August 2026 via an on‑market trade. The purchase, at $3.97 per security and out...
Ingenia moves to acquire Peet and launch Flagstone joint venture
Aug 26, 2026
Ingenia Communities Group has unveiled plans to acquire all issued shares in Peet Limited via a court-approved scheme of arrangement, in a move that will combine two established Australian residential developers. As part of the broader transaction...
Ingenia Plans Combination with Peet to Build Leading Australian Living Platform
Aug 26, 2026
Ingenia Communities Group has outlined a proposed acquisition and combination with Peet Limited aimed at creating a leading Australian living sector platform. The transaction overview, strategic rationale, and indicative timetable signal a move to...
Peet backs Ingenia takeover to form major ASX living sector platform
Aug 26, 2026
Peet Limited has agreed to be acquired by Ingenia Communities Group via a scheme of arrangement that will create what is billed as the largest pure-play ASX-listed living sector platform by number of lots. The deal combines Ingenia’s land le...
Ingenia Communities beats guidance as development and rental income drive FY26 profit surge
Aug 25, 2026
Ingenia Communities Group reported a strong FY26 result, with EBIT up 18% to $193.4 million and underlying profit rising 16% to $145.8 million, both exceeding prior guidance. Statutory profit surged 45% to $186.4 million as revenue grew 8% to $555...
Ingenia Communities lodges 2026 corporate governance statement with ASX
Aug 25, 2026
Ingenia Communities Group has lodged its updated corporate governance statement for the financial year ended 30 June 2026, confirming compliance with ASX Listing Rules by hosting the statement on its website rather than in the annual report. The s...
Ingenia Communities Details FY26 Property Portfolio
Aug 25, 2026
Ingenia Communities Group has released its FY26 property portfolio, outlining the composition and scale of its assets for the coming financial year. The portfolio update underscores the breadth of Ingenia’s seniors-focused rental and holiday...
Ingenia Communities Releases 2026 Annual Financial Report
Aug 25, 2026
Ingenia Communities Group has released its financial report for the year ended 30 June 2026 for the Ingenia Communities Fund and Ingenia Communities Management Trust. The report details comprehensive income, financial position, cash flows and chan...
Ingenia Communities Highlights Growth and ESG Focus in 2026 Annual Report
Aug 25, 2026
Ingenia Communities has released its 2026 Annual Report, highlighting the scale and continued growth of its $3 billion portfolio of 104 residential and holiday communities and development sites across Australia. The report underscores the Group...
Ingenia Communities Declares Six‑Month Distribution to INA Securityholders
Aug 25, 2026
Ingenia Communities Group has declared a six‑month distribution of AUD 0.048 per fully paid stapled security for the period ended 30 June 2026, reinforcing its income‑focused proposition to investors. The payment, scheduled for 17 Sept...
Ingenia Communities lifts profit and asset value while maintaining FY26 distributions
Aug 25, 2026
Ingenia Communities Group reported an 8% rise in revenue to $559.9 million and a 45% jump in net profit attributable to members to $186.4 million for the year to 30 June 2026. Underlying profit increased 16% to $145.8 million, with management excl...
Ingenia delays timing of 2026 full-year results release
Aug 25, 2026
Ingenia Communities Group has rescheduled the release of its financial results for the year ended 30 June 2026 to 4:30pm on 25 August 2026. The company will now host its results webcast on Wednesday, 26 August 2026, with further details to be prov...
Ingenia Communities Halts Trading Ahead of Potential Material Acquisition
Aug 24, 2026
Ingenia Communities Group has requested and received a trading halt on its ordinary stapled securities from the ASX, effective 24 August 2026, pending the release of a market announcement. The halt is expected to last until either the start of nor...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.