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Ingenia Communities Group
(Sydney:INA)
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Rating:70Outperform
Price Target:
AU$4.50
â–˛(5.63% Upside)
Action:Reiterated
Date:08/27/26
The score is driven primarily by solid financial performance with improving cash flow and a strong FY'26 earnings delivery, reinforced by a positive earnings call and accretive acquisition rationale. Offsetting these are weak technical trends (trading below key moving averages with soft momentum) and ongoing risks around earnings variability, rising leverage, and near-term headwinds reflected in cautious FY'27 guidance.
Positive Factors
Strong FY26 earnings growth
Strong FY26 earnings growth, including higher EBIT, underlying profit and statutory profit, indicates improved operating execution and profitability. Exceeding guidance provides evidence that recent margin and development improvements are translating into durable earnings capacity.
Negative Factors
Rising leverage
The upward debt trend increases sensitivity to interest costs, asset values and development timing. Although leverage remains workable for a residential REIT, additional borrowing for growth could reduce financial flexibility and amplify earnings volatility through the cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong FY26 earnings growth
Strong FY26 earnings growth, including higher EBIT, underlying profit and statutory profit, indicates improved operating execution and profitability. Exceeding guidance provides evidence that recent margin and development improvements are translating into durable earnings capacity.
Read all positive factors
Ingenia Communities Group (INA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.49B
Dividend Yield2.63%
Average Volume (3M)1.23M
Price to Earnings (P/E)7.9
Beta (1Y)1.01
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. Volume2,348,376
30 Day Avg. Volume1,231,838
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$5.18Price Target Upside21.55% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.37
Revenue Forecast (FY)AU$637.75M
Ingenia Communities Group Business Overview & Revenue Model
Company Description
Ingenia, listed on the Australian Securities Exchange under the ticker 'INA', is a prominent entity within the S&P/ASX 200 index. The company positively impacts over 10,850 residents daily, demonstrating a steadfast commitment to all stakeholders ...
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 | 168.57M | 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
Negative
4.26
Price Trends
4.18
Negative
4.06
Negative
4.31
Negative
Market Momentum
-0.17
Positive
27.78
Positive
15.71
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:INA, the sentiment is Negative. The current price of 4.26 is above the 20-day moving average (MA) of 4.01, above the 50-day MA of 4.18, and below the 200-day MA of 4.31, indicating a bearish trend. The MACD of -0.17 indicates Positive momentum. The RSI at 27.78 is Positive, neither overbought nor oversold. The STOCH value of 15.71 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$10.71B | 10.76 | 9.44% | 5.71% | 14.63% | 18.93% | |
74 Outperform | AU$7.24B | 10.69 | 7.30% | 5.16% | 6.20% | 897.67% | |
70 Outperform | AU$1.49B | 7.93 | 10.91% | 2.63% | 8.14% | 45.13% | |
70 Outperform | AU$261.63M | 15.60 | 6.72% | 2.39% | 23.83% | -23.18% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | AU$613.89M | 12.95 | 7.06% | 1.43% | 38.59% | ― | |
56 Neutral | AU$1.74B | 31.28 | 8.71% | 0.24% | 8.48% | -32.41% |
* Real Estate Sector Average
AU:INA
Ingenia Communities Group
3.65
-1.84
-33.54%
AU:MGR
Mirvac Group
1.84
-0.42
-18.55%
AU:SGP
Stockland
4.41
-1.50
-25.42%
AU:EGH
Eureka Group Holdings Limited
0.61
0.12
25.26%
AU:LIC
Lifestyle Communities Ltd
5.05
-0.40
-7.34%
AU:GLF
Gemlife Communities Group
4.58
-0.02
-0.39%
Ingenia Communities Group Corporate Events
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...
Peet Confirms Talks with Ingenia Amid Ongoing Strategic Review
Jul 10, 2026
Peet Limited has confirmed it is in discussions with Ingenia Communities Group regarding potential corporate opportunities, following a strategic review of its business announced in late 2025. The talks form part of Peet’s effort to assess o...
Ingenia Confirms Strategic Talks on Land Lease Growth
Jul 10, 2026
Ingenia Communities Group has acknowledged recent media speculation, confirming it is in talks with Peet Limited and potential capital partners over opportunities aligned with its strategic objectives. The discussions aim to accelerate growth in i...
Ingenia Communities Updates Market on Cessation of Performance Rights
Jul 8, 2026
Ingenia Communities Group has notified the ASX of the cessation of 97,289 performance rights, effective 30 June 2026, as part of an update to its issued capital structure. The performance rights, recorded under the security code INAAB, have ceased...
Ingenia Communities Targets Top-End FY26 Earnings as Development and Holiday Portfolios Strengthen
Jun 2, 2026
Ingenia Communities has affirmed that it expects to deliver full-year FY26 earnings at the top of its guidance range, underpinned by stronger home settlements, higher development margins and resilient holiday park performance. The group is forecas...
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.