Senior Trust Retirement Village Income Generator Reports $12.7M Annual Profit

Senior Trust executive director John Jackson said, “We are committed to continuing to leverage the capabilities of our experienced team to deliver shareholder value to our investors while contributing to the provision of much-needed, quality senior living options across New Zealand.”

Read the full article here: https://www.scoop.co.nz

Key highlights include:

• Profit for the year = $12.7 million

• Gross distributions to shareholders = $12.57 million

• Shareholder capital = $198 million

• Zero debt = Senior Trust repaid all bank debt during the financial year

• Distribution rate paid = 7% (pre-tax) per annum

• After distribution payments, retained earnings in excess of $1 million

The audited financial report can be viewed at www.seniortrust.co.nz/annual-report

Having made operational changes to the business, STIG recently lodged a new Product Disclosure Statement (PDS). The updated PDS reflects these amendments, which needs to be considered when reviewing Senior Trust’s track record and provides comprehensive, up-to-date information for investors.