A NNUAL REP ORT 20 2 1
Incomes, security and wellbeing for our team
Returns for providers of capital
Each village we build creates an economic engine in the community it serves, and its impact ripples out to the whole region.
Since 1999 we have returned 50 percent of our underlying profit to shareholders, and we have invested the other 50 percent for future growth. This reinvestment creates a long tail of compounded earnings – the more we invest, the larger our portfolio grows and the returns compound over time.
A new village creates hundreds of long-term, sustainable and skilled jobs. During the peak of construction, up to 400 workers will be on site each day. Once it is built, the village becomes a hub which provides a livelihood for our team members and their families. Each member of our team is part of a wider community, and their prosperity, happiness and wellbeing at work extend out to their families, and further.
Revenues for our business partners Our network of more than 3,500 suppliers forms part of the wider Ryman family. Many have been with us since the beginning and have grown their businesses alongside us. Our villages also become an economic driver for local businesses, including food suppliers, hairdressers and florists.
This formula has ensured that our shareholders share in our success, and they share in our plans to create value in the medium and long term by building a growing network of villages that are needed to cope with the ageing population. More than $1.03 billion in dividends has been returned to shareholders.
Recycling capital to invest in future growth We listed on the NZX in 1999 and raised $25 million to expand, and to create value for our shareholders by building a portfolio of villages to meet the extraordinary demand for retirement living we saw ahead as the population aged. The value created by our business model for investors is extraordinary. Since 1999 we have invested $5.24 billion in new villages and grown our total assets to $9.17 billion.
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