Business
Why the Summerset (ASX:SNZ) share price is in focus today
The Summerset Group Holdings Ltd (ASX: SNZ) share price is one to watch today after the release of a fourth quarter trading update from the New Zealand aged care operator.
Why is the Summerset share price on watch?
The Kiwi company operates retirement villages and provides aged care services across New Zealand and is dual-listed on New Zealand’s exchange (NZX).
Summerset reported 296 sales of occupation rights for the quarter ended 31 December 2020, including 176 new sales and 120 resales.
A sale of occupation rights refers to the sale of the rights to live in an aged care residence for a defined period of time.
The latest fourth quarter 2020 numbers represented the strongest quarterly sales result in Summerset’s 23-year…
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