Fund Manager Summary
The fund managers believe that Ingenia Communities Group presents a strong investment opportunity following the recent upgrade of its FY25 guidance. In their opinion, the company's development business is performing well, even amid challenges in the construction sector. Additionally, the exit from their sub-scale fund’s management arm has led to cost reductions beyond expectations, allowing for further investment in development. Furthermore, the fund managers noted that Ingenia's debt position is favorable, with less debt drawn down and better hedging than anticipated. These factors contribute to a positive outlook for Ingenia, making it an attractive option for investors looking for stability and growth.
Source: Trading View
Commentary From The Managers
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HMC Capital
30 Sept 2025
$5.44
Summary
- Ingenia Communities ended the quarter broadly flat.
- Delivered solid FY25 results in August, exceeding EPS guidance.
- Stock traded up 4% on the day but later eased back.
- Investment in Ingenia has generated an unlevered IRR for the Fund in excess of 20% as of 30 September 2023.
- Board and management refresh supported by HMC Capital is now delivering results.
- Clear strategy executed with a focus on operating efficiencies and financial returns.
- Strong outlook supported by demographic tailwinds and operating leverage.
- Targeted 5-year settlements CAGR of 10-15%.
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Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Commentary From The Managers
HMC Capital
30 Sept 2025
$5.44
- Ingenia Communities ended the quarter broadly flat.
- Delivered solid FY25 results in August, exceeding EPS guidance.
- Stock traded up 4% on the day but later eased back.
- Investment in Ingenia has generated an unlevered IRR for the Fund in excess of 20% as of 30 September 2023.
- Board and management refresh supported by HMC Capital is now delivering results.
- Clear strategy executed with a focus on operating efficiencies and financial returns.
- Strong outlook supported by demographic tailwinds and operating leverage.
- Targeted 5-year settlements CAGR of 10-15%.
Summary
HMC Capital
31 Aug 2025
$5.87
- Ingenia Communities delivered a solid result with a total return of +13.0%.
- Exceeding EPS guidance, the stock traded up 4% on the announcement day.
- Management is successfully executing the strategy established in August 2024.
- The business is demonstrating positive momentum and a focus on operating efficiencies and financial returns.
- Strong tailwinds from supportive demographic trends are contributing to growth.
- Increasing operating leverage supports the business's potential for growth.
- Targeted 5-year settlements CAGR of 10-15% indicates robust growth potential.
- HMC Capital continues to hold Ingenia Communities due to these positive indicators.
Summary
Oracle Advisory Group
31 Mar 2025
$5.42
- Ingenia upgraded its FY25 guidance, indicating confidence in future performance.
- Development business is performing well, offsetting challenges in the construction sector.
- Exiting the sub-scale fund’s management arm reduced costs beyond expectations.
- This move has freed up resources for further investment in the development business.
- The company’s debt position surprised positively, with less debt drawn down than anticipated.
- Hedging strategies proved better than expected, contributing to financial resilience.
- Overall, Oracle Advisory Group continues to hold its investment due to these strong indications of growth and efficiency.
Summary
Wilson Asset Management
31 Jan 2025
$5.75
- Ingenia Communities Group specializes in residential communities for retirees, emphasizing affordable housing and lifestyle living.
- Recently announced an upward revision in FY25 guidance, indicating stronger financial performance.
- Wilson Asset Management believes the assets within Ingenia Communities Group are undervalued by the market.
- Looking forward to upcoming results to assess management's strategy in unlocking true value.
Summary
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
ANALYST INSIGHT
Equity Research Analyst
"It seems Ingenia Communities Group is navigating a complex landscape with surprising agility, as upgraded guidance and a leaner operation may signal a robust development trajectory, despite broader construction pressures. Investors should watch closely for how this unfolds in a shifting market."
Last Updated: 30 Sept 2025
Query The Data
Frequently Asked Questions
Who is investing in Ingenia Communities Group (ASX:INA)?
Fund managers including Oracle Advisory Group, Wilson Asset Management and HMC Capital have invested in Ingenia Communities Group (ASX:INA).
Why do fund managers invest in Ingenia Communities Group?
Fund managers are investing in Ingenia Communities Group due to its upgraded FY25 guidance, strong performance in its development sector despite construction cost pressures, and strategic cost reductions from exiting a sub-scale fund management arm. Additionally, the company’s favorable debt position, with less debt drawn down and better-than-expected hedging, enhances its financial stability and growth potential.
What happened to Ingenia Communities Group (ASX:INA)?
Fund managers are investing in Ingenia Communities Group due to its strong performance exceeding EPS guidance and its effective execution of a clear strategy focused on operational efficiencies and financial returns. The company benefits from positive demographic trends and aims for a 10-15% CAGR in settlements over the next five years, indicating significant growth potential and robust returns.