Ryman Healthcare (ASX:RYM), the trans-Tasman leader in retirement living, announced a sweeping strategic overhaul and a new capital management framework aimed at unlocking value from its $12 billion portfolio.
Speaking at an Investor Day in Christchurch, CEO Naomi James outlined a roadmap to deliver $150 million in sustainable cash flow improvement by FY29, signaling a definitive shift from a period of financial reset to disciplined value creation.
The refreshed strategy centers on a "continuum-of-care" model, positioning the firm to capitalise on a doubling of the 80+ population by 2050.
Key to this financial turnaround is a projected $500 million cash release by FY29, fueled by aggressive land divestments—already totaling $110 million in contracted sales—and a reset of pricing structures.