Summerset Group posts record first quarter sales growth

Summerset Group (ASX:SNZ) has kicked off 2026 with a robust performance, reporting 365 sales of occupation rights for the quarter ended March 31.

The total, comprised of 177 new sales and 188 resales, represents a year-on-year surge, with new sales climbing 34% and resales up 19% compared to the first quarter of 2025.

CEO Scott Scoullar noted that while the early months are typically subdued due to the summer holiday season, the company maintained momentum, carrying a solid sales pipeline into the second quarter.

The retirement village operator continues to expand its footprint, recently opening village centres in Cambridge and Waikanae.

Expansion remains a core focus, with the Mt Denby and Cranbourne North facilities scheduled for completion in Q2.

Looking ahead, Summerset remains on track to deliver up to 700 new homes in New Zealand and 150 in Australia by the end of the year.

Despite the strong growth, the company is closely monitoring external economic pressures, specifically the impact of Middle East instability on global fuel prices.

Although sales contracts rose by approximately 13% over the last four weeks and customer enquiries reached record highs in March, Scoullar remains cautious.

Summerset is prioritising operational efficiency, including a strategic shift towards an electric vehicle fleet and reduced air travel.