Promisia Healthcare announces increase in facility valuations for FY25

Promisia Healthcare (NZX:PHL) reported an increase in the aggregate value of its facilities as of March 31, 2025. Valuations conducted by CBRE on three facilities—Nelson Street, Aldwins House, and Ranfurly Manor—resulted in an increase of approximately NZD3.7 million, bringing the total aggregate value to NZD54.45 million. This represents a 7% increase compared to March 31, 2024. The key drivers behind this increase included operational efficiencies across Ranfurly Manor and Aldwins House, a year-on-year increase in occupancy at both facilities, and ongoing conversion of the dementia wing at Nelson Street. Valuations of Promisia's newly acquired Cromwell assets (Ripponburn and Golden View) undertaken in October 2024 will be used for the March 31, 2025 year-end reporting. The company expects to release its full-year results before May 30, 2025.