Ingenia Communities Group rises; Morningstar says shares undervalued

Ingenia Communities

01/07/2026 06:47

     ** Shares of Australia's Ingenia Communities Group INA.AX rise as much as 1.1% to A$4.47
** Morningstar lifts its fair value estimate for company to A$5.70 on the time value of money, adding that shares are undervalued
** However, the impact of higher interest rates and negative media coverage of exit fees by land lease operators is a concern
** Says that while it expects temporary weakness in housing sales and prices over 2026, structural demand remains intact, supporting Morningstar's 10‑year sales volume CAGR outlook of 5%
** The research investment firm says that house sales are driven by an aging population and rising cost of living
** Down ~14% YTD, including the session's moves
     

 (Reporting by Anjali Singh in Bengaluru)
 ((anjali.singh2@thomsonreuters.com;))