Morningstar optimistic on future earnings of Australia's Lifestyle Communities

Lifestyle Communities

07/04/2025 19:56

** Morningstar analysts maintain fair value estimate of A$8.30 per share for Lifestyle Communities LIC.AX

** Investment research firm optimistic about future earnings of the residential homes developer, underpinned by an aging population and increasing cost of living

** Co reported 50 net home sales in Q3

** Morningstar no longer expects fiscal 2025 dividends with the focus on improving cash flow

** Average rating of eight analysts is "buy"; their median PT is A$9.60 – according to data compiled by LSEG

** Stock down 18.7% so far this year

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com))