New Zealand Professional Investment Services Firm, Forsyth Barr

Forsyth Barr

New Zealand Professional Investment Services Firm

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

Equity Bottom-Up

Radius Residential Care / Equity Bottom-Up

<ul><li>Radius Residential Care (RAD) delivered a somewhat softer-than-expected FY26 result at the headline level, although underlying operational momentum remained solid.</li><li>RAD expects year-on-year growth in key financial metrics for FY27, further supported by the acquisition of the 90-bed, 14-villa Karori Village care home (contributions from 27 May 2026).</li><li>Cash flow generation improved, with operating cash flow increasing +25% to NZ$25.1m, supporting increased investment (NZ$17.1m net investing outflow in FY26 vs NZ$7.3m in FY25).</li></ul>

Radius Residential Care (RAD) delivered a somewhat softer-than-expected FY26 result at the headline level, although underlying operational momentum remained solid.RAD expects year-on-year growth in key financial metrics for FY27, further supported by the acquisition of the 90-bed, 14-villa Karori Village care home (contributions from 27 May 2026).Cash flow generation improved, with operating cash flow increasing +25% to NZ$25.1m, supporting increased investment (NZ$17.1m net investing outflow in FY26 vs NZ$7.3m in FY25).

Radius Residential Care (RAD) - FY26 Initial Impressions

<ul><li>Radius Residential Care (RAD) has announced the acquisition of the Karori Village care home in Wellington from Metlifecare for NZ$13.6m (with settlement expected in late May 2026).</li><li>We view the transaction as attractive, supported by management's expectation for the home to be immediately NPAT accretive in FY27.</li><li>Our blended spot valuation rises +2cps to NZ$0.54.</li></ul>

Radius Residential Care (RAD) has announced the acquisition of the Karori Village care home in Wellington from Metlifecare for NZ$13.6m (with settlement expected in late May 2026).We view the transaction as attractive, supported by management's expectation for the home to be immediately NPAT accretive in FY27.Our blended spot valuation rises +2cps to NZ$0.54.

Radius Residential Care Care Arrives In The Capital

<ul><li>Radius Residential Care (RAD) has completed the acquisition of 4.3 hectares of land in Belfast, Christchurch.</li><li>The acquisition marks further progress in RAD’s mixed model (owned and leased) expansion strategy.</li><li>We remain positive on RAD’s outlook, with its capital-light portfolio expansion and favourable demographic tailwinds underpinning a robust earnings growth runway.</li></ul>

Radius Residential Care (RAD) has completed the acquisition of 4.3 hectares of land in Belfast, Christchurch.The acquisition marks further progress in RAD’s mixed model (owned and leased) expansion strategy.We remain positive on RAD’s outlook, with its capital-light portfolio expansion and favourable demographic tailwinds underpinning a robust earnings growth runway.

New Zealand

Radius Residential Care Limited provides health care services. The Company offers in-house training, on-going skills development, and residential aged care facilities. Radius Residential Care serves patients in New Zealand.

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Radius Residential Care (RAD NZ)

Radius Residential Care (RAD) - FY26 Initial Impressions

Radius Residential Care (RAD) delivered a somewhat softer-than-expected FY26 result at the headline level, although underlying operational...

Forsyth Barr

Radius Residential Care Care Arrives In The Capital

Radius Residential Care (RAD) has announced the acquisition of the Karori Village care home in Wellington from Metlifecare for NZ$13.6m (with...

Forsyth Barr

Radius Residential Care Beds in Belfast

We remain positive on RAD’s outlook, with its capital-light portfolio expansion and favourable demographic tailwinds underpinning a robust earnings...

Forsyth Barr

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