New Zealand Professional Investment Services Firm

Forsyth Barr

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.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

Radius Residential Care / Equity Bottom-Up

<ul><li>Radius Residential Care (RAD) provided details on its ambitious Care expansion plans at its 2026 ASM, aiming to more than double aged-care capacity over the next decade through 20 new care homes, materially exceeding our forecasts.</li><li>Private investors are expected to fund the majority of the land and buildings, with RAD leasing the properties and funding operating assets.</li><li>We incorporate two near-term developments into our medium-term bed forecast, lifting our blended spot valuation +4% to NZ$0.54.</li></ul>

Radius Residential Care (RAD) provided details on its ambitious Care expansion plans at its 2026 ASM, aiming to more than double aged-care capacity over the next decade through 20 new care homes, materially exceeding our forecasts.Private investors are expected to fund the majority of the land and buildings, with RAD leasing the properties and funding operating assets.We incorporate two near-term developments into our medium-term bed forecast, lifting our blended spot valuation +4% to NZ$0.54.

Radius Residential Care 2026 ASM—A Much Bigger Radius of Care