Lifestyle Communities Ltd (OTCPK:LCOMF)
$ 12.15 0 (0%) Market Cap: 681.14 Mil Enterprise Value: 899.92 Mil PE Ratio: 18.30 PB Ratio: 1.21 GF Score: 80/100
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Half Year 2020 Lifestyle Communities Ltd Earnings Call Transcript

Feb 18, 2020 / 01:30AM GMT
James Kelly
Lifestyle Communities Limited - Founder, MD & Director

Thanks, Christian. We firstly thank you, everyone, for joining the call and taking time out of your busy day to listen in. I thought I'd just touch on a bit of background for those that are new to story. Lifestyle Communities commenced in 2003. We just had one stated aim of providing really high-quality affordable housing to people over 50. We've never evaded from this sort of key purpose. And over our time -- over time, our communities have evolved to better meet the needs of the baby boomer as well as we've been really focused on creating amazing experiences for our homeowners as well.

The Lifestyle model is very simple, and is that really appeals to our customers, where the customer buys a home in Lifestyle community and then enters into a 90-year lease over the land. The Lifestyle model is structured. So we don't make a cash profit on the sale of a home, and we're really just focused on the ongoing annuity streams from the site rental and also a modest exit fee when people leave the community.

Due to the fact

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