GLF – GemLife | Aussie Stock Forums

GemLife, the owner of 32 communities, has been shopped as Australia’s fourth-largest land lease community operator. The $1.9 billion enterprise valuation represents 15.6 times the pro forma earnings before interest, taxes, depreciation, and amortisation forecast for the 2026 financial year and is a small discount to listed rival Ingenia Communities.

GemLife makes money from home sales as well as ongoing rental for the underlying land. It has forecast $313.7 million revenue and $123.3 million pro forma EBITDA for the 2026 financial year.

The CEO said that GemLife had a large advantage over many rivals as it was a fully integrated platform and built its own stock. “We are able to control quality, we’re able to control our finances. We’re essentially not beholden to third party contractors or consultants,” he said.

He said this allowed the company to do more with its dollars than its listed and unlisted peers because of the fact it had its own building license and internal units. He said this made the company a unique proposition that was yet to be seen in the seniors living space on the listed market.