GLF – GemLife
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.
