Radius Residential Care Share Price: A 7.8% Yield and 15% Revenue Growth in Aged Care
Radius Residential Care Share Price Today
The Radius Residential Care share price sits at about $0.39 NZD (NZX: RAD) in mid-June 2026, up roughly 34% over the past year. With a market cap near $111 million, Radius is a small-cap aged-care operator running care homes across New Zealand. Unlike the big retirement-village developers, Radius is an operator of care beds rather than a builder of villages, which gives it a very different financial profile.
After a strong FY2026 result, the stock pairs double-digit growth with a high dividend, an unusual and attractive combination if it proves durable.
What Radius Does
Radius operates residential aged-care facilities, providing rest-home, hospital, and dementia-level care. Its revenue comes largely from government care subsidies plus private contributions, and its model is about occupancy and operating efficiency across its homes.
This is a different business from village developers like [Summerset Group](/stocks/summerset-group) and [Ryman Healthcare](/stocks/ryman-healthcare), whose value is tied up in property development and occupation-right agreements. It is closest to fellow care operator [Oceania Healthcare](/stocks/oceania-healthcare). The structural tailwind for all of them is the same: New Zealand's ageing population steadily increases demand for care.
Recent Performance: A Strong FY26
Radius delivered a standout year to March 2026:
- •Revenue up about 15% to roughly $203.8 million
- •Net profit up about 34% to about $9.46 million, for EPS near $0.033
- •Record occupancy across its homes
- •A 50% higher dividend, with earnings-accretive care-home acquisitions and further expansion planned for FY2027
Double-digit revenue growth, a one-third jump in profit, record occupancy, and a sharply higher dividend together make this one of the more encouraging small-cap results on the NZX this year.
Key Metrics
- •Share price: ~$0.39 NZD
- •Market cap: ~$111 million NZD
- •52-week move: about +34%
- •P/E ratio (trailing): ~11.7x
- •EPS: ~$0.033
- •Net tangible assets: ~$0.24 per share
- •Gross dividend yield: ~7.8%
Note that, unlike the property-heavy village operators, Radius trades above its net tangible assets of about $0.24. That is normal for an operating care business whose value is in its earnings and occupancy, not a land bank. At ~11.7x earnings with a near 7.8% gross yield and growth behind it, the valuation looks reasonable rather than stretched.
What to Watch
- •Government funding: Care subsidies are the backbone of revenue. Changes to aged-care funding policy are the single biggest external risk and opportunity.
- •Occupancy and staffing: Record occupancy is great, but the sector faces persistent nursing and caregiver shortages that can cap growth and lift costs.
- •Acquisition execution: Growth is partly acquisition-led. Watch that new homes stay earnings-accretive and debt stays manageable.
- •Dividend durability: A 50% raise is bold. Confirm it is covered by sustainable earnings, not a one-off.
The Bottom Line
Radius Residential Care delivered growth and income together: 15% revenue growth, 34% profit growth, record occupancy, and a much bigger dividend, all riding the structural tailwind of an ageing population. The bull case is a well-run care operator compounding earnings while paying a near 8% yield. The bear case is heavy reliance on government funding, sector-wide staffing pressures, and the execution risk of an acquisition-led growth plan. This is one of the more attractive small-cap healthcare stories on the NZX for income-and-growth investors comfortable with the policy risk.
For how we weigh yield, growth, and policy exposure, see our [methodology](/methodology).
*Disclaimer: This article is for educational and informational purposes only. It does not constitute financial advice. Stock data may not be real-time. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.*