Retirement village operator Metlifecare has upgraded its profit forecast to $70 million.
Last month the company said it expected an operating cash flow for the 2013 full year to be around $61 million.
Metlifecare says the strength in the property market has resulted in a larger number of sales volumes, re-sales, as well as increased margins.
Shares in Metlifecare rose 2% to $3.18 at midday Friday.
