Shares of Ingenia Communities Group (ASX:INA) fell in recent Wednesday trade after it said in a late Tuesday filing that its exposure to deferred management fee (DMF) contracts totals approximately AU$26 million as of June 30, representing around 1% of its investment property value.
The company's shares were down almost 1% in recent trade.
The company has generated an average of AU$3 million annually from DMF over the past three years, emphasizing that it no longer sells homes with DMF or exit fees, with only four legacy communities in Victoria remaining under such contracts, the filing said.
The company is reviewing a recent Victorian Civil and Administrative Tribunal decision and may adjust the operation of its DMF structures accordingly.