SYDNEY — Shares of Ingenia Communities Group surged nearly 10% on Tuesday, making the land lease and seniors housing operator one of the strongest performers on the Australian share market.

Ingenia shares rose 0.41 Australian dollars, or 9.67%, to A$4.65 in afternoon trading. The stock traded between A$4.21 and A$4.72, with more than 2.1 million shares changing hands, well above typical daily volumes. The gain lifted the company's market value to about A$1.9 billion.

It was not immediately clear whether the company had released new information to the market. Despite Tuesday's jump, Ingenia shares remain down about 17% over the past year.

Sydney-based Ingenia owns, manages and develops a portfolio of more than 100 communities and development sites across Queensland, New South Wales and Victoria. Its business spans three main areas:

Ingenia Lifestyle, land lease communities aimed largely........

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