Company Investore Property Limited

Equities

IPL

NZIPLE0001S3

Commercial REITs

End-of-day quote New Zealand S.E. 07:00:00 2024-03-27 pm EDT 5-day change 1st Jan Change
1.16 NZD +1.75% Intraday chart for Investore Property Limited +4.50% -3.33%

Business Summary

Investore Property Limited is a New Zealand-based property investment company. The Company is focused on investing in large format retail properties throughout New Zealand. The Company’s portfolio comprises 44 large format retail properties, from standalone supermarkets to large format retail centers, with a high concentration of nationally recognized brands and tenants. The Company's tenants include various brands, such as Countdown, New World, Pak’nSave, Bunnings, Mitre 10, Rebel Sport, Briscoes, Hunting & Fishing, Freedom Furniture, McDonald’s, Resene and Animates. Its portfolio of investment properties include 24 Anzac Road, 326 Great South Road, 35A St Johns Road, 507 Pakuranga Road, 3 Averill Street, Cnr Church & Selwyn Streets, Cnr Te Irirangi Drive & Bishop Dunn Place, 112 Stoddard Road, 226 Great South Road, and others. The Company is managed by Stride Investment Management Limited (SIML).

Sales per Business

NZD in Million2022Weight2023Weight Delta
Rental
90.3 %
61 89.7 % 64 90.3 % +5.21%
Service Charge from Tenants
8.6 %
7 10.2 % 6 8.6 % -12.41%
Ground Rent Income from Tenants
1.2 %
- - 1 1.2 % -
Capitalised Lease Incentives
0.4 %
0 0.1 % 0 0.4 % +519.61%
Lease Incentives Amortisation
-0.3 %
0 0.0 % 0 -0.3 % +938.10%
Spreading of Fixed Rental Increases
-0.1 %
0 0.1 % 0 -0.1 % -274.51%

Sales per region

NZD in Million2022Weight2023Weight Delta
New Zealand
100.0 %
68 100.0 % 71 100.0 % +4.51%

Managers

Managers TitleAgeSince
Corporate Officer/Principal - -
Corporate Secretary - -
Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
Director/Board Member - 20-04-02
Director/Board Member 60 18-04-18
Director/Board Member 66 15-09-30
Chairman - 16-06-08
Director/Board Member - 22-05-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 369,563,189 369,342,859 ( 99.94 %) 0 99.94 %

Shareholders

NameEquities%Valuation
69,201,977 18.61 % 45 M $
Accident Compensation Corp.
8.725 %
32,444,528 8.725 % 21 M $
ANZ New Zealand Investments Ltd.
8.008 %
29,777,169 8.008 % 19 M $
Forsyth Barr Investment Management Ltd.
7.954 %
29,576,043 7.954 % 19 M $
Smartshares Ltd.
2.739 %
10,185,485 2.739 % 7 M $
MFL Mutual Fund Ltd.
1.358 %
5,049,426 1.358 % 3 M $
Dimensional Fund Advisors Ltd.
0.0358 %
133,142 0.0358 % 86 795 $
DFA Australia Ltd.
0.0176 %
65,556 0.0176 % 42 736 $
56,592 0.0152 % 36 892 $
49,759 0.0134 % 32 438 $

Company contact information

Investore Property Ltd.

34 Shortland Street Level 12

1010, Auckland

+

http://www.investoreproperty.co.nz
address Investore Property Limited(IPL)

Sales per Business

Trading Rating
Investor Rating
ESG Refinitiv
D-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
1.16 NZD
Average target price
1.22 NZD
Spread / Average Target
+5.17%
Consensus

Quarterly revenue - Rate of surprise