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Investore Property Limited (IPL.NZ)

NZD1.06 -0.01 (-0.94%)
NZ NZE Real Estate REIT - Retail
Address 34 Shortland Street 1010
Auckland, NZ
CEO Philip Littlewood
IPO 2016-07-11
ISIN NZIPLE0001S3

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Description

Investore Property Limited, founded in October 2015, is a commercial property enterprise focused on acquiring and managing high-quality Large Format Retail (LFR) assets. The company's formation coincided with the purchase of 19 Countdown supermarket sites from Antipodean Supermarkets Limited and Antipodean Properties Limited. Between late April and early June 2016, Investore further expanded its portfolio by acquiring six properties from Stride Property Limited and Stride Holdings Limited. These transactions involved cash payments based on the independent valuations of the properties as of March 31, 2016. In June 2016, Investore entered into an agreement, termed the SCA Acquisition, to purchase an additional 14 Countdown supermarkets from Shopping Centres Australasia Property Group Trustee NZ Limited. Six of these properties reached settlement on July 12, 2016, with the remaining eight expected to be finalized in September 2016. Investore's fundamental investment strategy prioritizes Large Format Retail properties. This classification refers to single-story or low-rise commercial sites containing retail shops, outlets, and parking facilities, where typically more than half of both the property's area and its rental revenue originate from a single dominant tenant or a restricted number of major tenants operating under net lease arrangements. Investore is confident that LFR assets offer distinct attributes that contribute to a stable and reliable income for its shareholders.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
NZD1.06 -0.01 (-0.94%)
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Volume Profile
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Liquidity & share structure
Average Volume
243.0K
Beta
0.35
Float Shares
306.22M
Free Float %
81.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% -1.90% +0.00% -7.21% -14.17% -10.43% -8.85% -26.95% -49.51% -36.02% -36.02%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1.06
DCF (Unlevered) 0.99 -6.1%
DCF (Levered) 1.83 +73.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 67% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 1 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.87
Distress
Piotroski F-Score
4 / 9
Average
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
  • Revenue growth
    +6.4% Q1'26: +15.3% (vs Q1'24)
  • EPS growth
    -20.1% Q1'26: +2,975.0% (vs Q1'24)
  • FCF margin
    Q1'26: +41.0% (vs Q1'24)
  • EBIT margin
    Q1'26: +79.1% (vs Q1'24)
  • ROIC
    Q1'26: +10.3% (vs Q1'24)
  • Share dilution
    +9.0% Q1'26: +15.2% (vs Q1'24)
  • Debt / EBITDA
    8.82× Q1'26: 3.93× (vs Q1'24)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.34) × ERP
WACC = 45% × Ke + 56% × Kd (4.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 0.59 Current price: 1.06
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
2 Rev. Ana.
1 EPS Ana.
Mar 2027
2 Rev. Ana.
1 EPS Ana.
Mar 2028
2 Rev. Ana.
1 EPS Ana.
Mar 2029
1 Rev. Ana.
1 EPS Ana.
Mar 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
37.40M
est: 34.61M (+8.1%)
47.26M
est: 44.35M (+6.6%)
54.67M
est: 46.84M (+16.7%)
54.42M
est: 47.61M (+14.3%)
64.51M
est: 55.28M (+16.7%)
67.87M
est: 57.94M (+17.1%)
70.99M
est: 59.94M (+18.4%)
72.82M
est: 61.26M (+18.9%)
76.11M
est: 62.29M (+22.2%)
67.63M
67.41M – 67.85M
+8.6% YoY
73.13M
72.75M – 73.51M
+8.1% YoY
73.84M
73.67M – 74.01M
+1.0% YoY
76.90M
76.89M – 76.91M
+4.1% YoY
78.90M
78.49M – 79.31M
+2.6% YoY
EBITDA
20.76M
est: 8.64M (+140.3%)
64.92M
est: 11.07M (+486.6%)
58.60M
est: 11.69M (+401.2%)
47.71M
est: 11.88M (+301.5%)
185.61M
est: 13.80M (+1,245.4%)
138.69M
est: 14.46M (+859.0%)
-134.57M
est: 14.96M (-999.6%)
-46.15M
est: 15.29M (-401.8%)
67.10M
est: 15.55M (+331.6%)
16.88M
16.82M – 16.93M
+8.6% YoY
18.25M
18.16M – 18.35M
+8.1% YoY
18.43M
18.39M – 18.47M
+1.0% YoY
19.19M
19.19M – 19.19M
+4.1% YoY
19.69M
19.59M – 19.79M
+2.6% YoY
EBIT
20.76M
est: 18.07M (+14.9%)
64.92M
est: 23.16M (+180.3%)
58.60M
est: 24.46M (+139.6%)
47.71M
est: 24.86M (+91.9%)
45.94M
est: 28.87M (+59.1%)
138.69M
est: 30.26M (+358.4%)
-134.57M
est: 31.30M (-529.9%)
53.11M
est: 31.99M (+66.0%)
67.10M
est: 32.53M (+106.3%)
35.32M
35.20M – 35.43M
+8.6% YoY
38.19M
37.99M – 38.39M
+8.1% YoY
38.56M
38.47M – 38.64M
+1.0% YoY
40.16M
40.15M – 40.16M
+4.1% YoY
41.20M
40.98M – 41.41M
+2.6% YoY
Net Income
28.52M
est: 29.39M (-3.0%)
46.17M
est: 29.47M (+56.7%)
38.56M
est: 29.96M (+28.7%)
28.62M
est: 28.98M (-1.3%)
161.26M
est: 29.76M (+441.9%)
118.17M
est: 29.40M (+301.9%)
-150.20M
est: 31.00M (-584.5%)
-67.11M
est: 31.62M (-312.2%)
38.35M
est: 27.66M (+38.7%)
28.16M
28.12M – 28.20M
+1.8% YoY
29.07M
28.68M – 29.46M
+3.2% YoY
29.81M
29.60M – 30.01M
+2.5% YoY
30.26M
30.05M – 30.46M
+1.5% YoY
29.99M
29.79M – 30.20M
-0.9% YoY
SGA
1.11M
est: 1.30M (-14.5%)
1.59M
est: 1.67M (-4.5%)
1.48M
est: 1.76M (-16.2%)
1.82M
est: 1.79M (+1.6%)
2.48M
est: 2.08M (+19.2%)
2.58M
est: 2.18M (+18.2%)
2.70M
est: 2.25M (+19.7%)
2.76M
est: 2.30M (+19.8%)
2.72M
est: 2.34M (+16.2%)
2.54M
2.53M – 2.55M
+8.6% YoY
2.75M
2.74M – 2.76M
+8.1% YoY
2.78M
2.77M – 2.78M
+1.0% YoY
2.89M
2.89M – 2.89M
+4.1% YoY
2.97M
2.95M – 2.98M
+2.6% YoY
EPS
0.11
est: 0.08 (+40.1%)
0.18
est: 0.08 (+128.7%)
0.15
est: 0.08 (+87.5%)
0.10
est: 0.08 (+29.2%)
0.45
est: 0.08 (+466.2%)
0.32
est: 0.08 (+307.5%)
-0.41
est: 0.08 (-595.8%)
-0.18
est: 0.08 (-326.0%)
0.10
est: 0.07 (+36.1%)
0.08
0.08 – 0.08
+2.4% YoY
0.08
0.08 – 0.08
+3.2% YoY
0.08
0.08 – 0.08
+2.5% YoY
0.08
0.08 – 0.08
+1.5% YoY
0.08
0.08 – 0.08
-0.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-21 A- 4/5 4/5 3/5 4/5 3/5 3/5 3/5
2026-05-20 A- 4/5 4/5 3/5 4/5 3/5 3/5 3/5
2026-05-19 A- 4/5 4/5 3/5 4/5 3/5 3/5 3/5
2026-05-18 A- 4/5 4/5 3/5 4/5 3/5 3/5 3/5
2026-05-15 A 4/5 4/5 4/5 5/5 3/5 3/5 4/5
2026-05-14 A 4/5 4/5 4/5 5/5 3/5 3/5 4/5
2026-05-13 A 4/5 4/5 4/5 5/5 3/5 3/5 4/5
2026-05-12 A 4/5 4/5 4/5 5/5 3/5 3/5 4/5
2026-05-11 A 4/5 4/5 4/5 5/5 3/5 3/5 4/5
2026-05-08 A 4/5 4/5 3/5 5/5 3/5 3/5 4/5
2026-05-07 A 4/5 4/5 3/5 5/5 3/5 3/5 4/5
2026-05-06 A 4/5 4/5 3/5 5/5 3/5 3/5 4/5
2026-05-05 A 4/5 4/5 3/5 5/5 3/5 3/5 4/5
2026-05-04 A 4/5 4/5 3/5 5/5 3/5 3/5 4/5
2026-05-01 A- 4/5 4/5 3/5 5/5 2/5 3/5 4/5
2026-04-30 A- 4/5 4/5 3/5 5/5 2/5 3/5 4/5
2026-04-29 A- 4/5 4/5 3/5 5/5 2/5 3/5 4/5
2026-04-28 A- 4/5 4/5 3/5 5/5 2/5 3/5 4/5
2026-04-24 A- 4/5 4/5 3/5 5/5 2/5 3/5 4/5
2026-04-23 A- 4/5 4/5 3/5 5/5 2/5 3/5 4/5
2026-04-22 A- 4/5 4/5 3/5 5/5 2/5 3/5 4/5
2026-04-21 A- 4/5 4/5 3/5 5/5 2/5 3/5 4/5
2026-04-20 A- 4/5 4/5 3/5 5/5 2/5 3/5 4/5
2026-04-17 A- 4/5 4/5 3/5 5/5 1/5 3/5 4/5
2026-04-16 A- 4/5 4/5 3/5 5/5 1/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
208.64M
OE per share TTM
0.53
Owner's Yield
53.64%
Maintenance CapEx ratio
309.69%
Maint CapEx / Avg PPE
1,048.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
7.43M
Shares Outstanding
377.62M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Jennifer Marie Whooley Chief Financial Officer of Stride Investment Management Limited female
Philip Littlewood Chief Executive Officer of Stride Investment Management Limited male
Sharyn Bramwell-Reweti Safety & Sustainability Manager of Stride Investment Management Limited
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits