Investore Property Limited Share Price and Company Fundamentals
Last traded: Yesterday at 4:00 AM
Investore Property Limited (Investore) is a commercial property ownership business that has been established to invest in quality Large Format Retail property assets. Investore was established in October 2015 in connection with the acquisition of 19 Countdown supermarkets from Antipodean Supermarkets Limited and Antipodean Properties Limited. The transfer of six properties from Stride Property Limited (Stride) and Stride Holdings Limited to Investore took place between 29 April and 9 June 2016 by way of sale and purchase agreements for cash consideration equal to the most recently obtained independent valuation of the properties transferred (in each case, 31 March 2016). In June 2016, Investore entered into a sale and purchase agreement to acquire 14 Countdown supermarkets from Shopping Centres Australasia Property Group Trustee NZ Limited (the SCA Acquisition). Settlement of six properties occurred on 12 July 2016, with the other eight properties expected to settle in September 2016. Investore's investment strategy is focused on Large Format Retail property assets. Large Format Retail means a single-storey or low level property comprising retail shops and outlets and car parking areas with more than 50% of the property generally occupied by, and more than 50% of the rental generally provided by, a single major tenant or a limited number of major tenants under net leases. Investore believes that Large Format Retail assets have a specific, differentiating set of attributes that can provide a reliable income return to shareholders.
Key Metrics
PE ratio
15.59
PB ratio
0.64
Dividend yield
5.60%
Beta
0.22
Market cap
-
Enterprise value
-
Company profile
| Industry / Sector | REIT—Retail / Real Estate |
|---|---|
| Website | https://www.investoreproperty.co.nz |
| Mailing address | 34 Shortland Street Level 12 Auckland 1010 New Zealand |
| Phone / Fax | 64 9 912 2690 / 64 9 912 2693 |
Dividends
Dividend yield
5.60%
Dividend amount
$0.08
Payout ratio
86.72%
5Y Avg. yield
4.39%
Investore Property Limited paid $0.08 dividend and the ex-dividend date was 27 Feb 2023.The dividend payout ratio is 86.72%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.IPL dividend payout ratio is between 70-90%. The lower dividend payout ratio is preferrable since it provides company margin to grow the dividends in future.
IPL's forward dividend amount is $0.08 and the forward dividend yield is 5.60%. A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.
Company Executives
As of Apr 2023, following are the company executives and directors listed on Investore Property Limited.
| Name | Title | Age | Total Pay |
|---|---|---|---|
| Mr. Philip Littlewood B.Com., M.B.A. | Chief Exec. Officer of Stride Investment Management Limited | ||
| Ms. Jennifer Marie Whooley C.A. | Chief Financial Officer of Stride Investment Management Limited |
Profitability and management effectiveness
Profit margin
47.47%
Operating margin
73.05%
Return on assets
2.68%
Return on equity
4.14%
Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.
The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.
Valuation and Trading Info
The market capitalization of Investore Property Limited is and its enterprise value is .
The IPL's stocks Beta value is 0.22 making it 78% less volatile compared to NZX market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.
Investore Property Limited (NZX:IPL) Frequently Asked Questions
1. What is Investore Property Limited's Stock Symbol?
Investore Property Limited trades on NZX under the ticker symbol "IPL".
2. What is Investore Property Limited's stock price today?
One share of IPL stock can currently be purchased for approximately $1.41.
3. How can I contact Investore Property Limited?
Investore Property Limited's mailing address is 34 Shortland Street Level 12 Auckland 1010 New Zealand. The company can be reached via phone at 64 9 912 2690.
4. What is Investore Property Limited's official website?
The official website of Investore Property Limited is https://www.investoreproperty.co.nz.