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IPL - Investore Property profile

This is a basic profile of an NZX50 listed company. It is not investment advice. We recommend you contact a qualified adviser if you need more information.

Investore Property 

Directory

NZX code: IPL
Short name: Investore Property
Legal name: Investore Property Limited
Industry sector: Property
NZX50 rank: 43 of 50
Head office address: Level 12, 34 Shortland Street, Auckland, 1010
Chairman: Mike Allen
Financial year ended: March
Locations: New Zealand
Auditor: Pwc
Bankers: ANZ, BNZ, CCB, CBA, Westpac

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Investore Property

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Financial statement history
 

A. Recent trading and performance summary:

  Total
revenue
NPAT Earnings
per share
fye March mln mln cents
2018 $50.4 $46.2 17.6
2019 $54.7 $38.6 14.8
2020 $54.4 $28.6 10.4
2021 $64.5 $161.3 44.6
2022 $67.9 $118.2 32.1
2023 $71.0 $150.2 40.9

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B. Recent financial position summary:

  Total
assets
Total
Liabilities
Equity
ratio
fye March bln mln %
2018 $0.743 $313.8 57.8
2019 $0.770 $326.7 57.6
2020 $0.787 $260.0 67.0
2021 $1.071 $305.2 71.5
2022 $1.239 $383.7 69.0
2023 $1.080 $405.3 62.5

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C. Recent cash flows and positions:

  Cash
inflows
Cash
outflows
Cash and equiv. 
at year end
fye March mln mln mln
2018 $47.8 $50.0 $2.20
2019 $21.2 $18.3 $5.11
2020 $25.6 $26.4 $4.23
2021 $143.1 $140.6 $6.80
2022 $73.7 $73.2 $7.23
2023 $33.9 $36.3 $4.80

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D. Recent key ratio analysis:

  Earnings
per share
Price:Earnings
ratio
NTA/share Dividend
yield
fye March cents annual avg dollars annual avg %
2018 17.6 8.0 1.64 5.33
2019 14.8 10.9 1.71 4.72
2020 10.4 15.9 1.74 4.61
2021 44.6 4.6 2.08 3.69
2022 32.1 5.4 2.32 4.59
2023 (0.41) 0.0 1.84 7.00

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Description of trading activities 
Investore Property Ltd is a business that provides property investment services with a portfolio singularly based on large format retail spaces in Āotearoa, New Zealand. The Investore strategy is to invest in ‘Quality, large format retail properties’ throughout NZ and actively manage shareholders’ capital in order to maximise distributions and total returns over a medium-long term basis. 

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Chairman profile
Mike Allen became Chair of Investore Property in 2016. Allen has a considerable amount of experience in the governing body of business, he is currently Chairman of Vincent Capital Limited, and Wool impact limited. Prior to joining Investore, Allen worked in investment banking and general management based both in New Zealand, and the United Kingdom. 

 

 


Links:

Company website: http://www.investoreproperty.co.nz/
Investor information: http://www.investoreproperty.co.nz/
NZX listing: https://www.nzx.com/companies/IPL
Annual reports: http://www.investoreproperty.co.nz/

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