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Investore Property Ltd (IPL)

New Zealand
Currency in NZD
1.050
-0.010(-0.94%)
Delayed Data
IPL Scorecard
Full Analysis
Net income is expected to grow this year
High dividend Yield
Fair Value
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Day's Range
1.0501.060
52 wk Range
0.9701.290
Key Statistics
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Bid/Ask
1.05 / 1.06
Prev. Close
1.06
Open
1.06
Day's Range
1.05-1.06
52 wk Range
0.97-1.29
Volume
199.57K
Average Volume (3m)
146.07K
1-Year Change
-7.08%
Fair Value
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Fair Value Upside
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Company’s Health
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Fair Value
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Technical Analysis
Strong Sell
Analysts Sentiment
Neutral
Price Target
1.203
Upside
+14.60%
Members' Sentiments
Bearish
Bullish
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Trading at a low P/E ratio relative to near-term earnings growth
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Investore Property Ltd News & Analysis

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Investore Property Ltd Company Profile

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.

Industry
Residential & Commercial REITs
Sector
Real Estate
0
Market
New Zealand

Compare IPL to Peers and Sector

Metrics to compare
IPL
Peers
Sector
Relationship
P/E Ratio
43.8x12.4x8.3x
PEG Ratio
0.420.000.01
Price/Book
0.7x0.8x0.9x
Price / LTM Sales
5.3x6.1x3.7x
Upside (Analyst Target)
15.1%15.6%18.0%
Fair Value Upside
Unlock−12.8%3.3%Unlock

Analyst Ratings

0 Buy
3 Hold
0 Sell
Ratings:
3 analysts
Overall Consensus
Neutral

Analysts 12-Month Price Target:

Average 1.203
(+14.60% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 0.02%
Dividend Yield
6.98%
Industry Median 4.14%
Annualized payout
0.074
Paid unevenly
5-Years Growth
-10.63%
Growth Streak
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Earnings

Latest Release
May 16, 2023
EPS / Forecast
-- / --
Revenue / Forecast
-- / --
EPS Revisions
a
a
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Last 90 days

FAQ

What Is the Investore Property (IPL) Stock Price Today?

The Investore Property stock price today is 1.05

What Stock Exchange Does Investore Property Trade On?

Investore Property is listed and trades on the New Zealand stock exchange.

What Is the Stock Symbol for Investore Property?

The stock symbol for Investore Property is "IPL."

Does Investore Property Pay Dividends? What’s The Current Dividend Yield?

The Investore Property dividend yield is 6.98%.

What Is the Investore Property Market Cap?

As of today, Investore Property market cap is 394.33M.

What is Investore Property Earnings Per Share?

The Investore Property EPS is 0.024.

From a Technical Analysis Perspective, Is IPL a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.
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