NZSE:CDIReal Estate
CDL Investments New Zealand (NZSE:CDI) Stock Faces Lingering Margin Compression
CDL Investments New Zealand closed at NZ$0.65 on Monday, with the stock roughly flat over the past week and slightly weaker over the past month. On the surface that looks like a quiet reaction to fresh numbers. The headline story is less calm. Profitability continues to feel the squeeze, with trailing net profit margin at 29.5% compared with 35.1% a year earlier, and earnings declining at an annualised rate of 26.8% over five years.
For a property developer where margins and land cycle timing...