Investore Property Limited (Investore) is a commercial property ownership business that has been established to invest in quality Large Format Retail property assets.
Limited growth unattractive dividend payer.
Share Price & News
How has Investore Property's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IPL has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: IPL exceeded the NZ REITs industry which returned -8.8% over the past year.
Return vs Market: IPL exceeded the NZ Market which returned -0.3% over the past year.
Price Volatility Vs. Market
How volatile is Investore Property's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StInvestore Property Limited's (NZSE:IPL) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?
1 month ago | Simply Wall StCould Investore Property Limited's (NZSE:IPL) Investor Composition Influence The Stock Price?
3 months ago | Simply Wall StShareholders Of Investore Property (NZSE:IPL) Must Be Happy With Their 59% Return
Is Investore Property undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IPL (NZ$2.02) is trading above our estimate of fair value (NZ$1.66)
Significantly Below Fair Value: IPL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IPL is poor value based on its PE Ratio (19.4x) compared to the NZ REITs industry average (11.3x).
PE vs Market: IPL is poor value based on its PE Ratio (19.4x) compared to the NZ market (19x).
Price to Earnings Growth Ratio
PEG Ratio: IPL is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: IPL's PB Ratio (1.2x) is in line with the NZ REITs industry average.
How is Investore Property forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IPL's forecast earnings growth (10.9% per year) is above the savings rate (2.6%).
Earnings vs Market: IPL's earnings (10.9% per year) are forecast to grow faster than the NZ market (7.1% per year).
High Growth Earnings: IPL's earnings are forecast to grow, but not significantly.
Revenue vs Market: IPL's revenue (2.9% per year) is forecast to grow slower than the NZ market (5.5% per year).
High Growth Revenue: IPL's revenue (2.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IPL's Return on Equity is forecast to be low in 3 years time (5.1%).
How has Investore Property performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IPL has a large one-off gain of NZ$7.7M impacting its March 31 2020 financial results.
Growing Profit Margin: IPL's current net profit margins (52.6%) are lower than last year (70.6%).
Past Earnings Growth Analysis
Earnings Trend: IPL's earnings have grown by 11.5% per year over the past 5 years.
Accelerating Growth: IPL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IPL had negative earnings growth (-25.8%) over the past year, making it difficult to compare to the REITs industry average (-16.1%).
Return on Equity
High ROE: IPL's Return on Equity (5.4%) is considered low.
How is Investore Property's financial position?
Financial Position Analysis
Short Term Liabilities: IPL's short term assets (NZ$6.1M) do not cover its short term liabilities (NZ$7.3M).
Long Term Liabilities: IPL's short term assets (NZ$6.1M) do not cover its long term liabilities (NZ$252.7M).
Debt to Equity History and Analysis
Debt Level: IPL's debt to equity ratio (45.9%) is considered high.
Reducing Debt: Insufficient data to determine if IPL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: IPL's debt is not well covered by operating cash flow (8.2%).
Interest Coverage: IPL's interest payments on its debt are not well covered by EBIT (3x coverage).
What is Investore Property current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IPL's dividend (3.76%) is higher than the bottom 25% of dividend payers in the NZ market (2.89%).
High Dividend: IPL's dividend (3.76%) is low compared to the top 25% of dividend payers in the NZ market (5.31%).
Stability and Growth of Payments
Stable Dividend: IPL has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: IPL's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (103.8%), IPL's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IPL's dividends in 3 years are forecast to be covered by earnings (93.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Philip Littlewood, BProp, BCom, MBA, has been Chief Executive Officer of Stride Stapled Group since June 27, 2017. Mr. Littlewood serves Chief Executive Officer of Stride Investment Management Limited ...
|Independent Director||0.25yr||no data||no data|
|Independent Non-Executive Director||2.33yrs||NZ$49.16k||0.0089% |
|Non-Executive Director||4.83yrs||NZ$43.75k||0.014% |
|Independent Chairman of the Board||4.17yrs||NZ$81.25k||0.015% |
|Non-Executive Director||4.83yrs||NZ$43.75k||0.014% |
Experienced Board: IPL's board of directors are considered experienced (4.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 41.5%.
Investore Property Limited's company bio, employee growth, exchange listings and data sources
- Name: Investore Property Limited
- Ticker: IPL
- Exchange: NZSE
- Founded: 2015
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: NZ$743.633m
- Shares outstanding: 368.14m
- Website: https://www.investoreproperty.co.nz
- Investore Property Limited
- 34 Shortland Street
- Level 12
- New Zealand
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IPL||NZSE (New Zealand Stock Exchange)||Yes||Ordinary Shares||NZ||NZD||Jul 2016|
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 2 ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/08 10:32|
|End of Day Share Price||2020/08/07 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.