NZX Governance Explorer

CDL Investments New Zealand Limited (CDI)

NZX-listed Real Estate company — share price, dividends, financials, board of directors and governance score.

CDL Investments New Zealand Limited is a New Zealand company listed on the NZX Main Board under the ticker CDI, classified in the Real Estate sector.

CDL Investments New Zealand Limited (NZX:CDI) last traded at $0.61 on 21 Oct 2026, a market capitalisation of $179M NZD, a board of 6 directors chaired by Desleigh Jameson and a Governance Risk Score of 85/100.

CDL Investments New Zealand (NZX: CDI) is a New Zealand-listed residential property developer, the listed land-development arm of City Developments Limited (Singapore). Core business is acquiring large land parcels across New Zealand, subdividing them into residential sections, and selling those sections to homebuilders and homebuyers. CDI is NOT a hospitality REIT; it is structurally separate from CDL Hospitality Trusts (SGX: J85), which is a different SGX-listed hotel REIT under the same Singapore parent group.

Share price
$0.61+0.00%
Market cap
$179MNZD
P/E ratio
20.6
Dividend yield
1.64%trailing 12m
Return on equity
3.5%
Governance score
85/100Excellent
Board size
6directors
Last dividend
1.00cFY2026

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How CDL Investments New Zealand Limited makes money — FY2025

Revenue $38.1m · EBITDA $15.6m (41.0% of revenue) · Net profit $11.1m (29.0% of revenue)

CDL Investments New Zealand Limited (CDI) FY2025: where revenue of $38.1m wentRevenue → EBITDA: $15.6mRevenue → Operating costs (net of other income): $22.5mEBITDA → EBIT: $15.0mEBITDA → Depreciation & amortisation: $598kEBIT → Net profit: $11.1mEBIT → Interest: $8kEBIT → Income tax: $4.0mOther items (net gain) → Income tax: $407kRevenue: $38.1mRevenue$38.1mEBITDA: $15.6m (derived)EBITDA$15.6m · derivedOperating costs (net of other income): $22.5m (derived)Operating costs (net ofother income)$22.5m · derivedEBIT: $15.0mEBIT$15.0mDepreciation & amortisation: $598kDepreciation &amortisation$598kOther items (net gain): $407k (balancing item)Other items (net gain)$407k · balancingNet profit: $11.1mNet profit$11.1mInterest: $8kInterest$8kIncome tax: $4.4mIncome tax$4.4m

Band widths are proportional to NZD amounts. Dashed outlines mark derived figures; the hatched node is a balancing item (net profit less every line above it).

CDL Investments New Zealand Limited FY2025 figures used in the chart
FY2025AmountStatusNote
Revenue$38.1mReported
Operating costs (net of other income)−$22.5mDerived *Reported operating expenses $5.9m do not reconcile; not used.
EBITDA$15.6mDerived *
Depreciation & amortisation−$598kReported
EBIT$15.0mReported
Interest (net finance costs)−$8kReported
Income tax−$4.4mReported
Other items (net gain)+$407kBalancing item *Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised.
Net profit$11.1mReported
  • * ebitda: $15.6m = EBIT + depreciation & amortisation
  • * operating costs: $22.5m = Revenue − EBITDA

Figures extracted automatically from the annual report; check against the report. NZD thousands as stored, shown in millions. Source: annual_report_pdf · method: claude_haiku_pdf · extracted 7 March 2026.

Annual report: CDL Investments New Zealand Limited Annual Report (PDF, NZX)

Every charted year for CDI, with checks

CDL Investments New Zealand Limited board of directors

6 current directors, average tenure 4.0 years.

DirectorRoleIndependentAppointedTenureCommittees
Desleigh JamesonChairYes20242.6 yrsAudit & Risk Committee (Chair)
Janie ELRICKIndependent DirectorYes20242.0 yrs—
Jason AdamsExecutive DirectorNo20242.6 yrsAudit & Risk Committee (Chair)
Vincent Wee Eng YeoIndependent DirectorYes20205.8 yrs—
JULIAN SMITHDirectorNot recorded———
Eik Sheng KwekNon-Independent DirectorNo20206.8 yrsAudit & Risk Committee (Chair)

CDI governance score breakdown

CDL Investments New Zealand Limited scores 85/100 (Excellent) on the NZXplorer Governance Risk Score for FY2026, based on 73% data coverage. See the GRS methodology.

Board structure
23/25
Shareholder rights
20/20
Executive remuneration
5/10

CDI dividends

The most recent CDL Investments New Zealand Limited dividend on record is 1.00 cents per share, for FY2026 (interim).

CDL Investments New Zealand Limited largest shareholders

Top 10 registered holders of CDI as disclosed for FY2022. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.

#HolderHolding
1Millennium & Copthorne Hotels New Zealand Limited66.00%
2Adrian Ho8.00%
3Accident Compensation Corporation – NZCSD5.00%
4Citibank Nominees (New Zealand) Limited – NZCSD1.00%
5Christina Seet0.90%
6Custodial Services Limited0.74%
7Faro Equities Limited0.71%
8MFL Mutual Fund Limited – NZCSD0.68%
9Hugh Green Limited0.44%
10HSBC Nominees (New Zealand) Limited – NZCSD0.43%

Recent CDI NZX announcements

The 10 most recent filings by CDL Investments New Zealand Limited to the NZX.

CDL Investments New Zealand Limited (CDI) — frequently asked questions

What does CDL Investments New Zealand Limited do?

CDL Investments New Zealand (NZX: CDI) is a New Zealand-listed residential property developer, the listed land-development arm of City Developments Limited (Singapore). Core business is acquiring large land parcels across New Zealand, subdividing them into residential sections, and selling those sections to homebuilders and homebuyers. CDI is NOT a hospitality REIT; it is structurally separate from CDL Hospitality Trusts (SGX: J85), which is a different SGX-listed hotel REIT under the same Singapore parent group. CDL Investments New Zealand Limited is listed on the NZX under the ticker CDI, in the Real Estate sector.

What is the CDL Investments New Zealand Limited (CDI) share price?

CDL Investments New Zealand Limited (NZX:CDI) shares closed at $0.61 on 21 October 2026, unchanged on the previous close. At that price its market capitalisation was about $179 million, based on 293,003,555 shares on issue as at 11 March 2026.

Who are the directors of CDL Investments New Zealand Limited?

CDL Investments New Zealand Limited has 6 current directors: Desleigh Jameson (Chair), Janie ELRICK (Independent Director), Jason Adams (Executive Director), Vincent Wee Eng Yeo (Independent Director), JULIAN SMITH (Director) and Eik Sheng Kwek (Non-Independent Director).

Who is the chair of CDL Investments New Zealand Limited?

Desleigh Jameson chairs the CDL Investments New Zealand Limited board, and has been a director since 2024.

Who is the CEO of CDL Investments New Zealand Limited?

Jason Adams is the Chief Executive Officer of CDL Investments New Zealand Limited.

What was CDL Investments New Zealand Limited's most recent dividend?

The most recent CDL Investments New Zealand Limited dividend on record is 1.00 cents per share for FY2026 (interim).

What is CDL Investments New Zealand Limited's dividend yield?

CDL Investments New Zealand Limited's trailing 12-month dividend yield is 1.64%, as at 21 October 2026. That is 1.00 cents per share of ordinary dividends with an ex-date in the 12 months to 22 October 2026, divided by the 21 October 2026 closing price of $0.61. Special dividends are excluded.

Who are the largest shareholders of CDL Investments New Zealand Limited?

The largest registered holder of CDI shares in the FY2022 top-20 register was Millennium & Copthorne Hotels New Zealand Limited, with 66.00%, followed by Adrian Ho (8.00%) and Accident Compensation Corporation – NZCSD (5.00%).

What is CDL Investments New Zealand Limited's governance score?

CDL Investments New Zealand Limited has an NZXplorer Governance Risk Score of 85/100 (Excellent) for FY2026, based on 73% data coverage.

When was the last CDL Investments New Zealand Limited annual meeting?

The most recent CDL Investments New Zealand Limited annual meeting on record was held on 26 May 2026.

Real Estate companies on the NZX

Compare CDL Investments New Zealand Limited with other NZX-listed real estate companies.

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