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How Investore Property Limited makes money — FY2025
Revenue $76.1m · Net profit $38.4m (50.4% of revenue)
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).
| FY2025 | Amount | Status | Note |
|---|---|---|---|
| Revenue | $76.1m | Reported | |
| Operating costs incl. depreciation (net of other income) | −$21.7m | Derived * | Reported operating expenses $7.9m do not reconcile; not used. |
| Depreciation & amortisation | — | Not reported | |
| EBIT | $54.4m | Reported | |
| Interest (net finance costs) | −$19.2m | Reported | |
| Income tax credit | +$10.2m | Reported | |
| Other items (net cost) | −$7.0m | Balancing item * | Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised. |
| Net profit | $38.4m | Reported |
- * operating costs: $21.7m = Revenue − EBIT
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: Investore Property Limited Annual Report (PDF, NZX)
Investore Property Limited board of directors
5 current directors, 60% independent, average tenure 6.1 years.
| Director | Role | Independent | Appointed | Tenure | Committees |
|---|---|---|---|---|---|
| Mike Allen | Chair | Yes | 2016 | 10.3 yrs | — |
| Adrian Walker | Independent Director | Yes | 2020 | 6.6 yrs | — |
| Ross James Patrick Buckley | Non-Independent Director | No | 2022 | 4.4 yrs | — |
| Gráinne Troute | Independent Director | Yes | 2018 | 8.6 yrs | — |
| David John Green | Non-Independent Director | No | 2026 | 0.4 yrs | — |
Future directors & observers
Non-voting board observers, such as Institute of Directors Future Directors. They are not counted in the board size, independence or governance figures above.
- Caroline Plowman — Future Director, since 2025
IPL governance score breakdown
Investore Property Limited scores 81/100 (Good) on the NZXplorer Governance Risk Score for FY2026, based on 63% data coverage. See the GRS methodology.
- Board structure
- 19/25
- Shareholder rights
- 20/20
- Executive remuneration
- 0/0
IPL dividends
The most recent Investore Property Limited dividend on record is 1.63 cents per share, for FY2027 (interim), paid 7 Sept 2026.
Investore Property Limited largest shareholders
Top 4 registered holders of IPL as disclosed for FY2025. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.
| # | Holder | Holding |
|---|---|---|
| 1 | Stride Property Limited | 18.80% |
| 2 | Forsyth Barr Investment Management Limited | 9.20% |
| 3 | Accident Compensation Corporation (ACC) | 9.90% |
| 4 | ANZ New Zealand Investments | 7.10% |
Recent IPL NZX announcements
The 10 most recent filings by Investore Property Limited to the NZX.
- Investore Board Succession ChangesOther
- SPH Notice - ANZ New Zealand Investments LimitedSubstantial Holder Notice
- SPH Notice - Forsyth Barr Investment Management LimitedSubstantial Holder Notice
- FY27 First Quarter DividendDividend
- SPH Notice - Accident Compensation Corporation (ACC)Substantial Holder Notice
- Results of Annual Shareholder Meeting 2026AGM
- Annual Shareholder Meeting 2026AGM
- Stride Advises of Changes to Investore Fund ManagerOperational Update
- D&O Initial Disclosure NoticeInsider Disclosure
- Change of SIML-Appointed DirectorDirector Appointment
Investore Property Limited (IPL) — frequently asked questions
What does Investore Property Limited do?
Investore Property owns a portfolio of large format retail properties anchored by major tenants like Countdown and Bunnings across New Zealand. Investore Property Limited is listed on the NZX under the ticker IPL, in the Real Estate sector.
What is the Investore Property Limited (IPL) share price?
Investore Property Limited (NZX:IPL) shares closed at $1.03 on 11 November 2026, up 0.49% on the previous close. At that price its market capitalisation was about $400 million, based on 388,464,223 shares on issue as at 11 March 2026.
Who are the directors of Investore Property Limited?
Investore Property Limited has 5 current directors: Mike Allen (Chair), Adrian Walker (Independent Director), Ross James Patrick Buckley (Non-Independent Director), Gráinne Troute (Independent Director) and David John Green (Non-Independent Director). 3 of the 5 are recorded as independent (60%). Average board tenure is 6.1 years.
Who is the chair of Investore Property Limited?
Mike Allen chairs the Investore Property Limited board, and has been a director since 2016.
Who is the CEO of Investore Property Limited?
Philip Littlewood is the Chief Executive Officer, Stride Investment Management Limited of Investore Property Limited.
What was Investore Property Limited's most recent dividend?
The most recent Investore Property Limited dividend on record is 1.63 cents per share for FY2027 (interim), paid 7 September 2026.
What is Investore Property Limited's dividend yield?
Investore Property Limited's trailing 12-month dividend yield is 6.31%, as at 11 November 2026. That is 6.50 cents per share of ordinary dividends with an ex-date in the 12 months to 12 November 2026, divided by the 11 November 2026 closing price of $1.03. Special dividends are excluded.
Who are the largest shareholders of Investore Property Limited?
The largest registered holder of IPL shares in the FY2025 top-20 register was Stride Property Limited, with 18.80%, followed by Forsyth Barr Investment Management Limited (9.20%) and Accident Compensation Corporation (ACC) (9.90%).
What is Investore Property Limited's governance score?
Investore Property Limited has an NZXplorer Governance Risk Score of 81/100 (Good) for FY2026, based on 63% data coverage.
When was the last Investore Property Limited annual meeting?
The most recent Investore Property Limited annual meeting on record was held on 30 June 2026.
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