Investore Property Ltd. (IPL) AI Stock Analysis

Investore Property Ltd.

(NZX:IPL)

Select Model

Rating:59Neutral

Price Target:NZD 1.00▲(1.01% Upside)

Action:initiatedcoverage

Date:10/05/26

The score is anchored by mid-range financial performance: steady top-line growth and solid profitability are tempered by prior losses, uneven cash-flow coverage, and rising leverage. Technical conditions are currently weak with the price below major moving averages and negative momentum indicators, offset partially by a relatively attractive valuation and dividend yield.

Positive Factors

Steady revenue and gross profitabilitySteady revenue growth indicates continuing demand for the property portfolio, while consistently high gross profitability supports the core operating model. Together, these factors provide a durable base for earnings generation and help the company maintain financial capacity across the next several quarters.

Negative Factors

Volatile earnings qualityLarge losses followed by a return to profitability show that reported earnings have not been consistently dependable. Although recent results are positive, this volatility reduces confidence in the durability of earnings, complicates forecasting, and could constrain distributions or reinvestment if profitability weakens again.

Investore Property Ltd. (IPL) vs. SPDR S&P 500 ETF (SPY)

Market Cap: NZD 373.85M
Dividend Yield: 6.37%
Average Volume (3M): 215.81K
Price to Earnings (P/E): 11.8
Beta (1Y): 0.85
Revenue Growth: 6.42%
EPS Growth: -17.97%
Country: NZ
Employees: 8
Sector: General
Sector Strength: 55
Industry: REIT - Retail

Investore Property Ltd. Business Overview & Revenue Model

Company Description

Investore Property Limited, founded in October 2015, is a commercial property enterprise focused on acquiring and managing high-quality Large Format Retail (LFR) assets. The company's formation coincided with the purchase of 19 Countdown supermarket...

Investore Property Ltd. Financial Statement Overview

Summary

Steady revenue growth and consistently high gross profitability support the operating profile. However, bottom-line results have been volatile (losses in 2023–2024, profitability in 2025–2026), leverage has risen recently (debt-to-equity up to ~0.86 in 2026), and cash-flow coverage versus accounting profit has been uneven in some years.

Income Statement

62Positive

Balance Sheet

66Positive

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	81.00M	81.00M	76.11M	72.82M	70.99M	67.87M
Gross Profit	65.47M	65.47M	61.11M	61.12M	57.18M	53.61M
EBITDA	61.09M	59.43M	67.10M	54.20M	-134.49M	138.69M
Net Income	31.70M	31.70M	38.35M	-67.11M	-150.20M	118.17M
Balance Sheet
Total Assets	1.15B	1.15B	1.01B	1.01B	1.08B	1.24B
Cash, Cash Equivalents and Short-Term Investments	4.72M	4.72M	5.41M	6.63M	4.80M	7.23M
Total Debt	524.30M	524.30M	390.31M	414.26M	393.35M	369.96M
Total Liabilities	539.42M	539.42M	410.27M	427.37M	405.27M	383.69M
Stockholders Equity	613.11M	613.11M	604.40M	587.05M	675.02M	855.04M
Cash Flow
Free Cash Flow	30.94M	30.94M	27.01M	30.26M	31.47M	27.26M
Operating Cash Flow	30.94M	30.94M	27.01M	30.26M	31.47M	27.54M
Investing Cash Flow	-142.87M	-142.87M	16.22M	-22.54M	-36.30M	-73.24M
Financing Cash Flow	111.25M	111.25M	-44.45M	-5.89M	2.40M	46.13M

Investore Property Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price0.99

Price Trends

50DMA1.01Negative

100DMA1.03Negative

200DMA1.03Negative

Market Momentum

MACD-0.01Negative

RSI45.67Neutral

STOCH35.27Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NZ:IPL, the sentiment is Negative. The current price of 0.99 is below the 20-day moving average (MA) of 1.00, below the 50-day MA of 1.01, and below the 200-day MA of 1.03, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 45.67 is Neutral, neither overbought nor oversold. The STOCH value of 35.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NZ:IPL.

Investore Property Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

NZ:IPL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NZ:NPH	68Neutral	NZD 736.52M	26.36	―	4.22%	―	―
NZ:SUM	66Neutral	NZD 1.61B	5.21	8.89%	2.61%	14.09%	-18.30%
NZ:SPG	64Neutral	NZD 610.86M	19.50	―	8.11%	-5.72%	44.44%
NZ:PFI	62Neutral	NZD 1.13B	14.54	―	4.64%	13.17%	-26.72%
NZ:IPL	59Neutral	NZD 373.85M	11.79	―	6.37%	6.42%	-17.97%
NZ:KPG	57Neutral	NZD 1.50B	29.74	2.74%	6.82%	2.85%	-13.56%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

NZ:IPL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
NZ:IPL	Investore Property Ltd.	0.99	-0.20	-16.60%
NZ:KPG	Kiwi Property Group	0.91	-0.10	-10.34%
NZ:SUM	Summerset Group Holdings Limited	6.56	-5.08	-43.66%
NZ:PFI	Property For Industry Limited	2.25	-0.15	-6.37%
NZ:SPG	Stride Property Group	1.09	-0.27	-19.91%
NZ:NPH	Napier Port Holdings Ltd	3.69	0.41	12.40%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 05, 2026

Investore Property Ltd. AI Stock Analysis