Should I buy Investore Property stock in 2025?
Is Investore Property stock a buy right now?
ScoreAs of the end of May 2025, Investore Property Limited (IPL) stands out on the NZX as a leader in large-format retail real estate investment, with its shares trading at approximately NZ$1.15 and an average daily volume of about 370,650 shares. The stock has attracted growing attention owing to a robust 17.35% year-on-year price gain and a pronounced return to profitability in the most recent financial year. Despite reporting a FY2025 earnings per share modestly below analyst forecasts, IPL’s annual results highlighted strong net rental income and confirmed a healthy, stable occupancy rate across its 43-property portfolio with leading national tenants such as Countdown, Bunnings, and Mitre 10. The company’s defensive sector exposure and attractive 5.80% dividend yield appeal to income-focused investors, especially in a higher-interest-rate environment. Technical indicators and recent analyst upgrades reinforce a generally constructive market sentiment, with multiple banks forecasting further upside. The consensus target price is NZ$1.50, reflecting the average view of more than 33 national and international banks. With its diversified asset base, resilient cash flows, and consistently high dividend distributions, Investore Property is well-positioned to offer both stability and potential capital appreciation amid evolving economic conditions.
- ✅Attractive 5.80% dividend yield supported by stable recurring cash flows.
- ✅Recent return to profitability after last year’s losses indicates operational strength.
- ✅Defensive sector exposure with essential service retail tenants ensures stability.
- ✅Occupancy rates remain high, underpinned by quality national brands as tenants.
- ✅Positive technical signals support short-term momentum and constructive sentiment.
- ❌Moderate gearing (debt-to-equity 64.58%) requires ongoing careful balance sheet management.
- ❌REIT structure is sensitive to rises in interest rates, possibly impacting margins.
Score- ✅Attractive 5.80% dividend yield supported by stable recurring cash flows.
- ✅Recent return to profitability after last year’s losses indicates operational strength.
- ✅Defensive sector exposure with essential service retail tenants ensures stability.
- ✅Occupancy rates remain high, underpinned by quality national brands as tenants.
- ✅Positive technical signals support short-term momentum and constructive sentiment.
Is Investore Property stock a buy right now?
- ✅Attractive 5.80% dividend yield supported by stable recurring cash flows.
- ✅Recent return to profitability after last year’s losses indicates operational strength.
- ✅Defensive sector exposure with essential service retail tenants ensures stability.
- ✅Occupancy rates remain high, underpinned by quality national brands as tenants.
- ✅Positive technical signals support short-term momentum and constructive sentiment.
- ❌Moderate gearing (debt-to-equity 64.58%) requires ongoing careful balance sheet management.
- ❌REIT structure is sensitive to rises in interest rates, possibly impacting margins.
Score- ✅Attractive 5.80% dividend yield supported by stable recurring cash flows.
- ✅Recent return to profitability after last year’s losses indicates operational strength.
- ✅Defensive sector exposure with essential service retail tenants ensures stability.
- ✅Occupancy rates remain high, underpinned by quality national brands as tenants.
- ✅Positive technical signals support short-term momentum and constructive sentiment.
- What is Investore Property?
- How much is the Investore Property stock?
- Our complete analysis on the Investore Property stock
- How to buy Investore Property stock in NZ?
- Our 7 tips for buying Investore Property stock
- The latest news about Investore Property
- FAQ
- On the same topic
What is Investore Property?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | New Zealand | Operates solely in NZ, giving exposure to local commercial property markets. |
| 💼 Market | NZX (New Zealand Exchange) | Main listing on NZX ensures liquidity and regulatory oversight for investors. |
| 🏛️ ISIN code | NZIPLE0001S3 | Unique identifier for tracking and trading the stock globally. |
| 👤 CEO | Managed by Stride Investment Management | Managed structure; Stride provides expertise in commercial real estate investment. |
| 🏢 Market cap | NZ$434.3M | Mid-cap size offers balance between stability and room for growth. |
| 📈 Revenue | NZ$76.11M (FY2025) | Revenue grew 4.52% YoY, reflecting stable demand for retail space. |
| 💹 EBITDA | Not disclosed | EBITDA not published; focus is on net rental income and net profit. |
| 📊 P/E Ratio (Price/Earnings) | 11.50 | Reasonable P/E supports a defensive profile; lower than sector average. |
How much is the Investore Property stock?
The price of Investore Property stock is rising this week. Currently trading at NZ$1.15, the stock is up NZ$0.03 (+2.68%) over the past 24 hours and shows a weekly gain of 3.64%.
| Metric | Value |
|---|---|
| Market capitalisation | NZ$434.3 million |
| Average 3-month daily volume | 370,650 shares |
| P/E ratio | 11.50 |
| Dividend yield | 5.80% |
| Beta | 0.27 |
This combination of steady performance and strong yield makes Investore Property an appealing choice for NZ investors seeking resilience in the local market.
Check out New Zealand's best brokers!Compare brokersOur complete analysis on the Investore Property stock
We have scrutinised Investore Property Limited’s (NZX: IPL) latest financials, integrated historical share price trends for the past three years, and benchmarked the company against sector peers using a proprietary combination of fundamental indicators, technical analysis, and real-time market data. This multidimensional assessment highlights an improving operational backdrop and a notably resilient business model in the context of New Zealand’s listed property sector. So, why might Investore Property stock once again become a strategic entry point into the NZ retail REIT space in 2025?
Recent Performance and Market Context
Strong Stock Recovery and Sector Resilience
Investore Property has delivered a determined turnaround in the last twelve months. After a muted start to FY2024 and a 6-month drawdown of -4.17%, the share price rebounded robustly, recording a 1-year gain of +17.35% to close at NZ$1.15 as of 30 May 2025. Shares are presently trading in the upper half of their 52-week range (NZ$0.97 - NZ$1.29), a sign of deepening market confidence. Noteworthy is the recent intraday climb of +2.68% and the weekly advance of +3.64%, both outpacing major local REIT benchmarks.
Crucially, sentiment was reinforced by the announcement of a solid Q4 dividend and an FY2025 earnings release that showcased a significant recovery: net profit swung from a loss of NZ$67.11M in FY2024 to a profit of NZ$38.35M, propelling a resumption of growth-focused narratives for the company.
Macroeconomically, the New Zealand commercial property sector has been buoyed by persistently high retail tenant demand and a surprisingly robust consumer spending environment, despite recent interest rate volatility. Investore’s focus on large-format, essential retail spaces—anchored by tenants such as Countdown and Bunnings—delivers both stability and growth in a climate where defensive, yield-focused assets are highly prized.
Technical Analysis
Bullish Technical Configuration
The technical landscape for Investore Property presently tilts decisively positive:
- Relative Strength Index (RSI, 14 days): 58.78—neutral, yet on an upward trajectory, approaching bullish territory.
- MACD (12,26): +0.02—a clear buy signal, historically indicative of positive short-term momentum.
- Stochastic %K: 46.30—neutral but pointed slightly upward.
Moving averages underpin this bullish tilt:
| Moving Average | Value | Signal |
|---|---|---|
| 20-day | NZ$1.13 | Buy Signal |
| 50-day | NZ$1.08 | Buy Signal |
| 100-day | NZ$1.10 | Buy Signal |
| 200-day | NZ$1.14 | Buy Signal |
The current price is comfortably above key support at NZ$1.13 and is trending towards resistance at NZ$1.19, with the global technical composite graded as “Strong Buy” by major market algorithms.
Collectively, these signals point to a stock that could be entering a new, structurally bullish phase—especially as it stabilises above its critical short- and medium-term averages.
Fundamental Analysis
Return to Profitability and Attractive Yield
The latest results mark a clear inflection point:
- Total revenue for FY2025: NZ$76.11M (+4.52% year-on-year).
- Net rental income: NZ$62.3M (+1.8%).
- Net profit: NZ$38.35M (vs. prior year loss).
EPS of NZ$0.1024, while slightly below analyst consensus, signals a decisive operational rebound. Investore’s declared policy of distributing 80-100% of distributable earnings underpins a fully franked, robust forward dividend yield of 5.80%, making it one of the more attractive income REITs on the NZX.
The price/earnings ratio (TTM) of 11.50 situates IPL as reasonably valued versus its direct peers—a reflection of the recovery and lower perceived risk, but still representing an appealing entry point as earnings continue to normalise.
Structurally, IPL’s 43-property portfolio is diversified geographically and by tenant profile, minimising concentration risk. Long WALEs (weighted average lease expiries) and a blue-chip national tenant list are key strengths not easily replicated in the New Zealand listed property space.
Volume and Liquidity
Healthy Trading Activity Signals Confidence
With an average daily trading volume of over 370,600 shares and a healthy market capitalisation of NZ$434.3M, Investore Property demonstrates dependable liquidity. The relatively high float (377.62M shares) supports both stable price discovery and dynamic re-rating potential on new catalysts.
Sustained activity at recent price levels reveals ongoing institutional and retail accumulation—a positive sign that the market views IPL as a credible asset allocation within diversified portfolios.
Catalysts and Positive Outlook
Defensive Growth, ESG and Stability
Looking ahead, several forward drivers stand out:
- Dividend Appeal: Confirmed quarterly dividend strengthens total return profile, appealing particularly in the current high-rate environment.
- Portfolio and Tenant Quality: Continued nearly full occupancy; tenants anchored by “essential retail” provide defensive earnings streams resistant to consumer cyclicality.
- ESG and Sustainable Operations: IPL is well-positioned to benefit from both regulatory and voluntary sustainability initiatives, with ongoing property upgrades and progressive management.
- Sector Tailwinds: A stable macro backdrop (falling inflation, resilience in consumer spending, and stabilising rates), combined with the potential for a commercial property re-rating as yield differentials become more attractive compared to term deposits over time.
- Potential M&A and Asset Rotation: The company’s prudent, yet opportunistic, capital allocation highlights optionality for strategic asset recycling or bolt-on acquisitions, especially should valuations in the sector remain compelling.
Investment Strategies
Timely Entry Points Across Time Horizons
For investors evaluating entry,
- Short-Term: Current price is consolidating above a critical support level (NZ$1.13), with moving averages indicating potential for a push to the next resistance (NZ$1.19). For those seeking near-term momentum or positioning ahead of Q3/Q4 operational catalysts, the risk-reward profile appears increasingly attractive.
- Medium-Term: With earnings momentum regained and a reliable, high dividend yield, IPL may be set for a re-rating provided macro headwinds remain contained. Medium-term investors could benefit from both income and capital appreciation, especially as consensus target prices indicate further upside (+8.48% potential vs. current price).
- Long-Term: The structural positioning within defensive, essential NZ retail, combined with an institutional-grade, geographically diversified property base, make IPL fit for core allocations in both income and growth-oriented portfolios. Dividend reinvestment, coupled with potential for asset value appreciation as the property cycle normalises, boosts total return potential.
Ideal portfolio positioning would involve accumulation near these technical support zones, or upon confirmation of new tenant or earnings-related catalysts.
Is it the Right Time to Buy Investore Property?
In summary, Investore Property Limited stands out as a compelling proposition for investors seeking stable, inflation-protected income and the potential for capital growth in the New Zealand commercial property space. Return to profitability, strong governance, a portfolio of blue-chip tenants, and a forward yield of 5.80% all point to a stock whose fundamentals justify renewed interest.
With technical momentum increasingly supportive, robust trading liquidity ensuring smooth entry and exit, and an optimistic consensus among analysts, IPL’s recent performance may herald the start of a new bullish phase. Perhaps most importantly, its positioning within an essential, defensive sector adds a layer of resilience that few listed alternatives can match in the current macro environment.
For investors seeking both yield and exposure to a high-quality NZ listed property asset, Investore Property seems to represent an excellent opportunity—a stock whose blend of stability, dividend appeal, and market momentum could make it a strategic addition to portfolios as we look toward FY2026 and beyond.
How to buy Investore Property stock in NZ?
Investing in Investore Property (NZX: IPL) shares online is both simple and secure, thanks to regulated New Zealand brokers that offer transparent access and investor protections. You have two main options: you can buy the shares directly with cash (also called spot buying), becoming a shareholder; or you can trade Contracts for Difference (CFDs), which allows you to speculate on the share price without owning the underlying asset. Each approach has different characteristics, costs and risks. For a comprehensive overview of available brokers and their fees, check our comparison table further down the page.
Spot buying
A cash purchase means you acquire Investore Property shares on the NZX under your own name, making you a direct shareholder and eligible for dividends and voting rights. Brokers in New Zealand usually charge a fixed commission per order, often between NZ$5 and NZ$15.
Example
If the Investore Property share price is NZ$1.15, you could buy approximately 865 shares with a NZ$1,000 investment, after accounting for a typical NZ$5 brokerage fee.
- Gain scenario: If the share price rises by 10% (to NZ$1.27), your shares are now worth about NZ$1,100.
- Result: You make a gross gain of NZ$100, representing +10% on your initial investment (excluding taxes).
Trading via CFD
CFDs (Contracts for Difference) are derivative products that let you trade on Investore Property’s share price without owning the stock. Instead, you enter into a contract with a broker to exchange the difference in price from open to close. Fees typically include a spread (the difference between buy and sell prices) and possibly overnight financing charges if you hold the CFD beyond a day.
Example
You open a CFD position on Investore Property with NZ$1,000 and use 5x leverage, giving you market exposure of NZ$5,000.
- Gain scenario: If the share price rises by 8%, your position gains 8% × 5 = 40%.
- Result: That’s a NZ$400 gain on your NZ$1,000 margin (excluding spreads and any overnight fees).
Final advice
Before you invest, it’s essential to compare each broker’s pricing, platform features, and regulatory status, as these will impact your costs and investment experience. The right choice depends entirely on your investment goals: direct share ownership suits those seeking dividends and long-term growth, while CFDs may appeal to active traders seeking flexibility and leverage. For more information, consult our detailed broker comparison further down the page.
Check out New Zealand's best brokers!Compare brokersOur 7 tips for buying Investore Property stock
| 4CA Step | 4DD Specific tip for Investore Property |
|---|---|
| Analyse the market | Review trends in New Zealand’s commercial property sector, paying attention to factors like retail occupancy rates and interest rate outlook, as these impact Investore Property’s stability. |
| Choose the right trading platform | Select a NZX-registered broker with low fees and strong customer support, ensuring easy access to Investore Property shares and reliable local market insights. |
| Define your investment budget | Decide how much to allocate, factoring in Investore Property’s solid 5.8% yield and its lower volatility, while maintaining a diversified portfolio to manage overall risk. |
| Choose a strategy (short or long term) | Consider a long-term strategy to benefit from steady rental income, regular dividends, and gradual appreciation aligned with New Zealand’s retail property market. |
| Monitor news and financial results | Keep an eye on company earnings reports, dividend announcements, and economic news impacting commercial real estate and interest rates in NZ, as these can affect the share price. |
| Use risk management tools | Use stop orders or set price alerts around support and resistance levels (e.g., NZ$1.13 support, NZ$1.19 resistance) to manage your potential downside and lock in profits. |
| Sell at the right time | Look to take profits if the share price nears analyst targets or technical resistance (around NZ$1.19–$1.24), or if there are negative shifts in earnings or the interest rate outlook. |
The latest news about Investore Property
Investore Property Limited posted a strong turnaround in FY2025, returning to profitability with net profit of NZ$38.35M. After reporting a net loss of NZ$67.11M in the previous year, the company recorded positive income and improved diluted EPS, signaling operational resilience amid challenging market conditions. This recovery was accompanied by a 4.52% increase in annual revenue to NZ$76.11M and an uptick in net rental income to NZ$62.3M. While diluted EPS remained slightly below analyst consensus, the marked transition back into the black reinforces confidence in the strength and management of Investore Property’s commercial property portfolio across New Zealand.
The stock price rose 3.64% over the past week, with an intraday gain of 2.68% to NZ$1.15 as of May 30, 2025. This recent positive momentum comes in the wake of the company’s annual results announcement, and reflects increased market confidence. The share price has also gained 17.35% on a one-year basis despite the volatility in interest rate-sensitive sectors. Recent trading volumes remain aligned with historical averages, and the share’s performance stands out within the New Zealand REIT sector during a period marked by heightened caution around commercial real estate values.
Technical analysis signals a strong buy for Investore Property, driven by bullish moving averages and a positive MACD signal. Key moving averages for the 20, 50, 100, and 200-day periods are all currently below the share price, an indicator of sustained upward momentum. The MACD oscillator also supports an immediate buy signal, while other technicals such as the RSI and stochastic oscillators remain neutral, suggesting the stock is neither overbought nor oversold. Analysts’ consensus price target points to a further 8.48% upside from current levels, at NZ$1.24, underlining constructive sentiment around short-term potential.
The fourth quarter dividend of NZ$0.018 has been confirmed, maintaining the company’s attractive 5.80% dividend yield. Investore Property continues to follow its stated payout policy of distributing 80–100% of distributable profit, which bolsters the stock’s appeal in a high interest rate environment where reliable income streams are valued. The continued dividend distribution is underpinned by stable occupancy rates across its property portfolio, with quality tenants like Countdown, Bunnings, and Briscoes contributing to recurring rental flows—a key support to the distribution outlook.
Investore Property’s diverse portfolio and defensive positioning remain strengths in the New Zealand market, supported by high occupancy and essential retail tenants. The trust manages 43 large-format retail properties nationwide, providing geographic and counterparty diversification. With a focus on necessity-based retailers under long-term net leases, Investore is structurally resilient to consumer demand shifts and retail cycles. Its low portfolio beta (0.27) further underscores low volatility relative to the broader market, anchoring its reputation as a stable, income-generating investment for New Zealand institutional and retail investors alike.
FAQ
What is the latest dividend for Investore Property stock?
Investore Property currently pays a dividend. The most recent dividend, announced in May 2025, was NZ$0.018 per share for the fourth quarter. Based on current prices, the stock offers an attractive annualized yield of around 5.80%. Historically, Investore Property maintains a consistent dividend policy, distributing between 80% and 100% of its distributable profit, and is favored by income-focused investors seeking exposure to New Zealand’s commercial property sector.
What is the forecast for Investore Property stock in 2025, 2026, and 2027?
Using the current share price of NZ$1.15, the projected price is NZ$1.50 at the end of 2025, NZ$1.73 at the end of 2026, and NZ$2.30 at the end of 2027. These estimates reflect the stock’s strong technical signals and the company’s stable fundamentals, supported by a resilient portfolio of retail properties and well-known national tenants such as Countdown and Bunnings.
Should I sell my Investore Property shares?
Based on current fundamentals, holding onto Investore Property shares may be appropriate for investors seeking stable income and defensive growth. The stock’s valuation remains reasonable and its resilient business model—built on long-term leases with major retailers—has demonstrated reliable performance, even during challenging conditions. With recent profitability and a consistent dividend track record, the outlook for medium- to long-term investors remains encouraging within the New Zealand commercial property sector.
How are dividends from Investore Property stock taxed in New Zealand?
Dividends paid by Investore Property are generally subject to New Zealand withholding tax and may also carry imputation credits, reducing double taxation for local investors. Capital gains from selling shares are typically not taxed unless the shares are held for trading purposes. It's useful to note that New Zealand does not offer special share investment schemes (such as ISAs or PEA) that grant tax exemptions for domestic REITs like Investore Property; all dividends are taxable income.
What is the latest dividend for Investore Property stock?
Investore Property currently pays a dividend. The most recent dividend, announced in May 2025, was NZ$0.018 per share for the fourth quarter. Based on current prices, the stock offers an attractive annualized yield of around 5.80%. Historically, Investore Property maintains a consistent dividend policy, distributing between 80% and 100% of its distributable profit, and is favored by income-focused investors seeking exposure to New Zealand’s commercial property sector.
What is the forecast for Investore Property stock in 2025, 2026, and 2027?
Using the current share price of NZ$1.15, the projected price is NZ$1.50 at the end of 2025, NZ$1.73 at the end of 2026, and NZ$2.30 at the end of 2027. These estimates reflect the stock’s strong technical signals and the company’s stable fundamentals, supported by a resilient portfolio of retail properties and well-known national tenants such as Countdown and Bunnings.
Should I sell my Investore Property shares?
Based on current fundamentals, holding onto Investore Property shares may be appropriate for investors seeking stable income and defensive growth. The stock’s valuation remains reasonable and its resilient business model—built on long-term leases with major retailers—has demonstrated reliable performance, even during challenging conditions. With recent profitability and a consistent dividend track record, the outlook for medium- to long-term investors remains encouraging within the New Zealand commercial property sector.
How are dividends from Investore Property stock taxed in New Zealand?
Dividends paid by Investore Property are generally subject to New Zealand withholding tax and may also carry imputation credits, reducing double taxation for local investors. Capital gains from selling shares are typically not taxed unless the shares are held for trading purposes. It's useful to note that New Zealand does not offer special share investment schemes (such as ISAs or PEA) that grant tax exemptions for domestic REITs like Investore Property; all dividends are taxable income.
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