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How to buy Investore Property shares (IPL)

What you need to do to buy IPL shares on the NZX.

Investore Property logo

Investore Property Limited is a property investment company that specialises in the large-format retail sector. If you’d like to buy Investore Property (IPL) shares on the New Zealand Exchange, keep reading for step-by-step instructions.

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How to buy shares in Investore Property on the New Zealand Exchange

  1. Compare share trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table. Most importantly, you need to find a share trading platform that allows you to trade on the NZX.
  2. Open and fund your share trading account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Investore Property. Find the stock by name or ticker symbol: IPL. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Investore Property reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs. You may be able to buy a fractional share of Investore Property, depending on your share trading account.
  6. Check in on your investment. Congratulations, you own a part of Investore Property. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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Investore Property overview and background

Investore Property Limited is a real estate investment company. It was established in 2015 following the acquisition of 19 Countdown supermarkets, and the company’s investment philosophy focuses on investing in large-format retail property assets.

Investore is managed by Stride Investment Management Limited and is a Listed Portfolio Investment Entity (PIE). Shares in Investore are listed on the NZX Main Board.

Performance and company results

In its FY21 financial results announcement, released in May 2021, Investore Property shared the following key figures:

  • Profit after income tax of $161.3 million (an increase of $132.6 million from FY20)
  • Net rental income of $55.8 million (an increase of $7.7 million)
  • Distributable profit after income tax of $29.1 million (an increase of $8 million)
  • NTA per share of $2.08 as at 31 March 2021 (an increase of 20.2%)
  • Annual cash dividend of 7.60 cents per share (same as FY20)

Key details

NameInvestore Property LimitedIndustryCommercial Real Estate Management
Ticker symbolIPLISINNZIPLE0001S3
TypeOrdinary SharesDate listed on NZX12 Jul 2016
End of financial yearMarchIndependent chairmanMike Allen
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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