Investore Property stock trades at NZD 1.00 with dividend cover

Investore Property (ISIN NZIPLE0001S3) was trading at NZD 1.00 on the NZX on October 7, 2026 at 2:38 p.m. NZDT. The company combines a 99.5 percent occupied retail property portfolio with a dividend that was covered by FY26 distributable profit.

Dividend cover reaches 8.13 cents

ValueHub reported FY26 distributable profit of 8.13 cents per share and a 6.50 cent dividend. Profit therefore exceeded the distribution by 1.63 cents per share, or 25.08 percent, giving the payout a measurable coverage buffer for the fiscal year.

The same report said the board guided to a 6.50 cent dividend for FY27. That figure keeps the shareholder distribution unchanged against the FY26 payout, while the latest reported profit remains the key comparison for income-focused investors.

Retail portfolio stays highly occupied

Investore owns 43 large-format retail properties, including supermarkets, Bunnings stores and open-air shopping centers, according to ValueHub. The portfolio had a 99.5 percent occupancy rate and a 5.9-year average lease term in the figures published for FY26.

The portfolio mix gives IPL a clear operating profile: rental income is concentrated in food, household goods and hardware retail. The counter-factor is tenant concentration, with Woolworths identified as a dominant tenant, while the externally managed structure adds a recurring management cost.

Stock sits below yearly high

IPL's October 7, 2026 trading range was NZD 1.00 to NZD 1.02, with volume of 531,560 shares. The NZD 1.00 price was 25.93 percent below the 52-week high of NZD 1.35 and 1.01 percent above the 52-week low of NZD 0.99.

Market capitalization stood at NZD 379.5 million on October 7, 2026. The combination of a dated market value, 99.5 percent occupancy and 8.13 cents of FY26 distributable profit gives investors three different measures of IPL's income profile, portfolio utilization and equity value.

More news and analyses on Investore Property stock