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Asset Plus Limited

Asset Plus Limited

APL.NZ
Asset Plus LimitedNZ flagNew Zealand Exchange
0.17
NZD
- -
- -
61.66MMarket Cap
Asset Plus Limited
APL.NZ
(New Zealand Exchange)

Recent

price

0.17

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
0.15
0.15
0.12
0.1
0.1
0.1
0.11
0.11
0.1
0.08
0.09
0.05
- -
- -
0.01
0.02
Revenue per Share
-0.07
-0.09
-0.01
0.2
0.05
0.04
0.05
0.02
0.02
0.02
-0.09
0.06
- -
- -
-0.01
-0.02
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
0.05
0.06
0.03
0.04
0.03
0.03
0.05
0.04
0.04
0.04
0.04
0.02
- -
- -
- -
0.05
Dividend per Share
0.53
0.53
0.73
0.84
0.84
0.84
0.83
0.83
0.71
0.69
0.57
0.61
- -
- -
0.39
0.32
Book Value per Share
0.57
0.56
0.54
0.71
0.72
0.73
0.74
0.72
0.71
0.69
0.57
0.61
- -
- -
0.39
0.32
Tangible Book Value per Share
193
168
162
162
162
162
162
162
162
162
162
266
363
363
363
363
Basic Weighted Avg Shares
28
24
20
16
15
17
17
17
17
13
15
14
- -
- -
5
7
Sales/Revenue/Turnover
55.27
38.11
43.09
39.6
45.89
56
53.69
53.26
54.61
55.32
88.99
59.12
- -
- -
35.65
47.16
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
-13
-15
-2
33
8
6
8
3
3
4
-15
16
- -
- -
-5
-6
Net Income, GAAP
- -
- -
- -
3.41
15.03
12.75
9.63
27.23
20.25
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-47.05
-59.98
-11.44
202.56
49.25
38.65
49.28
17.92
18.54
28.49
-98.35
114.74
- -
- -
-99.4
-83.58
Profit Margin (%)
-6
-62
11
32
2
2
- -
- -
38
31
-1
41
- -
- -
-8
10
Working Capital
42
- -
62
30
40
41
48
58
44
10
49
9
- -
- -
- -
- -
LT Debt
110
95
87
114
116
117
120
117
114
112
92
162
- -
- -
141
117
Total Equity
- -
- -
- -
4.21
3.97
5.1
5.06
3.87
4.34
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
20.47
5.36
4.85
5.93
2.72
3.06
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
-11.65
-15.32
-2.2
25.87
5.6
4.7
6.19
2.28
2.49
3.36
-14.39
12.55
- -
- -
-7.5
-4.41
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-16.88%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
7.53%
Sales/Revenue/Turnover
- -
- -
27.89%
Total Cash Common Dividend
- -
- -
351.19%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
5
2025
- -
- -
- -
- -
7

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
-0.01
2025
- -
- -
- -
- -
-0.02

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.05
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Business
Asset Plus Limited Asset Plus Limited (NZX:APL.NZ) operates as a commercial property investment company focused on owning and managing high-quality office properties in New Zealand. The company holds a single asset, the 6-8 Munroe Lane office development in Albany, Auckland, a modern 15,900 square meter facility featuring high-end amenities including shower facilities, gender-neutral restrooms, and secure bike storage; it targets corporate tenants seeking premium workspace with a 5 Star Green Star design rating and pending NABERSNZ energy certification. Externally managed by Centuria Funds Management (NZ) Limited, which provides asset management, shared services, and holds a 19.99% stake as the largest shareholder, Asset Plus generates rental income from its Auckland-based portfolio serving institutional and corporate occupiers. Founded in 1994 and headquartered at Level 2, 30 Gaunt Street, Auckland, the company lists on the NZX Main Board and previously maintained a diversified portfolio across industrial, retail, and commercial segments in Auckland, Christchurch, and select provincial areas before streamlining operations. Its primary services encompass property investment, active asset management for yield enhancement, leasing, and development oversight, with a yield-plus-growth strategy benchmarked against the NZX Property Sector Index. In recent developments, Asset Plus settled the sale of its 35 Graham Street Auckland CBD property to Mansons TCLM Limited for $68 million on 29 November 2024, eliminating leasing and development risks while repaying all bank debt to achieve 0% loan-to-value ratio (LVR). The company distributed a special dividend of 5 cents per share in December 2024 from sale proceeds and declared a quarterly dividend of 0.20 cents per share for the March 2025 quarter. As of 31 March 2025, Munroe Lane exhibits 65% occupancy, 9.0-year weighted average lease expiry (WALE), and $107 million valuation amid a soft office leasing market, with management negotiating binding leases including a non-binding heads of agreement for half of Level 6; future plans include potential marketing for sale and winding up subject to shareholder approval once sufficiently leased.