1. New Zealand Stocks

  2. •

    Finance

  3. •

    Real estate development
Asset Plus Limited

Asset Plus Limited

NNZX:APL
0.16
NZD
+0.00
(-1.82%)
-0.02EPS
67.47MMarket Cap
Nov 18Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
Revenue per Share
0.1
0.1
0.1
0.11
0.11
0.1
0.08
0.09
0.05
- -
- -
0.01
0.02
Basic EPS, GAAP
0.2
0.05
0.04
0.05
0.02
0.02
0.02
-0.09
0.06
- -
- -
-0.01
-0.02
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.04
0.03
0.03
0.05
0.04
0.04
0.04
0.04
0.02
- -
- -
- -
0.05
Book Value per Share
0.71
0.72
0.73
0.74
0.72
0.71
0.69
0.57
0.45
- -
- -
0.39
0.32
Tangible Book Value per Share
0.71
0.72
0.73
0.74
0.72
0.71
0.69
0.57
0.45
- -
- -
0.39
0.32
Basic Weighted Avg Shares
162
162
162
162
162
162
162
162
266
363
363
363
363
Sales/Revenue/Turnover
16
15
17
17
17
17
13
15
14
- -
- -
5
7
Operating Margin (%)
39.6
45.89
56
53.69
53.26
54.61
55.32
88.99
59.12
- -
- -
35.65
47.16
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
33
8
6
8
3
3
4
-15
16
- -
- -
-5
-6
Effective Tax Rate (%)
3.41
15.03
12.75
9.63
27.23
20.25
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
202.56
49.25
38.65
49.28
17.92
18.54
28.49
-98.35
114.74
- -
- -
-99.4
-83.58
Working Capital
32
2
2
- -
- -
38
31
-1
41
- -
- -
-8
10
LT Debt
31
40
41
48
59
45
11
49
9
- -
- -
- -
- -
Total Equity
114
116
117
120
117
114
112
92
162
- -
- -
141
117
Return on Invested Capital (%)
4.16
3.97
5.1
5.06
3.83
4.32
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
24.19
6.11
5.43
6.55
2.97
3.22
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
32.75
6.62
5.47
7.08
2.59
2.67
3.36
-14.39
12.55
- -
- -
- -
-4.41

Capital Structure

NZD

•

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

Working Capital

NZD

•

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

Growth Rates

NZD

•

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
- -
- -
- -

Semi-annual Revenue

NZD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
5
2025
- -
- -
7

Semi-annual Earnings Per Share

NZD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
-0.01
2025
- -
- -
-0.02

Semi-annual Dividends Per Share

NZD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
0.05

Company Description

Company Profile APIChatGPT
CEO
Joel Lindsay
Full Time Employees
4
Sector
Finance
Industry
Real estate development
Address
Bayleys House Auckland AU New Zealand 1010
IPO Date
Apr 4, 2011
Website
assetplusnz.co.nz
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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.