Company Asset Plus Limited

Equities

APL

NZNAPE0007S3

Real Estate Development & Operations

Analysts' Consensus

Business Summary

Sales per Business

Sales per region

Managers

Members of the board

Share class

Shareholders

Company contact information

Sector

Sales per Business

Ratings for Asset Plus Limited

EPS Revisions

Quarterly revenue - Rate of surprise

Sector Other Real Estate Development & Operations

End-of-day quote New Zealand S.E. Other stock markets 03:30:00 30/04/2024 am IST			5-day change	1st Jan Change
0.225 ^NZD	-2.17%		-4.26%	-10.00%

04/04	Asset Plus Forecasts Drop in Net Tangible Assets for Six Months Ended March	MT
2023	Asset Plus Limited Reports Earnings Results for the Half Year Ended September 30, 2023	CI

Asset Plus Limited (Asset Plus) is a New Zealand-based commercial property investment company. The Company holds a diversified portfolio of properties spread across New Zealand. It invests in industrial and commercial buildings throughout New Zealand. The Company is focused on its Munroe Lane property. Asset Plus's development at 6-8 Munroe Lane provides an offering for office space in Albany. Its office building provides a total of 15,900 square metres with onsite amenities. Its 6-8 Munroe Lane is designed around a modern workforce with high-end shower facilities, gender-neutral facilities, and secure bike storage. The Company is externally managed by Centuria NZ.

NZD in Million	2022	Weight	2023	Weight	Delta
Rental 76.4 %	10	85.0 %	5	76.4 %	-51.97%
Operating Cost Recoveries 22.8 %	2	20.0 %	1	22.8 %	-38.98%
COVID-19 Rental Adjustment 0.9 %	-	-	0	0.9 %	-
Capitalised Lease Incentive Adjustments -0.5 %	0	-2.3 %	0	-0.5 %	-89.05%
Other 0.3 %	0	0.0 %	0	0.3 %	+320.00%

NZD in Million	2022	Weight	2023	Weight	Delta
New Zealand 100.0 %	12	100.0 %	6	100.0 %	-46.56%

Managers	Title	Age	Since
Simon Woollams DFI	Director of Finance/CFO	-	-
Luke Fitzgibbon LAW	General Counsel	-	-

Members of the board	Title	Age	Since
John McBain BRD	Director/Board Member	67	08/20/08
Bruce Cotterill CHM	Chairman	-	21/17/21
Carol Campbell BRD	Director/Board Member	-	01/15/01
Paul Duffy BRD	Director/Board Member	-	21/17/21
Allen Bollard BRD	Director/Board Member	-	21/17/21

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	362,718,000	338,430,797 ( 93.30 %)	0	93.30 %

Name	Equities	%	Valuation
CENTURIA CAPITAL GROUP 19.99 %	72,507,828	19.99 %	10 M $
Accident Compensation Corp. 14.31 %	51,896,611	14.31 %	7 M $
Salt Funds Management Ltd. 10.96 %	39,749,257	10.96 %	5 M $

Asset Plus Ltd.

Bayleys House 30 Gaunt Street, Wynyard Quarter

1010, Auckland

http://www.assetplusnz.co.nz

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.225 NZD

Average target price

0.3 NZD

Spread / Average Target

+33.33%

Consensus

Estimates Revisions

Company calendar

Real Estate

Real Estate

Real Estate Operations

Real Estate Development & Operations

Other Real Estate Development & Operations

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Other Real Estate Development & Operations