Asset Plus Limited Ordinary Shares
APL.NZXReal Estate
NPT Limited listed on 4th March 2011 as the result of the corporatisation of previously listed The National Property Trust ("NAP"). The National Property Trust was formed in April 1994 to own and manage a property portfolio of commercial and industrial buildings in major NZ cities. A public issue of 10m units at 90c in November 1996 facilitated listing on the stock exchange, and provided funds to acquire a number of properties.
Market Data
$0.180
-0.0%$65.3M
-20.7x
$-0.009
4.42%
-0.1%
Latest Earnings
Annual Financial Result
22 May 2026
Asset Plus Limited (APL) reported a total loss after tax of $3.16 million for FY26 (year ended 31 March 2026), an improvement from a $5.70 million loss in FY25, with both years driven by unrealised property revaluation losses. Funds from Operations (FFO) surged to $3.18 million from $0.53 million in FY25, reflecting improved rental income and elimination of interest costs following prior-year debt repayment, though AFFO moderated to $0.17 million due to $3.01 million in leasing incentives and costs. The company's key strategic focus remains leasing the balance of Munroe Lane before pursuing a sale, with occupancy improving to 75.6% from 65.0%. Key points: FFO surged to $3.18 million from $0.53 million in FY25, a 500%+ improvement driven by higher rental income and elimination of all interest costs following prior-year debt repayment; Portfolio occupancy improved significantly to 75.6% from 65.0%, driven by the commencement of the Aderant 10-year lease (February 2026) and the securing of MILK Orthodontics on a 12-year lease; WALE increased to 9.4 years from 9.0 years, reflecting strong long-term lease commitments from new tenants
Recent Announcements
Annual Financial Result
Asset Plus Limited (APL) reported a total loss after tax of $3.16 million for FY26 (year ended 31 March 2026), an improvement from a $5.70 million loss in FY25, with both years driven by unrealised property revaluation losses. Funds from Operations (FFO) surged to $3.18 million from $0.53 million in FY25, reflecting improved rental income and elimination of interest costs following prior-year debt repayment, though AFFO moderated to $0.17 million due to $3.01 million in leasing incentives and costs. The company's key strategic focus remains leasing the balance of Munroe Lane before pursuing a sale, with occupancy improving to 75.6% from 65.0%. Key points: FFO surged to $3.18 million from $0.53 million in FY25, a 500%+ improvement driven by higher rental income and elimination of all interest costs following prior-year debt repayment; Portfolio occupancy improved significantly to 75.6% from 65.0%, driven by the commencement of the Aderant 10-year lease (February 2026) and the securing of MILK Orthodontics on a 12-year lease; WALE increased to 9.4 years from 9.0 years, reflecting strong long-term lease commitments from new tenants
Asset Plus – Annual results date and conference call detail
Asset Plus Limited (NZX: APL) will release its annual results for the year ended 31 March 2026 on 22 May 2026, followed by a conference call at 10.00am NZST for which participants can pre-register online.
Munroe Lane Valuation
Asset Plus (NZX: APL) reports a final valuation of $105.5 million for the Munroe Lane property as at 31 March 2026, down $1.5 million from the prior year due to a 0.25% increase in the capitalisation rate. The company forecasts a $7.1 million fair value reduction for the six months ended 31 March 2026, resulting in a 1.9 cents per share decrease in NTA to 30.5 cents per share, subject to external audit confirmation by 29 May 2026.
Interim Quarter Dividend
Asset Plus Limited (NZX:APL) declared a third quarter dividend of 0.2 cents per share with no imputation credits, payable on 6 March 2026 to shareholders on record as of 26 February 2026.
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