New Zealand Rural Land Company Limited (NS) Ordinary Shares
NZL.NZXReal Estate
NZRLC is a newly incorporated company that has been formed for the purpose of acquiring rural land across the New Zealand agricultural sector. NZRLC intends to be a landlord only and will lease the rural land that it acquires to experienced tenants under long term leases. Tenants will undertake the on-land agricultural operations and pay rental to NZRLC. In the long term NZRLC may acquire land in the dairy, sheep and beef, horticulture, viticulture and forestry sectors. However, the initial focus for NZRLC is to acquire rural land in the dairy sector.
Market Data
$0.955
+0.0%$139.9M
17.6x
$0.054
6.58%
+0.1%
Latest Earnings
2025 Climate-Related Disclosures Report
29 April 2026
This document is a Climate-Related Disclosures Report for New Zealand Rural Land Company Limited (NZL) for the period ended 31 December 2025, not a financial earnings announcement. The report covers NZL's greenhouse gas inventory (first full-scope ISO-aligned GHG inventory covering Scope 1, 2 and 3), climate scenario analysis, governance framework, and transition planning for its ~17,077 hectare rural land portfolio. No financial results, revenue, earnings, or dividends are reported in this document. Key points: NZL completed its first full-scope, ISO-aligned greenhouse gas inventory covering Scope 1, 2 and all relevant Scope 3 emissions — a material step forward in emissions data quality and methodological robustness.; NZL owns approximately 17,077 hectares of rural land with 100% occupancy across nine tenants, comprising 11,445ha dairy, 5,488ha forestry and 114ha orchards as at 31 December 2025.; Portfolio diversification continued during FY25, including settlement of a 305-hectare Canterbury dairy property, completion of the second tranche of a Central Otago apple orchard acquisition, and sale of two pastoral farms.
Recent Announcements
Q1 FY26 Dividend
The New Zealand Rural Land Company Limited (NZL.NZX) announced a Q1 FY26 dividend of 1.34 cents per share, fully imputed, with a record date of 29 May 2026 and payment date of 26 June 2026; the dividend reinvestment scheme will not operate for this distribution.
Issue of Performance Fee Shares
New Zealand Rural Land Company (NZL) issued 358,667 fully paid ordinary shares to satisfy performance fees under its Management Agreement: 257,415 shares at $1.6097 for the period ending 31 December 2025, and 101,252 shares at $1.6629 for the restated period ending 31 December 2024. Total shares on issue are now 146,497,193, with 50% of the new shares subject to 5-year trading restrictions.
2026 Annual Meeting Results
New Zealand Rural Land Company Limited held its annual shareholder meeting on 20 May 2026, where shareholders voted to re-elect directors Rob Campbell (92.79% in favor) and Sarah Kennedy (92.44% in favor), and authorized the Board to fix auditor fees (99.36% in favor). All three ordinary resolutions passed by poll with strong shareholder support.
2026 Annual Meeting Chair Address and Presentation
New Zealand Rural Land Company (NZL) held its 2026 Annual Shareholder Meeting, reporting FY25 consolidated net profit of $7.9m and AFFO of $7.9m, with a Canterbury dairy farm acquisition adding $290k annual lease income and revised dividend policy targeting 90-100% quarterly AFFO distributions. The company forecasts FY26 AFFO between $8.25m-$8.75m, maintains 17,077 hectares of diversified rural land with CPI-linked leases providing inflation protection, and is evaluating board composition following an independent review.
D&O Relevant Interest Disclosure - Chris Swasbrook
Former Director Christopher Grant Swasbrook of New Zealand Rural Land Company Limited (NZL) sold 350,000 ordinary shares (reducing his holding from 1,850,000 to 1,500,000) for $315,739.26 and fully disposed of 83,606 warrants (NZLWA) for $836.06 in on-market sales on 11-12 May 2026.
2025 Climate-Related Disclosures Report
This document is a Climate-Related Disclosures Report for New Zealand Rural Land Company Limited (NZL) for the period ended 31 December 2025, not a financial earnings announcement. The report covers NZL's greenhouse gas inventory (first full-scope ISO-aligned GHG inventory covering Scope 1, 2 and 3), climate scenario analysis, governance framework, and transition planning for its ~17,077 hectare rural land portfolio. No financial results, revenue, earnings, or dividends are reported in this document. Key points: NZL completed its first full-scope, ISO-aligned greenhouse gas inventory covering Scope 1, 2 and all relevant Scope 3 emissions — a material step forward in emissions data quality and methodological robustness.; NZL owns approximately 17,077 hectares of rural land with 100% occupancy across nine tenants, comprising 11,445ha dairy, 5,488ha forestry and 114ha orchards as at 31 December 2025.; Portfolio diversification continued during FY25, including settlement of a 305-hectare Canterbury dairy property, completion of the second tranche of a Central Otago apple orchard acquisition, and sale of two pastoral farms.
D&O Relevant Interest Disclosure - Rob Campbell
Robert James Campbell, Independent Chair of New Zealand Rural Land Company Limited, acquired 32,750 ordinary shares on-market on 23 April 2026 for $29,803, increasing his holding from 1,086,234 to 1,118,984 shares held through FNZ Custodians Limited.
Notice of 2026 Annual Meeting
New Zealand Rural Land Company Limited (NZL.NZX) is holding its 2026 Annual Shareholder Meeting on 20 May 2026 to vote on three ordinary resolutions: re-election of directors Rob Campbell and Sarah Kennedy, and authorization for the Board to fix auditor fees for PricewaterhouseCoopers.
Director Resignation
Christopher Swasbrook has resigned as a Director of New Zealand Rural Land Company Limited (NZX: NZL), effective 30 April 2026, after serving since September 2020. The company retains three independent directors and remains compliant with NZX Listing Rules.
Director Nominations
New Zealand Rural Land Company Limited opened nominations for directors to be voted on at its annual meeting on 8 April 2026, with nominations closing on 22 April 2026 at 4:00pm. The Annual Meeting will be held virtually on 20 May 2026 at 12pm, and only shareholders entitled to vote may submit nominations accompanied by the nominee's written consent.
Get real-time alerts for NZL
Receive AI-powered earnings summaries and instant notifications when New Zealand Rural Land Company Limited (NS) Ordinary Shares releases results.
Register Free