Investore Property (NZSE:IPL) EBIT: NZ$58.58 Mil (TTM As of Mar. 2026)

What is Investore Property EBIT?

Investore Property NZSE:IPL +0.97% 63 EBIT is NZ$58.58 Mil as of Mar. 2026. GuruFocus rates NZSE:IPL with a GF Score™ of 63/100 and a GF Value™ of NZ$1.13 (Fairly Valued). The stock has 8 warning signs investors should review.

Investore Property's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was NZ$32.93 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was NZ$58.58 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Investore Property's annualized ROC % for the quarter that ended in Mar. 2026 was 4.50%. Investore Property's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Investore Property's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.43%.

Investore Property (NZSE:IPL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Investore Property's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	59.326 * ( 1 - 12.79% )	/	( (1027.946	+	1269.885)	/ 2 )
=	51.7382046	/	1148.9155
=	4.50 %

where

	Invested Capital		(Q: Sep. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1036.456	-	7.085	-	( 5.072	-	max(0, 9.147	-	10.572	+	5.072	))
=	1027.946

	Invested Capital		(Q: Mar. 2026 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1152.367	-	10.677	-	( 4.72	-	max(0, 136.69	-	8.495	+	4.72	))
=	1269.885

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Investore Property's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	65.85	/	( ( (0 + max(-3.532, 0))	+	(0 + max(-8.117, 0)) )	/	2 )
=	65.85	/	( ( 0	+	0 )	/	2 )
=	65.85	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Sep. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.134	+	0	+	2.366)	-	(7.085	+	1.947	+	0)
=	-3.532

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.024	+	0	+	2.717)	-	(10.677	+	1.181	+	0)
=	-8.117

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Investore Property's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	58.583	/	910.419
	=	6.43 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Investore Property EBIT Related Terms

Investore Property EBIT Historical Data

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The historical data trend for Investore Property's EBIT can be seen below:

Investore Property EBIT Chart

Investore Property Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

EBIT

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138.69

-134.57

-46.15

67.10

58.58

Investore Property Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25	Mar26
EBIT	Get a 7-Day Free Trial															10.20	23.55	43.55	25.66	32.93

NZSE:IPL vs SPG, O, KIM: EBIT Comparison

For the REIT - Retail subindustry, Investore Property's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Investore Property EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Investore Property's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Investore Property's EV-to-EBIT falls into.

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63GF Score

Investore Property Ltd NZSE:IPL

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Investore Property EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was NZ$58.58 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of NZ$58.58 Mil mean?

Investore Property (NZSE:IPL) has a EBIT of NZ$58.58 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Investore Property.

Is Investore Property's EBIT too high?

Investore Property's current EBIT is NZ$58.58 Mil. Overall, Investore Property has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Investore Property's EBIT compare to SPG and O?

Investore Property's EBIT of NZ$58.58 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for a REITs company?

A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Investore Property. Investore Property's current EBIT is NZ$58.58 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Investore Property stock overvalued right now?

Based on GuruFocus' analysis, Investore Property (NZSE:IPL) is currently considered Fairly Valued. The stock's GF Value™ is NZ$1.13, compared to a current price of NZ$1.05 — trading 7.5% below its estimated fair value. The current EBIT is NZ$58.58 Mil. Investore Property's overall GF Score™ is 63/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Investore Property (NZSE:IPL), the current EBIT is NZ$58.58 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Investore Property (NZSE:IPL) Overvalued in 2026?

Based on GuruFocus' analysis, Investore Property stock appears to be undervalued. The current stock price of NZ$1.05 is trading 7.5% below its estimated GF Value™ of NZ$1.13. GuruFocus considers Investore Property to be Fairly Valued.

Key valuation signals for NZSE:IPL:

EBIT: NZ$58.58 Mil
GF Value™: NZ$1.13 vs. price of NZ$1.05 (7.5% below fair value)
GF Score™: 63/100 with 8 warning signs

No single metric tells the full story. See the NZSE:IPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Investore Property Business Description

Industry Real Estate REITs

Comparable Companies NZSE:APL NZSE:ARG NZSE:PFI NZSE:VHP NZSE:KPG NZSE:PCT SPG O XPAR:URW KIM ASX:SCG REG SGX:C38U HKSE:00823 XPAR:LI FRT BRX ADC NNN ASX:VCX

Address 34 Shortland Street, Level 12, Auckland, NZL, 1010

Website https://www.investoreproperty.co.nz

Investore Property Ltd is a commercial property ownership business that has been established to invest in quality Large Format Retail property assets. Its Large Format Retail includes single-story or low-level properties comprising retail shops and outlets and car parking areas. The group is reported to have a single operating segment, being large format retail properties. The company derives revenue from Rental income.

63GF Score

Get the complete analysis for NZSE:IPL

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NZ$1.05

Price

NZ$1.13

GF Value

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