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Investore PropertyNZSE:IPL +0.95%65 Return-on-Tangible-Asset is 3.46% as of Mar. 2026, which is 8% below its 10-year median of 3.78. GuruFocus rates NZSE:IPL with a GF Score™ of 65/100 and a GF Value™ of NZ$1.12 (Fairly Valued). The stock has 8 warning signs investors should review. Among 933 REITs companies, Investore Property ranks worse than 54.66% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Investore Property's annualizedNet Income for the quarter that ended in Mar. 2026 was NZ$37.84 Mil. Investore Property's average total tangible assets for the quarter that ended in Mar. 2026 was NZ$1,094.41 Mil. Therefore, Investore Property's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.46%.
The historical rank and industry rank for Investore Property's Return-on-Tangible-Asset or its related term are showing as below:
NZSE:IPL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.95 Med: 3.78 Max: 17.36
Current: 2.97
During the past 10 years, Investore Property's highest Return-on-Tangible-Asset was 17.36%. The lowest was -12.95%. And the median was 3.78%.
NZSE:IPL's Return-on-Tangible-Asset is ranked worse than 54.66% of 933
companies
in the REITs industry
Industry Median: 3.27
vs NZSE:IPL: 2.97
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Investore Property Return-on-Tangible-Asset Related Terms
Investore Property Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Investore Property's Return-on-Tangible-Asset can be seen below:
* 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.
NZSE:IPL vs SPG, O, KIM: Return-on-Tangible-Asset Comparison
For the REIT - Retail subindustry, Investore Property's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Investore Property's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Investore Property's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.46% mean?
Investore Property (NZSE:IPL) has a Return-on-Tangible-Asset of 3.46% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Investore Property and its competitors. This is near median its historical median of 3.78. According to the industry distribution chart, Investore Property ranks #510 out of 933 companies in the REITs industry, placing it in the top 54.7%.
Is Investore Property's Return-on-Tangible-Asset too high?
Investore Property's current Return-on-Tangible-Asset of 3.46% is near median its 10-year median of 3.78. The REITs industry median Return-on-Tangible-Asset is 3.27. Investore Property's value of 3.46% is 5.8% above this industry median. Based on the distribution chart, Investore Property ranks #510 out of 933 companies in the REITs industry, which is below the industry midpoint. Overall, Investore Property has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Investore Property's Return-on-Tangible-Asset compare to SPG and O?
According to the REITs industry distribution chart, Investore Property ranks #510 out of 933 companies for Return-on-Tangible-Asset. This places Investore Property in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.27. Investore Property's value of 3.46% is 5.8% above this benchmark. While the company's 10-year median is 3.78 vs. the industry median of 3.27, Investore Property has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Investore Property's current Return-on-Tangible-Asset of 3.46% is 5.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Investore Property and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Investore Property's current Return-on-Tangible-Asset is 3.46%, which is near median its own 10-year median of 3.78. 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$1.12, compared to a current price of NZ$1.07 — trading 4.9% below its estimated fair value. The current Return-on-Tangible-Asset is 3.46%, which is near median its 10-year median of 3.78 and 5.8% above the REITs industry median of 3.27. Investore Property's overall GF Score™ is 65/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Investore Property (NZSE:IPL), the current Return-on-Tangible-Asset is 3.46% 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$1.07 is trading 4.9% below its estimated GF Value™ of NZ$1.12.
GuruFocus considers Investore Property to be Fairly Valued.
Key valuation signals for NZSE:IPL:
Return-on-Tangible-Asset: 3.46% (near median its 10-year median of 3.78)
GF Value™: NZ$1.12 vs. price of NZ$1.07 (4.9% below fair value)
Industry Position: 5.8% above the REITs median (#510 of 933)
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 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.
65GF Score
Get the complete analysis for NZSE:IPL
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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