Investore PropertyNZSE:IPL -0.48%63 Return-on-Tangible-Equity is 6.22% as of Mar. 2026, which is 8% below its 10-year median of 6.74. GuruFocus rates NZSE:IPL with a GF Score™ of 63/100 and a GF Value™ of NZ$1.12 (Fairly Valued). The stock has 8 warning signs investors should review. Among 935 REITs companies, Investore Property ranks worse than 58.61% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Investore Property's annualized net income for the quarter that ended in Mar. 2026 was NZ$37.84 Mil. Investore Property's average shareholder tangible equity for the quarter that ended in Mar. 2026 was NZ$608.35 Mil. Therefore, Investore Property's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 6.22%.
The historical rank and industry rank for Investore Property's Return-on-Tangible-Equity or its related term are showing as below:
NZSE:IPL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -19.63 Med: 6.74 Max: 24.96
Current: 5.22
During the past 10 years, Investore Property's highest Return-on-Tangible-Equity was 24.96%. The lowest was -19.63%. And the median was 6.74%.
NZSE:IPL's Return-on-Tangible-Equity is ranked worse than 58.61% of 935
companies
in the REITs industry
Industry Median: 6.23
vs NZSE:IPL: 5.22
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Investore Property Return-on-Tangible-Equity Related Terms
Investore Property Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Investore Property's Return-on-Tangible-Equity 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-Equity Comparison
For the REIT - Retail subindustry, Investore Property's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Investore Property's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Investore Property's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 6.22% mean?
Investore Property (NZSE:IPL) has a Return-on-Tangible-Equity of 6.22% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Investore Property and its competitors. This is near median its historical median of 6.74. According to the industry distribution chart, Investore Property ranks #548 out of 935 companies in the REITs industry, placing it in the top 58.6%.
Is Investore Property's Return-on-Tangible-Equity too high?
Investore Property's current Return-on-Tangible-Equity of 6.22% is near median its 10-year median of 6.74. The REITs industry median Return-on-Tangible-Equity is 6.23. Investore Property's value of 6.22% is 0.2% below this industry median. Based on the distribution chart, Investore Property ranks #548 out of 935 companies in the REITs industry, which is below the industry midpoint. 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 Return-on-Tangible-Equity compare to SPG and O?
According to the REITs industry distribution chart, Investore Property ranks #548 out of 935 companies for Return-on-Tangible-Equity. This places Investore Property in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.23. Investore Property's value of 6.22% is 0.2% below this benchmark. While the company's 10-year median is 6.74 vs. the industry median of 6.23, Investore Property has consistently been below 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-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.23, based on 935 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Investore Property's current Return-on-Tangible-Equity of 6.22% is 0.2% below 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Investore Property and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Investore Property's current Return-on-Tangible-Equity is 6.22%, which is near median its own 10-year median of 6.74. 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$1.04 — trading 7.1% below its estimated fair value. The current Return-on-Tangible-Equity is 6.22%, which is near median its 10-year median of 6.74 and 0.2% below the REITs industry median of 6.23. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Investore Property (NZSE:IPL), the current Return-on-Tangible-Equity is 6.22% 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$1.04 is trading 7.1% 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-Equity: 6.22% (near median its 10-year median of 6.74)
GF Value™: NZ$1.12 vs. price of NZ$1.04 (7.1% below fair value)
Industry Position: 0.2% below the REITs median (#548 of 935)
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.
63GF Score
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