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Asset PlusNZSE:APL 38 5-Year Yield-on-Cost % is 4.71 as of Jul. 21, 2026, which is 22% below its 10-year median of 6.00. GuruFocus rates NZSE:APL with a GF Score™ of 38/100 and a GF Value™ of NZ$0.23 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 875 REITs companies, Asset Plus ranks worse than 78.51% on this metric.
Asset Plus's yield on cost for the quarter that ended in Mar. 2026 was 4.71.
The historical rank and industry rank for Asset Plus's 5-Year Yield-on-Cost % or its related term are showing as below:
NZSE:APL'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 4.12 Med: 6 Max: 12
Current: 4.71
During the past 13 years, Asset Plus's highest Yield on Cost was 12.00. The lowest was 4.12. And the median was 6.00.
NZSE:APL's 5-Year Yield-on-Cost % is ranked worse than 78.51% of 875
companies
in the REITs industry
Industry Median: 7.3
vs NZSE:APL: 4.71
Asset Plus (NZSE:APL) 5-Year Yield-on-Cost % Explanation
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
Asset Plus 5-Year Yield-on-Cost % Related Terms
NZSE:APL vs VICI, WPC, BNL: 5-Year Yield-on-Cost % Comparison
For the REIT - Diversified subindustry, Asset Plus's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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.
Asset Plus 5-Year Yield-on-Cost % vs REITs Industry
For the REITs industry and Real Estate sector, Asset Plus's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Asset Plus's 5-Year Yield-on-Cost % falls into.
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Therefore, Yield-on-Cost of Asset Plus is calculated as
Asset Plus (NZSE:APL) has a 5-Year Yield-on-Cost % of 4.71 as of Jul. 21, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Asset Plus and its competitors. This is 22% below median its historical median of 6.00. Over the past decade, Asset Plus' 5-Year Yield-on-Cost % has ranged from 4.12 to 12.00. According to the industry distribution chart, Asset Plus ranks #687 out of 875 companies in the REITs industry, placing it in the top 78.5%.
Is Asset Plus' 5-Year Yield-on-Cost % too high?
Asset Plus' current 5-Year Yield-on-Cost % of 4.71 is 22% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.12 to a high of 12.00. The REITs industry median 5-Year Yield-on-Cost % is 7.30. Asset Plus' value of 4.71 is 35.5% below this industry median. Based on the distribution chart, Asset Plus ranks #687 out of 875 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Asset Plus has a GF Score™ of 38/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asset Plus' 5-Year Yield-on-Cost % compare to VICI and WPC?
According to the REITs industry distribution chart, Asset Plus ranks #687 out of 875 companies for 5-Year Yield-on-Cost %. This places Asset Plus in the lower half of its industry. The industry median 5-Year Yield-on-Cost % is 7.30. Asset Plus' value of 4.71 is 35.5% below this benchmark. Historically, Asset Plus' own 5-Year Yield-on-Cost % has ranged from 4.12 to 12.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 7.30, Asset Plus 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 5-Year Yield-on-Cost % for a REITs company?
The median 5-Year Yield-on-Cost % among REITs companies is 7.30, based on 875 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asset Plus's current 5-Year Yield-on-Cost % of 4.71 is 35.5% 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 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Asset Plus and its competitors. For the REITs industry, the median 5-Year Yield-on-Cost % is 7.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asset Plus's current 5-Year Yield-on-Cost % is 4.71, which is 22% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asset Plus stock overvalued right now?
Based on GuruFocus' analysis, Asset Plus (NZSE:APL) is currently considered Modestly Undervalued. The stock's GF Value™ is NZ$0.23, compared to a current price of NZ$0.17 — trading 26.1% below its estimated fair value. The current 5-Year Yield-on-Cost % is 4.71, which is 22% below median its 10-year median of 6.00 and 35.5% below the REITs industry median of 7.30. Asset Plus' overall GF Score™ is 38/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For Asset Plus (NZSE:APL), the current 5-Year Yield-on-Cost % is 4.71 as of Jul. 21, 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 Asset Plus (NZSE:APL) Overvalued in 2026?
Based on GuruFocus' analysis, Asset Plus stock appears to be undervalued.
The current stock price of NZ$0.17 is trading 26.1% below its estimated GF Value™ of NZ$0.23.
GuruFocus considers Asset Plus to be Modestly Undervalued.
Key valuation signals for NZSE:APL:
5-Year Yield-on-Cost %: 4.71 (22% below median its 10-year median of 6.00)
GF Value™: NZ$0.23 vs. price of NZ$0.17 (26.1% below fair value)
Industry Position: 35.5% below the REITs median (#687 of 875)
No single metric tells the full story. See the NZSE:APL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asset Plus Ltd is a commercial property investment company. Its principal activities include investing in commercial property in New Zealand. The company's investment portfolio consists of office properties in New Zealand including the Munroe Lane property, and the 35 Graham Street property which is currently held for sale.
38GF Score
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