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Asset Plus (APL) briefings

Read that company's published results in release order, newest first.

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Showing 1-9 of 9 published briefings.

Asset Plus (APL)•FY26•Released 22 May 2026

FFO swung to $3.2m profit but NTA fell 5.2% as capex drained cash

Operating cash flow turned positive, yet $3.9m of Munroe Lane capex cut cash holdings by $4.0m and left NTA per share at $0.307.

Published 22 May 2026

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Asset Plus (APL)•HY26•Released 19 November 2025

Debt fully repaid and FFO turned positive as NPAT fell 30.4%

Graham Street disposal left Asset Plus with NZ$10.3m cash and zero borrowings, but the smaller portfolio means headline profit is not comparable.

Published 22 April 2026

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Asset Plus (APL)•FY25•Released 27 May 2025

Assets down 38% to $118m as Asset Plus repays all debt and pays 5cps special

Operating cash flow turned negative and the statutory loss widened 7.5% to $5.7m, even as AFFO swung to a $0.5m profit.

Published 22 April 2026

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Asset Plus (APL)•HY25•Released 26 November 2024

HY25 $2.3m profit driven by $2.3m unrealised property revaluation

Reported swing from loss to profit reflects a property revaluation, not cash earnings, ahead of a 35 Graham Street sale that will clear all debt.

Published 22 April 2026

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Asset Plus (APL)•FY24•Released 28 May 2024

Stoddard Road sale cut debt 54%, but FY24 dividend was withheld

Asset-sale-led deleveraging and Munroe Lane rental halved the PBT loss to $5.3m, yet operating cash flow fell 84% and no FY24 dividend was declared.

Published 22 April 2026

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Asset Plus (APL)•HY24•Released 28 November 2023

NTA per share fell 11.3% as Asset Plus reshaped the portfolio

Eastgate and Stoddard Road sales cut borrowings to $35.0m, but the rental base reset to $2.6m with Munroe Lane's lease only now starting.

Published 22 April 2026

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Asset Plus (APL)•FY23•Released 29 May 2023

Stoddard Road sale sharpens Asset Plus' cash-flow test

The NZ$36.8m disclosed value from the Stoddard Road sale adds cash-context, while operating cash, capex and working capital remain the direct evidence.

Published 22 April 2026

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Asset Plus (APL)•HY23•Released 29 November 2022

Borrowings up 71.7% as capex surges to fund development phase

Headline earnings fell on a portfolio-basis change; the read now sits with leverage trajectory and timing of development completion.

Published 22 April 2026

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Asset Plus (APL)•FY22•Released 19 May 2022

Borrowings up 493% to $55.7m to fund Munroe Lane development

Rental revenue fell 14.2% as 35 Graham Street emptied for redevelopment, and the 81.8% NPAT drop reflects a large FY21 base item rather than

Published 22 April 2026

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