Investore Property Ltd. · NZX:IPL
Investore Property — Shareholder Meeting (June 2026)
22 slides from Investore Property's shareholder meeting presentation, Jun 30, 2026
Slide 1: Annual Shareholder Meeting
Annual Shareholder Meeting 30 June 2026
Slide 2: Board of Directors
Board of Directors Mike Allen Gráinne Troute Adrian Walker Chair of the Board Chair of the Audit and Risk Committee Independent, Independent, Non-Executive Director Independent, Non-Executive Director Non-Executive Director David Green Ross Buckley Caroline Plowman SIML Nominee and SIML Nominee and
Slide 3: The Manager
The Manager Philip Littlewood Jennifer Whooley Adam Lilley Chief Executive Officer Chief Financial Officer Investore Fund Manager Investore Property Limited | Annual Shareholders Meeting 2026 3
Slide 4: Agenda
Agenda Chair’s Address Manager’s Review Shareholder Questions Formal Business General Business 4 Investore Property Limited | Annual Shareholders Meeting 2026
Slide 5: Chair’s address
Chair’s address Mitre 10 MEGA, Botany Bunnings, Westgate Mitre 10 Mega, Botany Investore Property Limited | Annual Shareholders Meeting 2026 5
Slide 6: Financial overview
Financial overview For the 12 months ended 31 Mar 26 (FY26) $65.5m Net Rental Income $36.6m Profit before other income/(expense) and income tax $31.7m Profit after income tax $30.7m Distributable Profit after current income tax 8.13 cents Distributable Profit per share 6.50 cents FY26 cash dividend
Slide 7: FY26 Portfolio highlights
Bunnings, New Lynn FY26 Portfolio highlights $1.1bn 6.6% 6.3% Portfolio valuation Initial yield Cap rate 99.5% 5.9 years 81% Occupancy WALT Anchor tenants (by area) (by Contract Rental) Investore Property Limited | Annual Shareholders Meeting 2026 7
Slide 8: Proactive capital management
Proactive capital management 4.2% Weighted average cost of debt Debt maturity profile 38.1% $63m LVR (pro forma for Greenlane disposal) $195m 80% $125m $125m $130m Debt hedged or subject to a fixed rate of interest FY27 FY28 FY29 FY30 FY31 $62.5m Subordinated convertible Green loan facilities Retail
Slide 9: Strategic focus
Strategic focus • Increase diversification of tenant portfolio to provide exposure to a variety of tenants and rent review mechanisms to provide more consistent structured rental growth • Continue to pursue strategy of targeted growth by investing in high quality assets with strong rental growth pro
Slide 10: Manager’s review
Manager’s review Silverdale Centre, Auckland Investore Property Limited | Annual Shareholders Meeting 2026 10
Slide 11: Delivery of strategy with transaction activity
Delivery of strategy with transaction activity $225m of gross transactions since the beginning of FY26, focused on enhancing portfolio quality, earnings and growth outlook ✓ $157m of acquisitions representing a 6.6% blended Assets Assets initial yield Transaction metrics divested acquired ✓ $68m of
Slide 12: Partnering with tenants
Woolworths, Highland Park Partnering with tenants With over 30 Woolworths supermarket properties across New Zealand, Investore maintains a strong relationship with Woolworths which fosters collaboration and investment for the long term • Long-standing collaboration with Woolworths across store upgra
Slide 13: Lease Expiry Profile by Contract Rental
Lease Expiry Profile by Contract Rental WALT 5.9 years 5.9 year portfolio WALT 26.1% 20.0% 6.4 year anchor tenant WALT providing certainty of income 12.2% 3.8 year mini major and specialty retail WALT 6.9% 7.1% 7.1% 5.5% 5.6% providing additional 4.1% rental growth levers 2.4% 1.9% 0.4% 0.7% Vacant
Slide 14: Sustainability
Sustainability 71 of 100 GRESB score, +4 points from 2024 Replacement of 68 air conditioning units using R22 refrigerant to refrigerant with a lower global warming alternative. Last two properties scheduled for FY27 21 buildings now rated under Green Star Performance, the largest portfolio of buildi
Slide 15: Looking ahead
Looking ahead • Offshore developments have reintroduced inflation pressures and market uncertainty, weighing on business and consumer confidence • Investore remains well positioned, with a portfolio underpinned by high-quality, non-discretionary retail tenants in key metropolitan locations, providin
Slide 16: Shareholder questions
Shareholder questions Bunnings, Westgate Mt Wellington Shopping Centre Investore Property Limited | Annual Shareholders Meeting 2026 16
Slide 17: Formal business
Formal business The Warehouse, Silverdale Centre, Auckland Mitre 10, Botany Investore Property Limited | Annual Shareholders Meeting 2026 17
Slide 18: Resolution 1: Auditor’s Remuneration
Resolution 1: Auditor’s Remuneration That the Directors be authorised to fix the remuneration of PwC as auditor of Investore Property Limited for the ensuing year Investore Property Limited | Annual Shareholders Meeting 2026 18
Slide 19: Resolution 2: Re-election of Director Adrian Walker
Resolution 2: Re-election of Director Adrian Walker That Adrian Walker be re-elected as a Director of Investore Property Limited Investore Property Limited | Annual Shareholders Meeting 2026 19
Slide 20: Proxy votes received
Proxy votes received Resolution 1: Auditor’s Remuneration Proxy votes lodged For Against Discretionary 169,123,079 94.26% 0.17% 5.57% Resolution 2: Re-election of Director Adrian Walker Proxy votes lodged For Against Discretionary 169,132,770 94.41% 0.08% 5.51% Investore Property Limited | Annual Sh
Slide 21: General business
General business Bay Central Shopping Centre, Tauranga Investore Property Limited | Annual Shareholders Meeting 2026 21
Slide 22: Ngā mihi | Thank you
Ngā mihi | Thank you Level 12, 34 Shortland Street Auckland 1010, New Zealand PO Box 6320, Victoria Street West, Auckland 1142, New Zealand P +64 9 912 2690 W investoreproperty.co.nz Important Notice: The information in this presentation is an overview and does not contain all information necessary