CDL Investments New Zealand Limited
CDL Investments New Zealand Limited Analysis
Overview
CDL Investments New Zealand Limited is an Auckland-headquartered land development company which undertakes development of land into residential subdivisions.
It currently has active development sites in Auckland, Hamilton, Hawkes Bay and Canterbury.
Over the past thirty years, it has made significant land purchases and successfully completed numerous subdivision projects in Auckland, Hamilton, Tauranga, Havelock North, Nelson, Christchurch, Rolleston (Canterbury) and Queenstown.
It is majority owned by NZX-Listed Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK) and is part of the Hong Leong group of companies which is headquartered in Singapore.
Performance
The following information was extracted from CDL Investments NZ Limited's half year results, released 10 August 2026:
Financial performance
For the six-month period ended 30 June 2026, CDL Investments New Zealand Limited (NZX: CDI) recorded an unaudited profit for the period of $3.39 million (2025: $3.57 million). CDI reported profit before income tax of $4.71 million (2025: $5.05 million) and recorded property sales, rental and other income for the period of $12.55 million (2025: $13.81 million). The Company’s net asset backing at cost was 110 cents per share (2025: 107 cents per share).
The result reflects the challenging residential property market conditions signalled at the Annual Shareholder Meeting in May 2026, when the Board noted that 2026 earnings were expected to be considerably lower than 2025. With the first half result is tracking broadly in line with that expectation. While lower interest rates have provided some support, purchaser confidence remains cautious. Cost-of-living pressures, employment uncertainty, interest rate volatility, elevated building costs and broader economic and geopolitical conditions continue to influence purchaser decisions and development costs.
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About Company
Board & Leadership
| Desleigh Jameson | Independent Chair |
|---|---|
| Jason Adams | Chief Executive Officer |
| Vincent Wee Eng Yeo | Director |
| Janie Elrick | Independent Non-Executive Director |
| Julian Smith | Independent Non-Executive Director |
| Eik Sheng Kwek | Non-Executive Director |
| Abigail Wong | Company Secretary |
Company Summary
| First Listed | 1st Jan 1986 |
|---|---|
| Primary Listing Venue | NZ |
| Solicitor | Bell Gully, Auckland |
| Auditor | KPMG, Auckland |
| Share Registry | Computershare Investor Services Limited |
| End of Financial Year | December |