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 Full year results, released 24 February 2026:

Financial Performance:

For the year ended 31 December 2025, CDI recorded a profit after tax of $11.1 million (2024: $15.4 million). Property sales and other income totalled $38.1 million (2024: $49.1 million), reflecting the subdued residential sales environment experienced throughout the year.

Shareholders’ funds remained strong at $321.2 million (2024: $319.7 million), with total assets of $331.6 million (2024: $328.6 million). Net tangible assets per share at book value were 109.7 cents (2024: 109.5 cents), underlining the strength of the Company’s asset base.

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