New Zealand Rural Land gains on plans to undertake capital review

New Zealand Rural Land

05/08/2025 02:55

** Shares of New Zealand Rural Land Company NZL.NZ rise 3.2% to NZ$0.96, set for their strongest trading session since May 12, if gains sustain

** The real estate investor to undertake capital review of its strategic options

** Says co has made strong progress in growing asset and earnings quality as well as size, which has not been reflected in share price

** Adds proposals to conduct review for completion within current financial year have been sought

** More than 74,500 shares change hands vs 30-day avg volume of around 66,600 shares

** Stock up 4.4% YTD, including the day's moves

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))