Predicted to enable lipid phosphatase activity and phosphatidate phosphatase activity. Predicted to be involved in several processes, including phospholipid dephosphorylation; phospholipid metabolic process; and positive regulation of cell projection organization. Predicted to be located in plasma membrane. Predicted to be integral component of plasma membrane. Orthologous to human PLPPR5 (phospholipid phosphatase related 5). [provided by Alliance of Genome Resources, Apr 2022]