Kiwi Property Group Limited Ordinary Shares
KPG.NZXReal Estate
Kiwi Property (NZX: KPG) is the largest listed property company on the New Zealand Stock Exchange and is a member of the NZX15 Index. Kiwi Property was formed more than 20 years ago and now proudly owns and manages a $3.0 billion portfolio of real estate, comprising some of New Zealand's best shopping centres and prime office buildings. The company's objective is to provide investors with a reliable investment in New Zealand property by targeting superior risk-adjusted returns over time through the ownership and active management of a diversified, high-quality portfolio. Kiwi Property is licensed under the Real Estate Agents Act 2008. History Kiwi Property was founded in 1992 and listed on the NZX in December 1993 as Kiwi Income Property Trust In December 2013, Kiwi Income Property Trust internalised its management and, in December 2014, moved from a trust to a company structure, changing its name to Kiwi Property and its NZX Code from KIP to KPG. To find out more, visit kp.co.nz
Market Data
$0.975
-0.0%$1.6B
31.8x
$0.031
7.08%
-0.0%
Recent Announcements
Changes to the Executive Team
Kiwi Property announces that Linda Trainer has resigned as General Manager Asset Management effective August 14, 2026, to relocate to the South Island after 8 years with the company. Helen Ronald, currently National Retail Assets Manager, will assume the role from August 17, 2026.
Results of Kiwi Property Annual Meeting 2026
Kiwi Property Group held its 2026 annual shareholder meeting on 23 June 2026, where shareholders voted to re-elect directors Simon Shakesheff (99.5% in favor), Peter Alexander (99.7% in favor), and Carlie Eve (93.9% in favor), and to authorize directors to fix auditor remuneration (99.9% in favor).
Kiwi Property 2026 Annual Meeting presentation and address
Kiwi Property held its 2026 Annual Meeting on 23 June 2026, presenting FY26 results including 4.5% rent growth, 99.0% portfolio occupancy, and AFFO of $100.2 million (+8.0%). The company recycled non-strategic assets (Plaza sale for $118.9m, ASB North Wharf for $205m) to reposition its portfolio toward retail-led mixed-use destinations in Auckland and Hamilton, while progressing major developments at Drury, Sylvia Park, and Vero Centre, with FY27 dividend guidance of 5.75 cents per share.
SPH Notice - BlackRock, Inc. and related bodies corporate
BlackRock, Inc. and related bodies corporate disclosed a change in substantial holding (5.035%).
Settlement of sale of ASB North Wharf
Kiwi Property has completed the settlement of its sale of ASB North Wharf on 29 May 2026, as part of its capital recycling programme, reducing pro forma gearing to 33.3% as at 31 March 2026.
Ongoing Disclosure Notices
Four senior managers at Kiwi Property Group Limited (Clive Mackenzie - CEO, Aubrey Cheng - GM Income & Leasing, Linda Trainer - GM Asset Management, and Jo Harris - GM People) disclosed share transactions on 25-26 May 2026, involving the vesting and sale of performance share rights (PSRs), restricted share rights (RSRs), and ordinary shares to satisfy tax obligations, with combined proceeds totaling approximately NZ$548,614.
Capital Change Notices - Share Rights
Kiwi Property Group Limited issued 1,754,818 ordinary shares (0.11% of total class) on 25 May 2026 through the exercise of vested Performance Share Rights and Restricted Share Rights under its Share Rights Plan, with no cash consideration payable. Additionally, 1,648,258 Performance Share Rights and 106,560 Restricted Share Rights were redeemed/forfeited upon completion of their three-year vesting periods ending 31 March 2026.
Kiwi Property Notice of Meeting
Kiwi Property Group Limited is holding its annual shareholder meeting on June 23, 2026, to vote on the re-election of three directors (Simon Shakesheff, Peter Alexander, and Carlie Eve) and to authorize the Board to fix auditor remuneration for Deloitte Limited. The meeting will be held in hybrid format (in-person in Auckland or online) and the Board unanimously recommends voting in favor of all resolutions.
Disciplined FY26 execution strengthens balance sheet
Kiwi Property released its FY26 annual report highlighting disciplined execution that strengthened the balance sheet through capital recycling, with net rental income of $202.4m (+4.3%), portfolio occupancy improving to 99.0%, and strategic progress on Drury large-format retail site sales (77% under contract for $115m). The company refreshed its strategy around four pillars (Assets, Capital, Customer, Capability) and guided FY27 dividend of 5.75 cents per share (+2.7%).
Sale of ASB North Wharf unconditional
Kiwi Property has received Overseas Investment Office consent for its $205 million sale of ASB North Wharf in Auckland to Precinct Pacific Investment Limited Partnership, making the agreement unconditional with settlement scheduled for 29 May 2026.
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