Stride Prop & Stride Invest Mgmt Ltd Stapled Security (NS)
SPG.NZXReal Estate
Stride Property Group is a stapled group comprising Stride Property Limited ("Stride") and Stride Investment Management Limited ("SIML"). Stride is a listed portfolio investment entity (PIE) that invests in New Zealand office, retail and industrial property. SIML is a real estate investment manager. SIML currently manages Diversified NZ Property Trust and its predecessor fund Diversified NZ Property Fund Limited, Stride and Investore Property Limited ("Investore"). Investore is an NZX listed property company specialising in large format retail assets. Stride Property Group was formed in July 2016 when SIML was demerged from Stride in a distribution of all of the SIML shares to Stride shareholders and the shares of each company were stapled so that they could only be transferred as a parcel of one Stride share and one SIML share. Originally known as DNZ Property Fund Limited (DNZ), Stride Property Limited was established on 30 September 2008 through the amalgamation of DNZ Foundation Property Fund Limited, DNZ Income Property Fund Limited, DNZ Retail Property Fund Limited and DNZ Tauranga Property Fund Limited. Shares in Stride began trading on the NZX Main Board on 16 August 2010 at $0.97. The company entered the S&P/NZX50 on 18 October 2010. On 25 September 2015, DNZ Property Fund Limited was renamed to Stride. Each of Stride Property Limited ("Stride") and Stride Investment Management Limited ("SIML") (together, the "Stride Property Group"), has been granted Listing with a 'Non-Standard' ("NS") designation. The NS designation was assigned to SPG, due to Stride and SIML having constitutions that require Stride to have a board of directors which mirrors the composition of SIML's board of directors (and shareholders of Stride consequently not voting directly on the appointment or removal of Stride directors). For further information, please see a copy of the waiver under Documents on SPG's homepage on nzx.com.
Market Data
$1.165
+0.0%$652.9M
20.8x
$0.056
8.61%
+0.0%
Latest Earnings
FY26 Annual Results
28 May 2026
Stride Property Group reported FY26 full-year results for the 12 months ended 31 March 2026, with profit after income tax of $31.3M (up $9.6M on FY25) and distributable profit of $49.1M, up 2% on the prior year. Net rental income declined to $58.9M (from $69.1M) due to the Industre restructure and Silverdale Centre sale, partially offset by management fee income growth of 12% to $22.9M. FY27 combined cash dividend guidance of 8.0 cps is maintained in line with FY26, with the company focused on asset repositioning, Industre's development pipeline, and product growth. Key points: Profit after income tax of $31.3M, up $9.6M (44%) on FY25 ($21.7M); Distributable profit of $49.1M, up 2% on FY25 ($48.3M), with distributable profit per share of 8.78 cents; Management fee income grew 12% to $22.9M, driven by growth from Industre and Investore management arrangements
Recent Announcements
FY26 Annual Results
Stride Property Group reported FY26 full-year results for the 12 months ended 31 March 2026, with profit after income tax of $31.3M (up $9.6M on FY25) and distributable profit of $49.1M, up 2% on the prior year. Net rental income declined to $58.9M (from $69.1M) due to the Industre restructure and Silverdale Centre sale, partially offset by management fee income growth of 12% to $22.9M. FY27 combined cash dividend guidance of 8.0 cps is maintained in line with FY26, with the company focused on asset repositioning, Industre's development pipeline, and product growth. Key points: Profit after income tax of $31.3M, up $9.6M (44%) on FY25 ($21.7M); Distributable profit of $49.1M, up 2% on FY25 ($48.3M), with distributable profit per share of 8.78 cents; Management fee income grew 12% to $22.9M, driven by growth from Industre and Investore management arrangements
SPH Notice - Forsyth Barr Investment Management Limited
Forsyth Barr Investment Management Limited changed substantial holding from 8.103% to 9.113%.
Annual Meetings and Director Nominations Closing Date
Stride Property Group has announced that Annual Shareholder Meetings for both Stride Property Limited and Stride Investment Management Limited will be held on 8 July 2026, with the nomination closing date for director appointments set at 5:00pm on 15 May 2026.
D&O Ongoing Disclosure
Three senior managers at Stride Property Group disclosed changes in their shareholdings on 16-Apr-26: CEO Philip Littlewood increased ordinary shares from 450,673 to 826,158 and share performance rights from 2,057,918 to 2,570,003; CFO Jennifer Whooley increased ordinary shares from 644,334 to 781,909 and share performance rights from 598,660 to 764,328; and General Manager Roy Stansfield increased ordinary shares from 236,266 to 274,553 and share performance rights from 322,069 to 393,051, all resulting from vesting of incentive scheme rights and issuance of new performance rights with nil consideration.
Issue of Employee Shares and Rights
Stride Property Group (SPG) issued 958,150 shares to executives and employees under employee incentive schemes, and issued 2,961,487 rights to employees as part of long-term incentive plans, short-term incentive compensation, and FY27 fixed remuneration, with the shares representing 0.17% of total securities and rights convertible to 0.53% of shares if all vesting conditions are met.
SPH Notice - ANZ New Zealand Investments Limited
ANZ New Zealand Investments Limited changed substantial holding from 7.004% to 5.444%.
SPH Notice - Westpac Banking Corporation
Westpac Banking Corporation disclosed a change in substantial holding (5.02%).
SPH Notice - FirstCape Group Limited
FirstCape Group Limited changed substantial holding from 4.997% to 5.327%.
Stride Property Group - FY26 Third Quarter Dividends
Stride Property Group announced its FY26 third quarter dividend of 2.00 cents per stapled security (1.5625 cents from SPL + 0.4375 cents from SIML), payable March 10, 2026 to shareholders on record March 2, 2026. The company suspended its Dividend Reinvestment Plan for this quarter and confirmed its full-year FY26 dividend target of 8.00 cents per stapled security.
SPH Notice - ANZ New Zealand Investments Limited
ANZ New Zealand Investments Limited and related ANZ entities reduced their combined holding in Stride Property Group from 8.182% to 7.004%, primarily through on-market sales of approximately 6.5 million shares by ANZ New Zealand Investments Limited between October 2025 and February 2026.
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