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
$1.190
-0.0%$666.9M
21.3x
$0.056
8.15%
-0.0%
Latest Earnings
Results of Annual Shareholder Meetings
8 July 2026
Stride Property Group held its Annual Shareholder Meetings on 8 July 2026, with all resolutions passed by poll. Key outcomes included authorisation of PwC auditor remuneration for both entities, the re-election of Tracey Jones, and the election of new director Hsueh Ling Ng. This announcement contains no financial results or earnings data. Key points: All resolutions passed at both Annual Shareholder Meetings held on 8 July 2026; PwC reappointed as auditor for both Stride Property Limited and Stride Investment Management Limited with ~99.87% and ~99.86% approval respectively; New director Hsueh Ling Ng elected with 99.96% approval, strengthening board composition
Recent Announcements
D&O Ongoing Disclosure
Joshua Wilson, Investore Fund Manager at Stride Property Group, disclosed relevant interests in ordinary shares and share performance rights as of his appointment on 6-Jul-26, including 97,263 ordinary shares held and 152,284 performance rights convertible into ordinary shares across various remuneration schemes.
Results of Annual Shareholder Meetings
Stride Property Group held its Annual Shareholder Meetings on 8 July 2026, with all resolutions passed by poll. Key outcomes included authorisation of PwC auditor remuneration for both entities, the re-election of Tracey Jones, and the election of new director Hsueh Ling Ng. This announcement contains no financial results or earnings data. Key points: All resolutions passed at both Annual Shareholder Meetings held on 8 July 2026; PwC reappointed as auditor for both Stride Property Limited and Stride Investment Management Limited with ~99.87% and ~99.86% approval respectively; New director Hsueh Ling Ng elected with 99.96% approval, strengthening board composition
Annual Shareholder Meetings 2026
Stride Property Group held its Annual Shareholder Meetings on 8 July 2026 for Stride Property Limited and Stride Investment Management Limited. The company reported FY26 profit after tax of $31.3 million, distributable profit of 8.78 cents per share, and a combined cash dividend of 8.0 cents per share, with $3.3 billion in assets under management and a diversified portfolio across office, retail, and industrial properties.
Changes to Executive Team
Stride Investment Management Limited announced executive team changes: Adam Lilley was promoted from General Manager Investment to Chief Investment Officer (retaining responsibility for the Industre fund but stepping down as Investore Fund Manager), and Joshua Wilson was appointed as the new Investore Fund Manager, having been with the company for over eight years.
Retirement of Director Michelle Tierney
Michelle Tierney has retired from the boards of Stride Investment Management Limited and Stride Property Limited, effective after the Annual Shareholders Meeting on 8 July 2026, after serving as a director since July 2014. The boards will remain fully comprised of independent non-executive directors following her departure.
SPH Notice - Westpac Banking Corporation
Westpac Banking Corporation changed substantial holding from 5.02% to 6.04%.
D&O Ongoing Disclosure
David John Green, a Director of Stride Property Group, acquired 55,000 ordinary shares on 8 June 2026 for $60,050, increasing his holding from 120,000 to 175,000 shares.
D&O Ongoing Disclosure
Director Ross James Patrick Buckley acquired 25,000 Stride Property Limited ordinary shares on-market for $27,427.66 on 5-Jun-26, increasing his holding from 110,000 to 135,000 shares. General Manager Jessica Reo Rod sold 13,000 shares on-market for $14,795 on 2-Jun-26, reducing her holding from 64,318 to 51,318 shares.
D&O Ongoing Disclosure
Director David John Green of Stride Property Limited and Stride Investment Management Limited acquired 20,000 ordinary shares on 4 June 2026 for $22,762.50, increasing his holding from 100,000 to 120,000 shares.
Notice of Annual Shareholder Meetings 2026
Stride Property Group (Stride Property Limited and Stride Investment Management Limited) has announced their Annual Shareholder Meetings scheduled for Wednesday, 8 July 2026 at 11:30 am in Auckland, New Zealand. Key items for vote include PwC auditor remuneration authorization for both entities, re-election of director Tracey Jones, and election of new director Hsueh Ling Ng to Stride Investment Management Limited.
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