Stride Property Limited (SPG)

NZX-listed Real Estate company — share price, dividends, financials, board of directors and governance score.

Stride Property Limited (NZX:SPG) last traded at $1.07 on 21 Oct 2026, a market capitalisation of $600M NZD, a board of 6 directors chaired by David John Green and a Governance Risk Score of 90/100.

Stride Property Limited is a real estate investment company that owns and operates a diversified portfolio of commercial property across New Zealand, including large-format retail, office, and industrial assets. The company generates revenue primarily from rental income on its directly-held property investments rather than from managing third-party funds. Stride's portfolio includes properties anchored by major retailers and serves as a property investor on its own balance sheet.

Share price
$1.07+0.94%
Market cap
$600MNZD
P/E ratio
28.9
Return on equity
2.3%
Governance score
90/100Excellent
Board size
683% independent
Last dividend
2.00cFY2027

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Held by NZ managed funds

Sub-substantial fund positions — invisible in NZX SSH data, visible here. Sourced from each fund's Quarterly Fund Update on the FMA Disclose register.

Funds holding SPG
2
Distinct managers
2
Heaviest weight
8.73%
Fund% of fund NAV
Mint — Australasian Property8.73%
Harbour — Real Estate Investment5.65%

Full breakdown and coverage

How Stride Property Limited makes money — FY2025

Revenue $117.7m · Net profit $21.7m (18.4% of revenue)

Stride Property Limited (SPG) FY2025: where revenue of $117.7m wentRevenue → EBIT: $68.2mRevenue → Operating costs incl. depreciation (net of other income): $49.6mEBIT → Net profit: $21.7mEBIT → Interest: $18.8mEBIT → Income tax: $10.8mEBIT → Other items (net cost): $16.8mRevenue: $117.7mRevenue$117.7mEBIT: $68.2mEBIT$68.2mOperating costs incl. depreciation (net of other income): $49.6m (derived)Operating costs incl.depreciation (net ofother income)$49.6m · derivedNet profit: $21.7mNet profit$21.7mInterest: $18.8mInterest$18.8mIncome tax: $10.8mIncome tax$10.8mOther items (net cost): $16.8m (balancing item)Other items (net cost)$16.8m · balancing

Band widths are proportional to NZD amounts. Dashed outlines mark derived figures; the hatched node is a balancing item (net profit less every line above it).

Stride Property Limited FY2025 figures used in the chart
FY2025AmountStatusNote
Revenue$117.7mReported
Operating costs incl. depreciation (net of other income)−$49.6mDerived *Reported operating expenses $21.3m do not reconcile; not used.
Depreciation & amortisation—Not reported
EBIT$68.2mReported
Interest (net finance costs)−$18.8mReported
Income tax−$10.8mReported
Other items (net cost)−$16.8mBalancing item *Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised.
Net profit$21.7mReported
  • * operating costs: $49.6m = Revenue − EBIT

Figures extracted automatically from the annual report; check against the report. NZD thousands as stored, shown in millions. Source: annual_report_pdf · method: claude_haiku_pdf · extracted 7 March 2026.

Annual report: Stride Property Limited Annual Report (PDF, NZX)

Every charted year for SPG, with checks

Stride Property Limited board of directors

6 current directors, 83% independent, average tenure 4.6 years.

DirectorRoleIndependentAppointedTenureCommittees
David John GreenChairYes20251.4 yrs—
Philip LittlewoodExecutive DirectorNo20179.8 yrs—
Nick JacobsonIndependent DirectorYes20197.3 yrsAudit and Risk Committee
Hsueh Ling NgIndependent DirectorYes20260.4 yrs—
Ross James Patrick BuckleyIndependent DirectorYes20215.2 yrs—
Tracey JonesIndependent DirectorYes20233.5 yrsAudit and Risk Committee, Remuneration and Nomination Committee

Future directors & observers

Non-voting board observers, such as Institute of Directors Future Directors. They are not counted in the board size, independence or governance figures above.

SPG governance score breakdown

Stride Property Limited scores 90/100 (Excellent) on the NZXplorer Governance Risk Score for FY2026, based on 73% data coverage. See the GRS methodology.

Board structure
24/25
Shareholder rights
20/20
Executive remuneration
4/10

SPG dividends

The most recent Stride Property Limited dividend on record is 2.00 cents per share, for FY2027 (interim), paid 16 Sept 2026.

Stride Property Limited largest shareholders

Top 4 registered holders of SPG as disclosed for FY2025. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.

#HolderHolding
1Accident Compensation Corporation (ACC)12.73%
2ANZ New Zealand Investments Limited and related bodies corporate12.39%
3FirstCape Group Limited5.33%
4Generate Investment Management Limited5.03%

Recent SPG NZX announcements

The 10 most recent filings by Stride Property Limited to the NZX.

Stride Property Limited (SPG) — frequently asked questions

What does Stride Property Limited do?

Stride Property Limited is a real estate investment company that owns and operates a diversified portfolio of commercial property across New Zealand, including large-format retail, office, and industrial assets. The company generates revenue primarily from rental income on its directly-held property investments rather than from managing third-party funds. Stride's portfolio includes properties anchored by major retailers and serves as a property investor on its own balance sheet. Stride Property Limited is listed on the NZX under the ticker SPG, in the Real Estate sector.

What is the Stride Property Limited (SPG) share price?

Stride Property Limited (NZX:SPG) shares closed at $1.07 on 21 October 2026, up 0.94% on the previous close. At that price its market capitalisation was about $600 million, based on 560,420,186 shares on issue.

Who are the directors of Stride Property Limited?

Stride Property Limited has 6 current directors: David John Green (Chair), Philip Littlewood (Executive Director), Nick Jacobson (Independent Director), Hsueh Ling Ng (Independent Director), Ross James Patrick Buckley (Independent Director) and Tracey Jones (Independent Director). 5 of the 6 are recorded as independent (83%). Average board tenure is 4.6 years.

Who is the chair of Stride Property Limited?

David John Green chairs the Stride Property Limited board, and has been a director since 2025.

Who is the CEO of Stride Property Limited?

Philip Littlewood is the Chief Executive Officer of Stride Property Limited.

What was Stride Property Limited's most recent dividend?

The most recent Stride Property Limited dividend on record is 2.00 cents per share for FY2027 (interim), paid 16 September 2026.

Who are the largest shareholders of Stride Property Limited?

The largest registered holder of SPG shares in the FY2025 top-20 register was Accident Compensation Corporation (ACC), with 12.73%, followed by ANZ New Zealand Investments Limited and related bodies corporate (12.39%) and FirstCape Group Limited (5.33%).

What is Stride Property Limited's governance score?

Stride Property Limited has an NZXplorer Governance Risk Score of 90/100 (Excellent) for FY2026, based on 73% data coverage.

When was the last Stride Property Limited annual meeting?

The most recent Stride Property Limited annual meeting on record was held on 8 July 2026.

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