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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.
| Fund | % of fund NAV |
|---|---|
| Mint — Australasian Property | 16.60% |
| Harbour — Real Estate Investment | 13.75% |
How Kiwi Property makes money — FY2026
Revenue $271.4m · Net profit $50.4m (18.6% of revenue)
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).
| FY2026 | Amount | Status | Note |
|---|---|---|---|
| Revenue | $271.4m | Reported | |
| Operating costs incl. depreciation (net of other income) | −$145.2m | Derived * | Reported operating expenses $91.2m do not reconcile; not used. |
| Depreciation & amortisation | — | Not reported | |
| EBIT | $126.2m | Reported | |
| Interest (net finance costs) | −$54.5m | Reported | |
| Income tax | −$28.0m | Reported | |
| Other items (net gain) | +$6.8m | Balancing item * | Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised. |
| Net profit | $50.4m | Reported |
- * operating costs: $145.2m = 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 12 June 2026.
Annual report: Disciplined FY26 execution strengthens balance sheet (PDF, NZX)
Kiwi Property board of directors
6 current directors, 67% independent, average tenure 4.5 years.
| Director | Role | Independent | Appointed | Tenure | Committees |
|---|---|---|---|---|---|
| Simon Shakesheff | Chair | No | 2019 | 7.0 yrs | Audit, Risk & Sustainability Committee, People & Culture Committee |
| Clive Mackenzie | Executive Director | No | 2018 | 8.3 yrs | — |
| Peter Alexander | Independent Director | Yes | 2023 | 3.5 yrs | People & Culture Committee |
| Kevin Kenrick | Independent Director | Yes | 2024 | 2.5 yrs | People & Culture Committee (Chair) |
| Carlie Eve | Independent Director | Yes | 2023 | 3.5 yrs | Audit, Risk & Sustainability Committee |
| Michele Embling | Independent Director | Yes | 2024 | 2.4 yrs | Audit, Risk & Sustainability Committee (Chair) |
KPG governance score breakdown
Kiwi Property scores 85/100 (Excellent) on the NZXplorer Governance Risk Score for FY2026, based on 73% data coverage. See the GRS methodology.
- Board structure
- 22/25
- Shareholder rights
- 20/20
- Executive remuneration
- 4/10
KPG dividends
The most recent Kiwi Property dividend on record is 1.44 cents per share, for FY2027 (interim), paid 18 Sept 2026.
Kiwi Property largest shareholders
Top 10 registered holders of KPG as disclosed for FY2025. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.
| # | Holder | Holding |
|---|---|---|
| 1 | HSBC Nominees (New Zealand) Limited <040-016842-230> | 13.92% |
| 2 | Accident Compensation Corporation | 10.23% |
| 3 | BNP Paribas Nominees NZ Limited <BPSS40> | 8.65% |
| 4 | Citibank Nominees (NZ) Ltd | 5.09% |
| 5 | HSBC Nominees (New Zealand) Limited <HKBN45> | 4.87% |
| 6 | JPMorgan Chase Bank | 4.60% |
| 7 | New Zealand Depository Nominee | 4.04% |
| 8 | TEA Custodians Limited | 3.64% |
| 9 | Premier Nominees Limited | 3.10% |
| 10 | FNZ Custodians Limited | 2.62% |
Recent KPG NZX announcements
The 10 most recent filings by Kiwi Property to the NZX.
- Allotment of securities - KPG080Capital Change
- Kiwi Property FY27 interim results announcement dateHalf Year Results
- SPH Notice - Accident Compensation Corporation (ACC)Substantial Holder Notice
- Kiwi Property confirms Green Bond offer interest rateDebt Issuance
- Quotation Notice - Kiwi Prop Group Ltd Bonds (“KPG080”)Listing Change
- Kiwi Property Green Bond offer closedDebt Issuance
- Cleansing notice - fixed-rate senior secured Green BondsDebt Issuance
- Kiwi Property launches Green Bond offerDebt Issuance
- Portfolio valuation updateProperty
- Kiwi Property considers Green Bond offerDebt Issuance
Kiwi Property (KPG) — frequently asked questions
What does Kiwi Property do?
Kiwi Property Group is a major listed property company operating across New Zealand and Australia, owning and managing a diversified portfolio of retail, office, and mixed-use properties. The company generates revenue through property leasing, with key assets including Sylvia Park shopping centre in Auckland and various office and retail properties across both countries. Kiwi Property operates as a real estate investment and management business with exposure to both domestic and trans-Tasman markets. Kiwi Property is listed on the NZX under the ticker KPG, in the Real Estate sector.
What is the Kiwi Property (KPG) share price?
Kiwi Property (NZX:KPG) shares closed at $0.94 on 11 November 2026, down 1.06% on the previous close. At that price its market capitalisation was about $1.54 billion, based on 1,650,605,065 shares on issue.
Who are the directors of Kiwi Property?
Kiwi Property has 6 current directors: Simon Shakesheff (Chair), Clive Mackenzie (Executive Director), Peter Alexander (Independent Director), Kevin Kenrick (Independent Director), Carlie Eve (Independent Director) and Michele Embling (Independent Director). 4 of the 6 are recorded as independent (67%). Average board tenure is 4.5 years.
Who is the chair of Kiwi Property?
Simon Shakesheff chairs the Kiwi Property board, and has been a director since 2019.
Who is the CEO of Kiwi Property?
Clive Mackenzie is the Chief Executive Officer of Kiwi Property.
What was Kiwi Property's most recent dividend?
The most recent Kiwi Property dividend on record is 1.44 cents per share for FY2027 (interim), paid 18 September 2026.
What is Kiwi Property's dividend yield?
Kiwi Property's trailing 12-month dividend yield is 6.03%, as at 11 November 2026. That is 5.64 cents per share of ordinary dividends with an ex-date in the 12 months to 12 November 2026, divided by the 11 November 2026 closing price of $0.94. Special dividends are excluded.
Who are the largest shareholders of Kiwi Property?
The largest registered holder of KPG shares in the FY2025 top-20 register was HSBC Nominees (New Zealand) Limited <040-016842-230>, with 13.92%, followed by Accident Compensation Corporation (10.23%) and BNP Paribas Nominees NZ Limited <BPSS40> (8.65%). Custodians and nominees on the register hold shares on behalf of other investors.
What is Kiwi Property's governance score?
Kiwi Property has an NZXplorer Governance Risk Score of 85/100 (Excellent) for FY2026, based on 73% data coverage.
When was the last Kiwi Property annual meeting?
The most recent Kiwi Property annual meeting on record was held on 23 June 2026.
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