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SPG - Stride Property profile

This is a basic profile of an NZX50 listed company. It is not investment advice. We recommend you contact a qualified adviser if you need more information.

Stride Property Group 

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NZX code: SPG
Short name: Stride Property 
Legal name: Stride Property Limited
Industry sector: Property
NZX50 rank: 30 of 50
Head office address: Level 12, 34 Shortland Street, Auckland, 1010
Chairman: Tim Storey
Chief executive: Philip Littlewood
Financial year ended: March
Locations: New Zealand
Auditor: Pwc
Bankers: ANZ, BNZ, CBA, Westpac

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Stride Property Group

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Financial statement history
 

A. Recent trading and performance summary:

  Total
revenue
NPAT Earnings
per share
fye March mln mln cents
2018 $79.0 $95.3 26.1
2019 $76.7 $76.2 20.9
2020 $66.5 $25.3 6.9
2021 $66.4 $131.9 33.0
2022 $89.0 $112.3 22.7
2023 $94.6 $116.7 21.6

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B. Recent financial position summary:

  Total
assets
Total
Liabilities
Equity
ratio
fye March bln bln %
2018 $1.012 $0.345 65.9
2019 $1.076 $0.372 65.4
2020 $1.150 $0.452 60.7
2021 $1.384 $0.366 73.6
2022 $1.642 $0.411 75.0
2023 $1.590 $0.514 67.7

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C. Recent cash flows and positions:

  Cash
inflows
Cash
outflows
Cash and equiv. 
at year end
fye March mln mln mln
2018 $79.8 $75.8 $10.0
2019 $33.2 $37.8 $5.4
2020 $43.8 $37.1 $12.1
2021 $129.6 $118.7 $23.0
2022 $163.6 $166.0 $20.6
2023 $94.0 $97.8 $16.8

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D. Recent key ratio analysis:

  Earnings
per share
Price:Earnings
ratio
NTA/share Dividend
yield
fye March cents annual avg dollars annual avg %
2018 26.1 6.5 1.82 5.83
2019 20.9 9.7 1.92 4.91
2020 6.9 19.9 1.91 7.23
2021 33.0 6.9 2.15 4.35
2022 22.7 8.8 2.25 3.97
2023 (0.2) 0.0 1.98 6.88

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Description of trading activities 

Stride Property Group (SPG)  produces a group of products in specific commercial sectors in order to grow its investment management business. SPG’s main sources of income are Real estate investment management fees, direct property income, and indirect property income.

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CEO profile

Philip Littlewood joined SPG in 2014. In 2017, Littlewood was appointed Chief Executive of the company, and Director. Littlewood has over 20 years’ experience in property investment management in New Zealand, and overseas. Littlewood has spent time with Morgan Stanley’s real estate merchant banking division, and partnership in a large private-equity real estate firm. Prior to joining, Littlewood was the Investment Manager of AMP Capital Investors.


Chairman profile

Tim Storey became the Chair of Stride Property in 2009. Storey has more than 30 years’  business experience and has practiced Law both in Australia and New Zealand. Storey is a director of JustKapital Litigation Partners Limited and a number of private companies that are listed on the ASX.

 

 


Links:

Company website: https://strideproperty.co.nz/
Investor information: https://strideproperty.co.nz/investor-news/
NZX listing: https://www.nzx.com/companies/SPG
Annual reports: https://strideproperty.co.nz/investor-news/documents-reports/

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