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How to buy N/A (N/A) shares

Learn how to easily invest in N/A shares.

Stride Property Group is a stapled group headquartered in Auckland. It comprises Stride Property Limited and Stride Investment Management Limited, and its shares (SPG) are listed on the NZX Main Board. If you’d like to buy SPG shares but don’t know how, keep reading for detailed instructions.

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How to buy shares in Stride Property Ltd & Stride Investment Management on the New Zealand Exchange

  1. Compare share trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table. Most importantly, you need to find a share trading platform that allows you to trade on the NZX.
  2. Open and fund your share trading account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Stride Property Ltd & Stride Investment Management. Find the stock by name or ticker symbol: SPG. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Stride Property Ltd & Stride Investment Management reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs. You may be able to buy a fractional share of Stride Property Ltd & Stride Investment Management, depending on your share trading account.
  6. Check in on your investment. Congratulations, you own a part of Stride Property Ltd & Stride Investment Management. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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Stride Property Ltd & Stride Investment Management overview and background

There are two entities that make up Stride Property Group. The first is a listed Portfolio Investment Entity (PIE) known as Stride Property Limited (Stride), which invests in property in New Zealand’s office, retail and industrial sectors.

The second is real estate investment manager Stride Investment Management Limited (SIML). SIML not only manages Stride’s property portfolio, but also the portfolios of Diversified NZ Property Trust and Investore Property Limited.

Stride Property Group was formed in 2016 and is based in Auckland. Its strategy is to invest in properties that have “enduring demand” in order to provide returns for shareholders.

Performance and company results

Stride Property Group released its FY21 annual report in May 2021. Key results in the report included:

  • $132 million profit after income tax from continuing operations
  • $49.9 million net rental income
  • $46.3 million distributable profit (after current income tax)
  • 11.58 cents per share distributable profit

Key details

NameStride Property Ltd & Stride Investment Management LtdIndustryREIT-Diversified
Ticker symbolSPGISINNZSPGE0001S2
TypeOrdinary SharesDate listed on NZX12 Jul 2016
End of financial yearMarchChief executive officerPhilip Littlewood
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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