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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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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.
Stride Property Group released its FY21 annual report in May 2021. Key results in the report included:
|Name||Stride Property Ltd & Stride Investment Management Ltd||Industry||REIT-Diversified|
|Type||Ordinary Shares||Date listed on NZX||12 Jul 2016|
|End of financial year||March||Chief executive officer||Philip Littlewood|
Fractional shares are fractions of company shares. Sometimes they’re made by brokers to allow those with limited funds to get access to stocks.
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