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Stride Property Group
(SPG)
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Rating:64Neutral
Price Target:
$1.00
Action:N/A
Date:10/05/26
The score is driven primarily by improving profitability and a manageable balance sheet, tempered by recent weaker free-cash-flow conversion and some top-line softness. Technicals are currently weak with the price below key moving averages and negative MACD, while valuation is supported by a very high dividend yield alongside a moderate P/E.
Positive Factors
Profitability recovery
The return to positive earnings and strong operating margins indicates a meaningful recovery from the 2023–2024 loss-making period. If maintained, this profitability should support recurring distributions, internal reinvestment, and stronger resilience across the next several quarters.
Negative Factors
Revenue softness
Recent top-line contraction indicates that SPG is not currently expanding revenue consistently, which can constrain operating leverage and reduce the resources available for investment. Continued softness would make it harder for improved margins and fee initiatives to translate into durable earnings growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability recovery
The return to positive earnings and strong operating margins indicates a meaningful recovery from the 2023–2024 loss-making period. If maintained, this profitability should support recurring distributions, internal reinvestment, and stronger resilience across the next several quarters.
Read all positive factors
Stride Property Group (SPG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$588.44M
Dividend Yield8.42%
Average Volume (3M)283.50K
Price to Earnings (P/E)19.2
Beta (1Y)0.85
Revenue Growth-5.72%
EPS Growth44.44%
CountryNZ
Employees108
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.06
Shares Outstanding560,420,170
10 Day Avg. Volume277,063
30 Day Avg. Volume283,498
Financial Highlights & Ratios
PEG Ratio0.43
Price to Book (P/B)0.64
Price to Sales (P/S)5.42
P/FCF Ratio22.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.09
Revenue Forecast (FY)$94.09M
Stride Property Group Business Overview & Revenue Model
Company Description
Stride Property Group, also known as Stride Stapled Group, is an Auckland, New Zealand-based real estate investment firm. It focuses on both direct and co-investments in New Zealand's commercial, retail, and industrial property sectors. The compan...
How the Company Makes Money
SPG makes money primarily through (1) rental and lease income earned from tenants in its commercial property portfolio, which typically includes base rent and may also include recoveries for certain operating costs where leases allow; and (2) fees...
Stride Property Group Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
72
Positive
Cash Flow
63
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 111.38M | 118.13M | 121.07M | 118.00M | 113.30M |
| Gross Profit | 81.95M | 89.47M | 94.28M | 94.39M | 90.11M |
| EBITDA | 58.61M | 50.70M | -32.65M | -93.19M | 157.93M |
| Net Income | 31.27M | 21.65M | -56.12M | -116.75M | 112.29M |
Balance Sheet | |||||
| Total Assets | 1.29B | 1.40B | 1.46B | 1.59B | 1.64B |
| Cash, Cash Equivalents and Short-Term Investments | 15.28M | 15.57M | 14.76M | 16.83M | 20.62M |
| Total Debt | 321.45M | 417.74M | 442.51M | 458.08M | 360.17M |
| Total Liabilities | 344.50M | 437.99M | 466.11M | 514.73M | 411.23M |
| Stockholders Equity | 945.68M | 959.67M | 992.43M | 1.08B | 1.23B |
Cash Flow | |||||
| Free Cash Flow | 26.55M | 39.24M | 46.19M | 55.69M | 45.58M |
| Operating Cash Flow | 44.73M | 39.33M | 47.26M | 55.76M | 45.77M |
| Investing Cash Flow | 95.65M | -9.19M | 1.60M | -97.79M | -165.99M |
| Financing Cash Flow | -140.67M | -29.33M | -50.93M | 54.14M | 127.26M |
Stride Property Group Technical Analysis
Negative
―
Price Trends
1.10
Negative
1.11
Negative
1.14
Negative
Market Momentum
>-0.01
Negative
44.98
Neutral
16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NZ:SPG, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 1.06, equal to the 50-day MA of 1.10, and equal to the 200-day MA of 1.14, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.98 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NZ:SPG.
Stride Property Group Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $738.51M | 26.29 | ― | 4.21% | ― | ― | |
66 Neutral | $1.72B | 5.55 | 8.89% | 2.13% | 14.09% | -18.30% | |
64 Neutral | $588.44M | 19.23 | ― | 8.42% | -5.72% | 44.44% | |
62 Neutral | $1.08B | 14.38 | ― | 5.49% | 13.17% | -26.72% | |
59 Neutral | $377.62M | 12.02 | ― | 6.28% | 6.42% | -17.97% | |
57 Neutral | $1.49B | 29.58 | 2.74% | 8.61% | 2.85% | -13.56% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
NZ:SPG
Stride Property Group
1.07
-0.31
-22.55%
NZ:KPG
Kiwi Property Group
0.92
-0.13
-12.36%
NZ:SUM
Summerset Group Holdings Limited
7.00
-4.05
-36.62%
NZ:IPL
Investore Property Ltd.
1.01
-0.20
-16.32%
NZ:PFI
Property For Industry Limited
2.22
-0.21
-8.68%
NZ:NPH
Napier Port Holdings Ltd
3.68
0.57
18.29%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.