Stride Property Group · NZX:SPG
Stride Property — Shareholder Meeting (September 2025)
30 slides from Stride Property's shareholder meeting presentation, Sep 1, 2025
Slide 1: Annual Shareholder Meetings 2025
Stride Property Group Annual Shareholder Meetings 2025 Stride Property Group | Annual Shareholder Meetings 2025
Slide 2: Boards of Directors
Boards of Directors 3% 14% Tim Storey Ross Buckley Michelle Tierney Chair of Boards, Independent 36% Chair of the Audit and Risk 16% Independent Committee, Independent 11% 20% Nick Jacobson Tracey Jones David Green Craig Hopkins Independent Independent Independent Future Director 34 Shortland Street
Slide 3: Management
Management 3% 14% Philip Littlewood Jennifer Whooley 36% Chief Executive Officer Chief Financial Officer and 16% Company Secretary 20% 34 Shortland Street, Auckland Stride Property Group | Annual Shareholder Meetings 2025 3
Slide 4: Agenda
Agenda Chair’s Address Chief Executive Officer’s Address Outlook Resolution for Stride Property Limited Resolutions for Stride Investment Management Limited General Business and Shareholder Questions Stride Property Group | Annual Shareholder Meetings 2025 4
Slide 5: Chair's Address
Chair’s Address Stride Property Group | Annual Shareholder Meetings 2025 5 5
Slide 6: FY25 Financial Overview
110 Carlton Gore Road, Auckland FY25 Financial Overview Stride Property Group Profit after income tax $21.7m up +$77.8m from FY24 Distributable profit after current income tax $48.3m down $(10.8)m from FY24 Net tangible assets (NTA) $1.72 as at 31 Mar 25 down $(0.06) from 31 Mar 24 FY25 combined cas
Slide 7: Capital Management
Capital Management Stride Property Limited as at 31 March 2025 38.7% 29.0% 72.0% 4.5% Bank LVR1 Balance Drawn debt Weighted sheet LVR2 fixed average cost of debt pro forma for refinance post balance date 1. Calculated as bank debt as a percentage of the value of investment property for mortgage secu
Slide 8: Chief Executive Officer's Address
Chief Executive Officer’s Address Stride Property Group | Annual Shareholder Meetings 2025 8 8
Slide 9: Products
Products Stride has AUM of $3.2bn over four Products Portfolio composition by value as at 31 Mar 25 Industre development commitments Property categorised as 'Development and Other' $1,010m $989m $35m $24m $833m $282m $49m Town Centre $95m $965m $407m $23m $694m $689m Office $384m Sector focus: Offic
Slide 10: Diversified Portfolio and Revenue Sources
Diversified Portfolio and Revenue Sources Stride combines a property investment FY25 look-through revenue sources2 business (SPL) with an investment management business (SIML) 3% Activity and 15% performance Recurring fees SPL’s weighted look-through portfolio value1 management as at 31 Mar 25 fees
Slide 11: SIML Management Fee Income
SIML Management Fee Income External management fees by type FY25 external management fee income $20.4m $19.9m $20.4m, up from FY24 Activity and $3.9m $3.7m performance fees • $16.5m recurring fees, up $0.3m from FY24. Recurring fees Stabilised valuations support future recurring fees $16.5m $16.2m •
Slide 12: Portfolio update: Investore and Stride Property
Woolworths, Greenlane • Total portfolio valuation of $1.0bn as at 31 Mar 25 • Divestment of Woolworths Mt Roskill, Auckland, at an 11% premium to book value as at 31 Mar 24, plus two regional supermarket properties for an aggregate sales price of $79.3m. Proceeds received from the divestment of thes
Slide 13: Developments
16A Wickham Street, Hamilton Development • Total portfolio valuation of $784m as at 31 Mar 25 • Acquisition of 7.9 hectares of land in Hamilton, providing future development opportunities • New lettings and renewals completed over 38,000 sqm, generating an increase of +20.3% on prior rentals, on a l
Slide 14: Office and Town Centre portfolio
Office and Town Centre portfolio • Stride’s office and town centre portfolio is valued at $1.0bn as at 31 Mar 25 • Refurbishment commenced at 215 Lambton Quay, including lobby upgrade and new end of trip facilities • Refurbishment works at 34 Shortland Street largely complete targeting a 4 star NABE
Slide 15: Progress against Targets
Progress against Targets Sustainability Target FY25 Progress Reduce scope 1 and 2 greenhouse gas emissions 12.3% reduction from FY20 baseline year by 42% from FY20 baseline year by 2030 Improve energy and water efficiency Energy and water meters installed at Industre’s sites, allowing better monitor
Slide 16: Outlook
Outlook Stride Property Group | Annual Shareholder Meetings 2025 16 16
Slide 17: Outlook
Outlook • Macroeconomic conditions remain challenging however lower interest rates are supportive of increased market activity, creating opportunities for Stride’s Products and real estate investment management business • Continued focus on delivering Industre’s development pipeline and SPL’s remain
Slide 18: Formal Business
Formal Business Stride Property Group | Annual Shareholder Meetings 2025 18 18
Slide 19: Stride Property Limited Resolution
Stride Property Limited Resolution Stride Property Group | Annual Shareholder Meetings 2025 19 19
Slide 20: Resolution 1: Auditor's Remuneration
Resolution 1: Auditor’s Remuneration That the Directors be authorised to fix the remuneration of PwC as auditor of Stride Property Limited for the ensuing year. Stride Property Group | Annual Shareholder Meetings 2025 20
Slide 21: SPL Proxy Votes Received
SPL Proxy Votes Received Resolution 1: Auditor’s Remuneration Proxy Votes Lodged For Against Discretionary 364,312,834 94.06% 0.12% 5.81% Stride Property Group | Annual Shareholder Meetings 2025
Slide 22: Stride Investment Management Limited Resolutions
Stride Investment Management Limited Resolutions Stride Property Group | Annual Shareholder Meetings 2025 22 22
Slide 23: Resolution 1: Auditor's Remuneration
Resolution 1: Auditor’s Remuneration That the Directors be authorised to fix the remuneration of PwC as auditor of Stride Investment Management Limited for the ensuing year. Stride Property Group | Annual Shareholder Meetings 2025 23
Slide 24: Resolution 2: Re-election of Director Tim Storey
Resolution 2: Re-election of Director Tim Storey That Tim Storey be re-elected as a Director of Stride Investment Management Limited. Stride Property Group | Annual Shareholder Meetings 2025
Slide 25: Resolution 3: Election of Director David Green
Resolution 3: Election of Director David Green That David Green be elected as a Director of Stride Investment Management Limited. Stride Property Group | Annual Shareholder Meetings 2025
Slide 26: Resolution 4: Directors' Remuneration
Resolution 4: Directors’ Remuneration Table 1: Proposed Director Fee Increase Current Proposed Proposed Proposed aggregate1 aggregate1 Increase Increase director fees director fees ($) (%) per annum per annum Chair $176,000 $183,000 +$7,000 +4.0% Non-executive Directors (x5) $99,000 $99,000 - - Chai
Slide 27: Resolution 4: Directors' Remuneration
Resolution 4: Directors’ Remuneration That, in accordance with NZX Listing Rule 2.11.1, the amount payable to any person who from time to time holds office as a Director of Stride Investment Management Limited be increased as set out in Table 1 contained in the Explanatory Notes to the Notice of Mee
Slide 28: SIML proxy votes received
SIML proxy votes received Resolution 1: Auditor’s Remuneration Proxy Votes Lodged For Against Discretionary 364,462,819 94.07% 0.13% 5.81% Resolution 2: Re-election of Director Tim Storey Proxy Votes Lodged For Against Discretionary 289,725,398 90.18% 2.35% 7.47% Resolution 3: Election of Director D
Slide 29: General Business and Shareholder Questions
General Business and Shareholder Questions Stride Property Group | Annual Shareholder Meetings 2025 29 29
Slide 30: Thank you
Thank you Important Notice: The information in this presentation is an overview and does not contain all information necessary to make an investment decision. It is intended to constitute a summary of certain information relating to the performance of Stride Property Group for the year ended 31 Marc
Stride Property Group — Shareholder Meeting (September 2025) on 6ix