Announcement • Jul 08
Stride Property Group Approves Election of Director, Hsueh Ling Ng Stride Property Group at its AGM held on 8 July 2026 approved Election of Director, Hsueh Ling Ng. Recent Insider Transactions • Jun 12
Independent Director & Chair recently bought NZ$60k worth of stock On the 8th of June, David Green bought around 55k shares on-market at roughly NZ$1.09 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. David has been a buyer over the last 12 months, purchasing a net total of NZ$83k worth in shares. New Risk • Jun 04
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 8.0% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.0% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 138% Cash payout ratio: 138% Minor Risk Large one-off items impacting financial results. Declared Dividend • May 30
Fourth quarter dividend of NZ$0.022 announced Shareholders will receive a dividend of NZ$0.022. Ex-date: 5th June 2026 Payment date: 16th June 2026 Dividend yield will be 7.6%, which is higher than the industry average of 5.4%. Reported Earnings • May 29
Full year 2026 earnings released: EPS: NZ$0.056 (vs NZ$0.039 in FY 2025) Full year 2026 results: EPS: NZ$0.056 (up from NZ$0.039 in FY 2025). Revenue: NZ$111.4m (down 20% from FY 2025). Net income: NZ$31.3m (up 44% from FY 2025). Profit margin: 28% (up from 16% in FY 2025). Revenue is expected to fall by 20% p.a. on average during the next 3 years compared to a 3.9% decline forecast for the REITs industry in Oceania. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Apr 28
Stride Property Group, Annual General Meeting, Jul 08, 2026 Stride Property Group, Annual General Meeting, Jul 08, 2026. Declared Dividend • Feb 23
Dividend of NZ$0.022 announced Shareholders will receive a dividend of NZ$0.022. Ex-date: 27th February 2026 Payment date: 10th March 2026 Dividend yield will be 7.3%, which is higher than the industry average of 5.4%. Major Estimate Revision • Dec 03
Consensus EPS estimates increase by 16%, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from NZ$64.7m to NZ$60.4m. EPS estimate rose from NZ$0.111 to NZ$0.128. Net income forecast to grow 67% next year vs 66% growth forecast for REITs industry in New Zealand. Consensus price target broadly unchanged at NZ$1.49. Share price was steady at NZ$1.42 over the past week. Reported Earnings • Nov 29
First half 2026 earnings released: EPS: NZ$0.076 (vs NZ$0.033 in 1H 2025) First half 2026 results: EPS: NZ$0.076 (up from NZ$0.033 in 1H 2025). Revenue: NZ$71.3m (up 14% from 1H 2025). Net income: NZ$42.6m (up 131% from 1H 2025). Profit margin: 60% (up from 30% in 1H 2025). Revenue is expected to fall by 11% p.a. on average during the next 3 years compared to a 1.9% decline forecast for the REITs industry in Oceania. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Declared Dividend • Nov 28
Dividend of NZ$0.022 announced Shareholders will receive a dividend of NZ$0.022. Ex-date: 3rd December 2025 Payment date: 16th December 2025 Dividend yield will be 6.3%, which is higher than the industry average of 5.4%. New Risk • Nov 26
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 8.0% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.0% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 138% Cash payout ratio: 137% Minor Risk Large one-off items impacting financial results. Buy Or Sell Opportunity • Nov 14
Now 22% undervalued Over the last 90 days, the stock has risen 11% to NZ$1.38. The fair value is estimated to be NZ$1.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.2% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 11% per annum. Earnings are forecast to grow by 16% per annum over the same time period. Declared Dividend • Aug 31
Fourth quarter dividend of NZ$0.022 announced Shareholders will receive a dividend of NZ$0.022. Ex-date: 5th September 2025 Payment date: 17th September 2025 Dividend yield will be 7.0%, which is higher than the industry average of 5.4%. Announcement • Jun 30
Stride Property Group, Annual General Meeting, Aug 29, 2025 Stride Property Group, Annual General Meeting, Aug 29, 2025. Buy Or Sell Opportunity • Jun 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.0% to NZ$1.14. The fair value is estimated to be NZ$1.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.2% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 11% per annum. Earnings are forecast to grow by 15% per annum over the same time period. Recent Insider Transactions • Jun 06
Independent Director recently bought NZ$52k worth of stock On the 3rd of June, Ross James Buckley bought around 45k shares on-market at roughly NZ$1.15 per share. This transaction amounted to 69% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought NZ$136k more in shares than they have sold in the last 12 months. Major Estimate Revision • Jun 04
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from NZ$70.3m to NZ$64.4m. EPS estimate also fell from NZ$0.137 per share to NZ$0.11 per share. Net income forecast to grow 182% next year vs 52% growth forecast for REITs industry in New Zealand. Consensus price target down from NZ$1.42 to NZ$1.35. Share price fell 3.4% to NZ$1.12 over the past week. Declared Dividend • May 31
Fourth quarter dividend of NZ$0.022 announced Shareholders will receive a dividend of NZ$0.022. Ex-date: 5th June 2025 Payment date: 17th June 2025 Dividend yield will be 8.0%, which is higher than the industry average of 5.4%. New Risk • May 29
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 114% Cash payout ratio: 114% Dividend yield: 6.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 114% Cash payout ratio: 114% Minor Risk Large one-off items impacting financial results. Declared Dividend • Feb 22
Dividend of NZ$0.018 announced Shareholders will receive a dividend of NZ$0.018. Ex-date: 27th February 2025 Payment date: 11th March 2025 Dividend yield will be 6.7%, which is higher than the industry average of 5.4%. Buy Or Sell Opportunity • Feb 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.8% to NZ$1.28. The fair value is estimated to be NZ$1.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 27% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 4.2% per annum. Earnings are forecast to grow by 21% per annum over the same time period. Buy Or Sell Opportunity • Dec 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.5% to NZ$1.29. The fair value is estimated to be NZ$1.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 27% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 40% in 2 years. Earnings are forecast to grow by 432% in the next 2 years. Reported Earnings • Nov 30
First half 2025 earnings released: EPS: NZ$0.033 (vs NZ$0.093 loss in 1H 2024) First half 2025 results: EPS: NZ$0.033 (up from NZ$0.093 loss in 1H 2024). Revenue: NZ$62.5m (up 42% from 1H 2024). Net income: NZ$18.5m (up NZ$69.0m from 1H 2024). Profit margin: 30% (up from net loss in 1H 2024). Revenue is expected to fall by 16% p.a. on average during the next 3 years compared to a 3.4% decline forecast for the REITs industry in Oceania. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Declared Dividend • Nov 29
Dividend of NZ$0.023 announced Shareholders will receive a dividend of NZ$0.023. Ex-date: 4th December 2024 Payment date: 17th December 2024 Dividend yield will be 6.6%, which is higher than the industry average of 5.4%. New Risk • Nov 28
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Dividend is not well covered by cash flows (102% cash payout ratio). Large one-off items impacting financial results. Declared Dividend • Aug 30
Fourth quarter dividend of NZ$0.022 announced Shareholders will receive a dividend of NZ$0.022. Ex-date: 4th September 2024 Payment date: 12th September 2024 Dividend yield will be 5.9%, which is higher than the industry average of 5.4%. Announcement • Jul 05
Stride Property Group Provides Dividend Guidance for the Year 2025 The board Stride Property Group of intends to pay a combined cash dividend for SPL and SIML during FY25 of 8.0 cents per share, consistent with FY24 and in line with distribution policy, subject to market conditions. Buy Or Sell Opportunity • Jul 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to NZ$1.20. The fair value is estimated to be NZ$1.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 30% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.3% to NZ$1.19. The fair value is estimated to be NZ$1.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 30% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.5% to NZ$1.21. The fair value is estimated to be NZ$1.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 30% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • May 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.1% to NZ$1.24. The fair value is estimated to be NZ$1.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 24% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 29
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: NZ$0.10 loss per share (improved from NZ$0.22 loss in FY 2023). Revenue: NZ$121.1m (up 60% from FY 2023). Net loss: NZ$56.1m (loss narrowed 52% from FY 2023). Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to decline by 17% p.a. on average during the next 3 years, while revenues in the REITs industry in Oceania are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. New Risk • Dec 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Significant insider selling over the past 3 months (NZ$133k sold). Recent Insider Transactions • Dec 17
Chief Financial Officer recently sold NZ$75k worth of stock On the 13th of December, Jennifer Whooley sold around 55k shares on-market at roughly NZ$1.36 per share. This transaction amounted to 9.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jennifer's only on-market trade for the last 12 months. Recent Insider Transactions • Dec 07
Insider recently sold NZ$59k worth of stock On the 4th of December, Roy Stansfield sold around 45k shares on-market at roughly NZ$1.30 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of NZ$106k more than they bought in the last 12 months. Upcoming Dividend • Dec 01
Upcoming dividend of NZ$0.022 per share at 5.7% yield Eligible shareholders must have bought the stock before 05 December 2023. Payment date: 22 December 2023. Trailing yield: 5.7%. Lower than top quartile of New Zealander dividend payers (6.5%). In line with average of industry peers (6.1%). Reported Earnings • Dec 01
First half 2024 earnings released: NZ$0.093 loss per share (vs NZ$0.098 loss in 1H 2023) First half 2024 results: NZ$0.093 loss per share (improved from NZ$0.098 loss in 1H 2023). Revenue: NZ$44.0m (down 10% from 1H 2023). Net loss: NZ$50.5m (loss narrowed 4.9% from 1H 2023). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 1.2% decline forecast for the REITs industry in Oceania. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. New Risk • Nov 29
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buying Opportunity • Jul 05
Now 20% undervalued Over the last 90 days, the stock is up 7.8%. The fair value is estimated to be NZ$1.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Meanwhile, the company became loss making. Announcement • May 30
Stride Property Group, Annual General Meeting, Jun 29, 2023 Stride Property Group, Annual General Meeting, Jun 29, 2023, at 11:00 NZST - New Zealand Standard. Location: The Rangitoto Room, Mövenpick Hotel, 8 Customs Street East, Auckland New Zealand Agenda: To consider and fix the remuneration of PwC as auditor of Stride Property Limited for the upcoming year; to consider the Election of Director; to consider the Re-election of Director; to consider the Directors' Remuneration; and to discuss other matters. Reported Earnings • May 26
Full year 2023 earnings released: NZ$0.22 loss per share (vs NZ$0.23 profit in FY 2022) Full year 2023 results: NZ$0.22 loss per share (down from NZ$0.23 profit in FY 2022). Revenue: NZ$117.9m (down 34% from FY 2022). Net loss: NZ$116.7m (down 204% from profit in FY 2022). Revenue is expected to fall by 23% p.a. on average during the next 2 years compared to a 1.3% decline forecast for the REITs industry in Oceania. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Price Target Changed • Dec 01
Price target decreased to NZ$1.62 Down from NZ$1.79, the current price target is an average from 4 analysts. New target price is 9.1% above last closing price of NZ$1.48. Stock is down 28% over the past year. The company is forecast to post a net loss per share of NZ$0.015 compared to earnings per share of NZ$0.23 last year. Reported Earnings • Nov 25
First half 2023 earnings released First half 2023 results: Net loss: NZ$53.1m (down 186% from profit in 1H 2022). Revenue is forecast to grow 34% p.a. on average during the next 3 years, while revenues in the REITs industry in New Zealand are expected to remain flat. Price Target Changed • Nov 11
Price target decreased to NZ$1.79 Down from NZ$1.96, the current price target is an average from 4 analysts. New target price is 15% above last closing price of NZ$1.56. Stock is down 32% over the past year. The company is forecast to post earnings per share of NZ$0.12 for next year compared to NZ$0.23 last year. Recent Insider Transactions • Jul 21
Insider recently sold NZ$53k worth of stock On the 15th of July, Andrew Hay sold around 30k shares on-market at roughly NZ$1.75 per share. In the last 3 months, there was an even bigger sale from another insider worth NZ$251k. Insiders have been net sellers, collectively disposing of NZ$342k more than they bought in the last 12 months. Recent Insider Transactions • Jul 16
Chief Financial Officer recently sold NZ$251k worth of stock On the 7th of July, Jennifer Whooley sold around 150k shares on-market at roughly NZ$1.67 per share. This was the largest sale by an insider in the last 3 months. This was Jennifer's only on-market trade for the last 12 months. Announcement • Jun 02
Stride Property Group, Annual General Meeting, Jul 06, 2022 Stride Property Group, Annual General Meeting, Jul 06, 2022, at 11:00 NZST - New Zealand Standard. Location: The Boulevard Room, Sofitel Auckland 21 Viaduct Harbour Avenue Auckland New Zealand Agenda: To receive and consider the Annual Report and audited consolidated financial statements of Stride Property Group for the year ended March 2022; To consider Auditor's Remuneration; and to consider other matters. Reported Earnings • May 29
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: NZ$0.23 (down from NZ$0.33 in FY 2021). Revenue: NZ$113.3m (down 26% from FY 2021). Net income: NZ$112.3m (down 15% from FY 2021). Profit margin: 99% (up from 86% in FY 2021). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Over the next year, revenue is expected to shrink by 42% compared to a 17% decline forecast for the reits industry in New Zealand. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Buying Opportunity • May 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.4%. The fair value is estimated to be NZ$2.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 9.8%. Revenue is forecast to decline by 62% in 2 years. Earnings is forecast to decline by 36% in the next 2 years. Buying Opportunity • Apr 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.9%. The fair value is estimated to be NZ$2.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 9.8%. Revenue is forecast to decline by 62% in 2 years. Earnings is forecast to decline by 36% in the next 2 years. Buying Opportunity • Jan 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be NZ$2.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% per annum over the last 3 years. Earnings per share has grown by 9.8% per annum over the last 3 years. Major Estimate Revision • Dec 02
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from NZ$63.6m to NZ$58.9m. EPS estimate rose from NZ$0.15 to NZ$0.18. Net income forecast to shrink 34% next year vs 34% decline forecast for REITs industry in New Zealand. Consensus price target down from NZ$2.43 to NZ$2.34. Share price fell 7.2% to NZ$2.05 over the past week. Reported Earnings • Nov 27
First half 2022 earnings: EPS and revenues exceed analyst expectations First half 2022 results: EPS: NZ$0.13 (down from NZ$0.14 in 1H 2021). Revenue: NZ$91.7m (up 45% from 1H 2021). Net income: NZ$61.5m (up 19% from 1H 2021). Profit margin: 67% (down from 82% in 1H 2021). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 114%. Earnings per share (EPS) surpassed analyst estimates by 114%. Over the next year, revenue is expected to shrink by 65% compared to a 20% decline forecast for the industry in New Zealand. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 08
New 90-day low: NZ$2.17 The company is down 2.0% from its price of NZ$2.22 on 08 December 2020. The New Zealander market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NZ$0.91 per share. Is New 90 Day High Low • Jan 11
New 90-day high: NZ$2.39 The company is up 9.0% from its price of NZ$2.20 on 13 October 2020. The New Zealander market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NZ$0.97 per share. Is New 90 Day High Low • Dec 22
New 90-day high: NZ$2.36 The company is up 16% from its price of NZ$2.04 on 23 September 2020. The New Zealander market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NZ$2.33 per share. Upcoming Dividend • Dec 07
Upcoming Dividend of NZ$0.027 Per Share Will be paid on the 22nd of December to those who are registered shareholders by the 14th of December. The trailing yield of 4.4% is below the top quartile of New Zealander dividend payers (4.4%), but it is higher than industry peers (3.2%). Recent Insider Transactions • Dec 03
Independent Director recently bought NZ$116k worth of stock On the 1st of December, Nick Jacobson bought around 52k shares on-market at roughly NZ$2.25 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought NZ$139k more in shares than they have sold in the last 12 months. Major Estimate Revision • Dec 02
Analysts increase revenue estimates to NZ$44.0m The 2021 consensus revenue estimate increased from NZ$34.5m. Earning per share (EPS) estimate also increased from NZ$0.07 to NZ$0.14 for the same period. Net income is expected to grow by 26% next year compared to 4.9% growth forecast for the REITs industry in New Zealand. The consensus price target increased from NZ$2.21 to NZ$2.39. Share price is down by 2.6% to NZ$2.24 over the past week. Reported Earnings • Nov 28
First half 2021 earnings released: EPS NZ$0.14 The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: NZ$63.2m (up 44% from 1H 2020). Net income: NZ$51.6m (up 91% from 1H 2020). Profit margin: 82% (up from 62% in 1H 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Price Target Changed • Nov 26
Price target raised to NZ$2.39 Up from NZ$2.21, the current price target is an average from 5 analysts. The new target price is 5.1% above the current share price of NZ$2.27. As of last close, the stock is up 2.7% over the past year. Is New 90 Day High Low • Nov 10
New 90-day high: NZ$2.33 The company is up 27% from its price of NZ$1.84 on 12 August 2020. The New Zealander market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NZ$2.09 per share. Is New 90 Day High Low • Oct 14
New 90-day high: NZ$2.25 The company is up 17% from its price of NZ$1.93 on 16 July 2020. The New Zealander market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NZ$2.09 per share. Is New 90 Day High Low • Sep 28
New 90-day high: NZ$2.10 The company is up 19% from its price of NZ$1.77 on 30 June 2020. The New Zealander market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NZ$2.09 per share. 
