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Stride Property Ltd SPG

Morningstar Rating
NZD 1.25 −0.01 (0.79%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

SPG is trading at a 26% discount.
Price
NZD 1.27
Fair Value
NZD 8.77
Uncertainty
Very High
1-Star Price
NZD 7.50
5-Star Price
NZD 8.39
Economic Moat
Jzgp
Capital Allocation
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Trading Information

Previous Close Price
NZD 1.26
Day Range
NZD 1.251.26
52-Week Range
NZD 1.241.53
Bid/Ask
NZD 1.25 / NZD 1.26
Market Cap
NZD 687.82 Mil
Volume/Avg
3,372 / 321,119

Key Statistics

Price/Earnings (Normalized)
Price/Sales
5.83
Dividend Yield (Trailing)
6.22%
Dividend Yield (Forward)
6.35%
Total Yield
6.22%

Company Profile

Stride Property Ltd is a real estate company that owns and manages investment properties in New Zealand. Most of the properties are located in Auckland, followed by Wellington, Northern Regional, and South Island. Stride's portfolio consists of commercial office, retail, and industrial property, as well as land. Retail properties deliver the majority of contract rental revenue, followed by office and industrial properties. The company's major tenants include general distributors, large retailers, banks, the New Zealand government, and industrial companies.
Sector
Real Estate
Industry
REIT - Diversified
Stock Style Box
Small Value
Total Number of Employees
42

Comparables

Valuation

Metric
SPG
PFI
GDF
Price/Earnings (Normalized)
97.3531.53
Price/Book Value
0.680.830.74
Price/Sales
5.839.788.07
Price/Cash Flow
15.6024.0136.30
Price/Earnings
SPG
PFI
GDF

Financial Strength

Metric
SPG
PFI
GDF
Quick Ratio
1.540.054.89
Current Ratio
1.930.0918.03
Interest Coverage
−4.64−2.39−6.34
Quick Ratio
SPG
PFI
GDF

Profitability

Metric
SPG
PFI
GDF
Return on Assets (Normalized)
−7.07%−4.64%1.17%
Return on Equity (Normalized)
−10.36%−6.81%1.90%
Return on Invested Capital (Normalized)
−6.45%−3.36%0.54%
Return on Assets
SPG
PFI
GDF
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REIT - Diversified Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
VICI
VICI Properties Inc Ordinary SharesZrctj$29.7 Bil
WPC
W.P. Carey IncHcmkm$12.0 Bil
STKAF
Stockland Corp LtdScz$6.8 Bil
LSGOF
Land Securities Group PLCBjk$6.1 Bil
LDSCY
Land Securities Group PLC ADRBqrn$5.9 Bil
FBASF
Fibra Uno Administracion SA de CV Certificados Bursatiles Fiduciarios InmobKhm$5.7 Bil
MRVGF
Mirvac GroupJqqrc$5.4 Bil
GPTGF
GPT GroupDdjj$5.2 Bil
GSEFF
Covivio SAShqt$5.0 Bil
ESRT
Empire State Realty Trust Inc Class ARnkkfdpvYhrz$1.5 Bil

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