New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Stride Property (SPG) reported a weak 1H25 as expected, with one-offs in the prior period not repeating.</li><li>While underlying rent growth remains solid, vacancy ticked up in SPG's lower-quality office assets.</li><li>The key new news was the restructure of Industre, which is a slight negative in 2H25 but significantly lifts distributions to SPG going forward. </li></ul>

Stride Property (SPG) reported a weak 1H25 as expected, with one-offs in the prior period not repeating.While underlying rent growth remains solid, vacancy ticked up in SPG's lower-quality office assets.The key new news was the restructure of Industre, which is a slight negative in 2H25 but significantly lifts distributions to SPG going forward. 

Stride Property - 1H25 — Striding Through the Trough