We Think Shareholders Are Less Likely To Approve A Pay Rise For Stride Property Group's (NZSE:SPG) CEO For Now

Simply Wall St.
Aug 23
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Key Insights

  • Stride Property Group will host its Annual General Meeting on 29th of August
  • CEO Philip Littlewood's total compensation includes salary of NZ$615.0k
  • The overall pay is comparable to the industry average
  • Over the past three years, Stride Property Group's EPS fell by 45% and over the past three years, the total loss to shareholders 15%

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In the past three years, the share price of Stride Property Group (NZSE:SPG) has struggled to generate growth for its shareholders. Per share earnings growth is also poor, despite revenues growing. Shareholders will have a chance to take their concerns to the board at the next AGM on 29th of August and vote on resolutions including executive compensation, which studies show may have an impact on company performance. We think shareholders may be cautious of approving a pay rise for the CEO at the moment, based on our analysis below.

See our latest analysis for Stride Property Group

How Does Total Compensation For Philip Littlewood Compare With Other Companies In The Industry?

Our data indicates that Stride Property Group has a market capitalization of NZ$705m, and total annual CEO compensation was reported as NZ$1.2m for the year to March 2025. We note that's a decrease of 21% compared to last year. Notably, the salary which is NZ$615.0k, represents a considerable chunk of the total compensation being paid.

On examining similar-sized companies in the New Zealand REITs industry with market capitalizations between NZ$345m and NZ$1.4b, we discovered that the median CEO total compensation of that group was NZ$1.4m. From this we gather that Philip Littlewood is paid around the median for CEOs in the industry. Furthermore, Philip Littlewood directly owns NZ$973k worth of shares in the company.

Component20252024Proportion (2025)
SalaryNZ$615kNZ$615k51%
OtherNZ$587kNZ$915k49%
Total CompensationNZ$1.2m NZ$1.5m100%

Talking in terms of the industry, salary represented approximately 41% of total compensation out of all the companies we analyzed, while other remuneration made up 59% of the pie. It's interesting to note that Stride Property Group pays out a greater portion of remuneration through salary, compared to the industry. If salary is the major component in total compensation, it suggests that the CEO receives a higher fixed proportion of the total compensation, regardless of performance.

NZSE:SPG CEO Compensation August 22nd 2025

Stride Property Group's Growth

Over the last three years, Stride Property Group has shrunk its earnings per share by 45% per year. It achieved revenue growth of 42% over the last year.

Investors would be a bit wary of companies that have lower EPS On the other hand, the strong revenue growth suggests the business is growing. These two metrics are moving in different directions, so while it's hard to be confident judging performance, we think the stock is worth watching. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings..

Has Stride Property Group Been A Good Investment?

Since shareholders would have lost about 15% over three years, some Stride Property Group investors would surely be feeling negative emotions. Therefore, it might be upsetting for shareholders if the CEO were paid generously.

In Summary...

The loss to shareholders over the past three years is certainly concerning and possibly has something to do with the fact that the company's earnings haven't grown. Shareholders will get the chance at the upcoming AGM to question the board on key matters, such as CEO remuneration or any other issues they might have and revisit their investment thesis with regards to the company.

CEO compensation is an important area to keep your eyes on, but we've also need to pay attention to other attributes of the company. We identified 2 warning signs for Stride Property Group (1 is significant!) that you should be aware of before investing here.

Arguably, business quality is much more important than CEO compensation levels. So check out this free list of interesting companies that have HIGH return on equity and low debt.

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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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