Kiwi Property Group

Kiwi Property Group owns and manages a NZ real estate portfolio valued at more than $3 billion. The company’s core assets are 12 retail and office buildings leased to major department store, supermarket, cinema and banking brands. Kiwi Group also manages over $400 million of property on behalf of third parties.

The company was listed on the NZX as KPG in 2014 when the firm changed from a trust to a corporate. Kiwi Property is one of the larger companies on the NZX with a market capitalisation near $2 billion in 2020. The group has been led by Clive Mackenzie as CEO since 2018.

Company Details

Registered Office: Level 7, Vero Centre, 48 Shortland Street,, Auckland

Postal Address: PO Box 2071, Shortland Street, Auckland 1140

Telephone: +64 9 359 4000

Facsimile: n/a

Website: www.kp.co.nz

First Listed: 03/12/1993

Balance Date: 31 March

AGM: 28/06/2023

Directors and Executives

Chris Aiken

Director

Peter Alexander

Independent Director

Mary-Jane Daly

Independent Director

Carlie Eve

Independent Director

Jane Freeman

Independent Director

Joanna Harris

General Manager

Angela Henderson

General Manager

Clive Mackenzie

Chief Executive Officer

Steve Penney

Chief Financial Officer

Simon Shakesheff

Chair

Announcements

Title	Date	Type
Kiwi Property agrees terms for conditional Vero Centre sale	Thu, May 16 2024 08:45 am	GENERAL
Kiwi Property FY24 annual results announcement date	Wed, May 08 2024 10:22 am	GENERAL
Management update – GM Development	Wed, May 01 2024 09:42 am	GENERAL
Annual meeting date, closing date for director nominations	Tue, Apr 16 2024 12:08 pm	MEETING
Kiwi Property valuations hold firm despite headwinds	Thu, Apr 04 2024 09:56 am	GENERAL
Kiwi Property Resido tour presentation	Tue, Mar 12 2024 03:19 pm	GENERAL
Kiwi Property FY24 third quarter dividend payment	Fri, Mar 08 2024 11:35 am	GENERAL
Vero Centre sale update	Wed, Feb 28 2024 03:46 pm	GENERAL
Kiwi Property leases 12% of Resido to Urban Rest	Wed, Feb 28 2024 10:12 am	GENERAL
Kiwi Property holds steady in late 2023 sales data	Wed, Feb 14 2024 10:30 am	GENERAL

Major Holdings Announcements

Date	Name	No. Held	%	Current
24/01/24	Accident Compensation Corporation	167,341,514	9.43	10.51
05/09/23	ANZ New Zealand Investments Limited	99,173,806	7.30	6.27
03/08/21	The Vanguard Group, Inc.	54,036,142	5.10	3.44
28/07/21	BlackRock Inc. and related bodies c	83,745,944	6.59	5.33
04/05/20	Salt Funds Management Limited	78,301,339	5.11	4.99
06/06/19	BlackRock Inc	71,600,525	5.01	5.00
18/10/17	Westpac Banking Corporation	68,566,626	5.06	4.84

Director’s Interests Announcements

Date	Name	No. Held	%	Details	Other
27/09/23	Peter Alexander	28,416	-	-	-
27/09/23	Steve Penney	110,008	-	-	-
18/07/23	Clive Mackenzie	836,872	-	-	-
23/06/22	Gavin Parker	516,382	-	-	-
09/12/21	Chris Aiken	110,000	-	-	-
22/07/21	Mary Jane Daly	9,000	-	-	-
11/12/19	Mike Steur	200,000	-	-	-
28/11/19	Simon Shakesheff	26,000	-	-	-
28/11/19	Mark David Powell	50,095	-	-	-
05/07/19	Trevor Wairepo	70,331	-	-	-
29/06/18	Chris Gudgeon	728,455	-	-	-
06/06/18	Stuart Tabuteau	123,989	-	-	-

Analysts’ Forecasts

	profit2021	profit2022	eps2021	dps2021	sales2021	ebit2021	ebitda2021
mean	-55.5	5.9	5.7	188.7	155.1	155.1
high	-55.5	5.9	5.7	188.7	155.1	155.1
low	-55.5	5.9	5.7	188.7	155.1	155.1
sample	1	0	1	1	1	1	1

Disclaimer

Data on this page is from BusinessDesk and NZX Ltd for information purposes only. Details are believed to be accurate but no warranty is given as to accuracy, timeliness, reliability or completeness. No person should rely on the contents of the report and all persons should obtain independent professional advice before acting on any information connected with or contained in this report.

Last Updated: 20/12/2023