Stride Property & Stride Investment Management Narrows Net Loss in Fiscal Year 2024

MT Newswires Live05-28

Stride Property & Stride Investment Management (NZE:SPG) narrowed its net loss attributable to members to NZ$56.1 million in the fiscal year ended March 31 from a loss of NZ$116.7 million in the year prior, according to a Tuesday filing with the New Zealand bourse.

Loss per share contracted to NZ$0.1022 from NZ$0.216 year on year, while gross rental income rose to NZ$98.9 million from NZ$94.6 million, the real estate firm said in the filing.

Stride Property & Stride Investment Management declared a combined dividend of NZ$0.02 per quoted security with a record date of June 6 payable on June 13.

Shares rose 3% on market close.

Price (NZD): $1.27, Change: $+0.04, Percent Change: +3.25%

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