Stride Property Has Opportunity to Revisit Strategy

Dow Jones06-26 06:40
 

Stride Property has an opportunity to get back in investors' good books, suggests Forsyth Barr. The stock is trading at a big discount to its book value. Analyst Rohan Koreman-Smit attributes that partly to the lack of a clear strategic pathway and weaker operational metrics from its office portfolio. "We believe the recent board refresh provides an opportunity for Stride to revisit its strategy and provide the market with clarity on the future direction of the business," Forsyth Barr says. Detail on the specific steps and initiatives that SPG is undertaking would lift market confidence in any strategic changes, it says. Medium-term outcomes against which to measure its progress would help. Forsyth Barr retains an outperform call on Stride, which is up 0.9% at NZ$1.13 today. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

June 25, 2026 18:40 ET (22:40 GMT)

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