Brief: Stride Property Enters Conditional Agreement To Acquire Office Property For NZ$228M
25/11/2020 01:03
Nov 25 (Reuters) - Stride Property Ltd SPG.NZ :
* ENTERED CONDITIONAL AGREEMENT TO ACQUIRE OFFICE PROPERTY
AT 20
CUSTOMHOUSE QUAY, WELLINGTON, FOR NZ$228M
* STRIDE CURRENTLY EXPECTS COMBINED CASH DIVIDENDS FOR FY21
WILL
BE 9.91CPS
* COMMENCING A CAPITAL RAISING TO RAISE UP TO NZ$220M
* EXPECTS TO DECLARE COMBINED CASH DIVIDEND OF 2.4775 CPS
FOR
STRIDE PROPERTY & STRIDE INVESTMENT MANAGEMENT FOR QUARTER ENDED
30 SEPT
* HY PROFIT AFTER INCOME TAX FROM CONTINUING OPERATIONS
NZ$51.6
MILLION VERSUS NZ$27.0 MILLION
* HY NET RENTAL INCOME OF NZ$20.5M VERSUS NZ$24.6M
Source text for Eikon: ID:nNZW5VN0t1
Further company coverage: SPG.NZ
((Reuters.Briefs@thomsonreuters.com;))
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