Brief: Stride Property Ltd Announces Q4 Cash Dividend Of 2.1575 Cents Per Share

Stride Property

22/06/2020 23:19

June 23 (Reuters) - Stride Property Ltd  SPG.NZ :
    * STRIDE PROPERTY LTD ANNOUNCES CASH DIVIDEND FOR Q4 OF
2.1575
CENTS PER SHARE
    * STRIDE INVESTMENT MANAGEMENT LTD ANNOUNCES CASH DIVIDEND
FOR Q4
OF 0.32 CENTS PER SHARE
    * FY PROFIT AFTER INCOME TAX OF $25.3M (FY19: $76.2M) FOR
STRIDE
PROPERTY GROUP
    * FY STRIDE PROPERTY GROUP'S NET RENTAL INCOME $59.1 MILLION
VERSUS $57.3 MILLION
    * CO CURRENTLY SEES FINANCIAL IMPACT FROM COVID-19 TO RESULT
IN
REDUCTION IN DISTRIBUTABLE PROFIT FOR FY21 OF BETWEEN $2.9M AND
$5.1M
    * SPL'S NZ$135 MILLION OF BANKING FACILITIES EXPIRING JUNE
2021
EXTENDED TO JUNE 2024
    * BOARDS CONFIRM THAT THEY INTEND TO PAY QUARTERLY DIVIDENDS
FOR
FY21 YEAR
    * CURRENTLY ANTICIPATE THAT COMBINED DIVIDENDS PER SHARE FOR
SPL
AND SIML WILL BE 9.91 CPS
    * SPL'S NZ$200 MILLION OF BANKING FACILITIES WILL BE
CANCELLED ON
INDUSTRE COMPLETION, REDUCING FACILITY LIMIT TO NZ$305 MILLION
    * TOTAL COMBINED CASH DIVIDEND FOR STRIDE PROPERTY GROUP FOR
FY20
TO 9.91CPS, IN LINE WITH GUIDANCE
    * ALL FIGURES IN NZ$

Source text for Eikon:  ID:nNZW66L7Sv 
Further company coverage:  SPG.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))