Brief: Stride Property Says HY Net Rental Income NZ$34.1 Million Up 11.2%

Stride Property

24/11/2022 24:24

Nov 24 (Reuters) - Stride Property Ltd  SPG.NZ :
    * HY NET RENTAL INCOME NZ$34.1 MILLION UP 11.2%
    * STILL INTENDS TO ESTABLISH A NEW STRIDE PRODUCT WHEN
MARKET
CONDITIONS ARE CONDUCIVE
    * HY LOSS AFTER INCOME TAX ATTRIBUTABLE NZ$53.1 MILLION
VERSUS
PROFIT OF NZ$61.5 MILLION
    * DISTRIBUTABLE PROFIT GUIDANCE FOR FY23 OF  10.0 NZ CPS TO
10.5
NZ CPS
    * EXPECTS TO PAY A COMBINED CASH DIVIDEND FOR SPL AND SIML
OF 8.00
NZ CPS FOR FY23
    * HY NET RENTAL INCOME NZ$34.1 MILLION VERSUS NZ$30.7
MILLION
    * DECLARES A COMBINED CASH DIVIDEND OF 1.84 NZ CPS FOR SPL
AND
SIML FOR SEPT QUARTER
    * HAS ADOPTED A NEW DIVIDEND REINVESTMENT PLAN
    * HAS STRONG INTEREST RATE HEDGING IN PLACE

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