NZ's Stride Property dips on dividend reinvestment pause
28/05/2026 04:57
BUZZ-NZ's Stride Property dips on dividend reinvestment pause ** Shares of Stride Property SPG.NZ slip as much as 2.2% to NZ$1.14, posting their biggest intraday pct loss since May 12
** Commercial property investor's stock among top laggards on the benchmark NZ50 .NZ50, which is flat in late Wellington trade
** Co says it will suspend its dividend reinvestment plan for the fourth quarter of FY26
** Flags renewed inflationary pressures and heightened uncertainty from offshore developments
** Co reports 44.4% surge in FY net profit despite 8.5% decline in continuing operations revenue
** YTD, SPG down 17% vs 2.4% fall for NZ50
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))
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