Stride sees flat dividend for another year as profit falls on smaller revaluation gain

Stride sees flat dividend for another year as profit falls on smaller revaluation gain
Paul McBeth
By Paul McBeth May 29 (BusinessDesk) - Stride Property Group posted a 20 percent drop in annual profit due to a smaller property revaluation gain. It expects to pay a flat dividend for another year as it continues with a new strategy of managing other people's properties as well as directly owning real estate. Net profit fell to $76.2 million in the 12 months ended March 31 from $95.3 million a year earlier. The decline was due largely to a smaller revaluation gain on its investment properties of $36.5 million, compared to a $48.3 million...

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