Stride Property posts flat earnings as new real estate management strategy beds in

Tue, 29 May 2018

By Paul McBeth May 30 (BusinessDesk) - Stride Property Group posted flat annual earnings as it beds in a new strategy and reshaped portfolio where it clips the ticket as a property manager as well as directly owning real estate. Distributable earnings, a favoured measure of property investors which strips out unrealised movements in the value of a property portfolio, rose to $38.8 million, or 10.63 cents per share, in the 12 months ended March 31, from $37.7 million, or 10.33 cents, a year earlier, it said in a statement. Net profit jump...

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