Stride's valuers cut $66.5m from early assessment as crisis intensified

Jenny Ruth
Tue, 23 Jun 2020

Stride Property Group said its valuers cut $66.5 million off their initial draft valuations provided in early March as the magnitude of the coronavirus crisis became more apparent, turning valuation gains into losses. In the event, the valuers cut $1.8 million off the property portfolio's value to $996.1 million. That was the major reason its bottom line net profit fell 66.8 percent to $25.3 million for the year ended March from the previous year, which had included a valuation gain of $36.5 million. Provided the coronavirus crisis doe...
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Sponsored: What’s next for the future of the office?

Think everyone is going to keep working from home? No so fast, says Milford Asset Management.

Rising to the covid challenge

These extraordinary times have shown us that those that can think on their feet, remain focused on the shifting needs of their customers and also have a plan are the ones most likely to succeed.