Infrastructure

Time for a shotgun wedding of Kiwi Property and Stride?

Jenny Ruth
Fri, 22 Apr 2022

Time for a shotgun wedding of Kiwi Property and Stride?
Kiwi Property has started building a build-to-rent apartment complex at Sylvia Park. (Image: supplied)
Jenny Ruth
Fri, 22 Apr 2022
Jarden's head of research, Arie Dekker, has come up with a scheme that would solve the problems of two of the listed property companies, Kiwi Property Group and Stride Property.Stride, which is in the process of turning itself into the manager of a range of listed and unlisted funds, lacks scale, Dekker argues.As for Kiwi, the worst-performing large-cap stock in recent years and with the biggest discount to net tangible assets (NTA) currently, Dekker argues it lacks focus.Kiwi's market capitalisation with the shares currently at $1.08 i...

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