Stride Gets Solid Outcome From Silverdale Centre Sale -- Market Talk
Dow Jones
Sep 09, 2025
0400 GMT - Stride Property's NZ$114 million sale of the Silverdale Centre mall in Auckland to Investore is a solid outcome, says Forsyth Barr. That's because it supports growth in assets under management and associated fee income, analyst Rohan Koreman-Smit says. It also firms up the book value of Stride's property portfolio and it lowers gearing, providing headroom for Stride to deliver on more strategic growth initiatives. "We continue to view Stride's risk/reward as attractive given its 26% discount to net asset value and sector-high 9.3% gross yield," Forsyth Barr says. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
September 09, 2025 00:00 ET (04:00 GMT)
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