Revenue: Net rental income up 5.1% at $65.5 million
Dividend: Unchanged at 6.5 cents a share
Main takeaway: The Stride-managed large-format retail owner concluded transactions valued at $225m, rewarding Stride with a $1m fillip for the extra work.
Picking up the Silverdale Centre and Bunnings New Lynn largely accounted for a $140 million increase in Investore Property’s portfolio valuation to $1.1 billion last year.
Those acquisitions, at a respective $114m and $43m, were part of a suite of transactions valued at $225m, which included
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Key points
Revenue: Net rental income up 5.1% at $65.5 million
Dividend: Unchanged at 6.5 cents a share
Main takeaway: The Stride-managed large-format retail owner concluded transactions valued at $225m, rewarding Stride with a $1m fillip for the extra work.
