Stride profits drop as it figures out its next fund
Listed fund manager says its office portfolio is of sufficient quality and scale to launch as a product.
Stride took its purchase of 220 Calrton Gore unconditional in April.
Gearing up to release its long-delayed office fund, NZX-listed Stride Property’s profit from continuing operations dropped 15%.
Releasing its accounts for the 12 months ended March 31, 2022 this morning, the fund manager said profit after tax from continuing operations had dropped $19.7 million
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