Stride Property Stepping Up To OUTPERFORM
SPG has debt-reduction options including: (1) divesting part of its town-centre portfolio (we see this as likely); and (2) the spin-off of its...
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Stride Property FY25 Result—Stepping Down
Stride (SPG) reported an expected -20% decline in adjusted funds from operations (AFFO) to NZ$42.1m, but is broadly flat excluding one-offs.
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Real Estate Reflections - Weak Share Prices, Stable Fundamentals
The listed property sector continued its poor start to the year in February, down another -1.1%, taking year-to-date performance to -4.5%.
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Property Sector Five Themes For 2026
The listed property sector has had a soft start to 2026, but we remain constructive for the year ahead. Our preferred sector picks are Precinct...
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Real Estate Reflections A Strong Year in Property
The sector is now trading on a -14% discount to net tangible assets (NTA), a gross yield of 7.5% or +300bp spread to long bond rates, and an AFFO...
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