Stride Property Group Reports First Half 2023 Earnings

Stride Property Group (NZSE:SPG) First Half 2023 Results

Key Financial Results

• Net loss: NZ$53.1m (down by 186% from NZ$61.5m profit in 1H 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Stride Property Group Earnings Insights

Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 3 years, while revenues in the REITs industry in New Zealand are expected to remain flat.

Performance of the New Zealander REITs industry.

The company's shares are down 3.8% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Stride Property Group (including 2 which are significant).

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