Precinct Properties (PCT)•HY26•Released 26 February 2026Precinct Investment Partnership acquisition puts Precinct Properties' debt headroom in focusThe NZ$900m acquisition price from the Precinct Investment Partnership acquisition is relevant to debt headroom, while borrowings and gearing remain the direct evidence.Published 21 April 2026Read briefing→
Precinct Properties (PCT)•FY25•Released 27 August 2025Gross borrowings up 20.7% and NTA down 6.2% as operating profit edges 1.2%The statutory swing from a $22.1m FY24 loss to $11.0m profit reflects easing valuation drag rather than core earnings growth.Published 22 April 2026Read briefing→
Precinct Properties (PCT)•HY25•Released 20 February 2025NTA fell to $1.25 from $1.35 even as FFO rose 7.4%Recurring property earnings improved but valuation softness pulled NTA lower while gross borrowings rose 3.5% to $1,537.2m.Published 22 April 2026Read briefing→
Precinct Properties (PCT)•FY24•Released 28 August 2024Operating cash fell 32.6% even as revenue grew 13.3%The narrowing statutory loss reflects property valuation stabilisation; FCF pre-lease stayed at -$97.6m and gross borrowings rose 7.1%.Published 22 April 2026Read briefing→
Precinct Properties (PCT)•HY24•Released 22 February 2024NPAT swung to $15.3m but AFFO per share slipped to 3.26cpsOperating profit before tax rose just 3.4% and operating cash inflow fell to $39.8m, undercutting the optical PBT recovery on a weak prior base.Published 22 April 2026Read briefing→
Precinct Properties (PCT)•FY23•Released 23 August 2023Revaluation losses drove a $153m NPAT loss while cash earnings rose 34%Statutory NPAT swung to -$153.1m on property revaluations even as revenue rose 9.3% and operating cash flow climbed to $118.1m.Published 22 April 2026Read briefing→
Precinct Properties (PCT)•HY23•Released 23 February 2023NPI grew 9% but NPAT swung to a $1.8m loss as revaluation gains fadedOperating cash earnings strengthened, but development capex jumped 81% and pre-lease FCF widened to -$88.5m, outside the historical range.Published 22 April 2026Read briefing→