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Precinct Properties (PCT) briefings
Read that company's published results in release order, newest first.
Precinct Properties (PCT)HY26Released 26 February 2026
Precinct Investment Partnership acquisition puts Precinct Properties' debt headroom in focus
The 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 2026
Read briefingPrecinct Properties (PCT)FY25Released 27 August 2025
Gross 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 2026
Read briefingPrecinct Properties (PCT)HY25Released 20 February 2025
NTA 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 2026
Read briefingPrecinct Properties (PCT)FY24Released 28 August 2024
Operating 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 2026
Read briefingPrecinct Properties (PCT)HY24Released 22 February 2024
NPAT swung to $15.3m but AFFO per share slipped to 3.26cps
Operating 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 2026
Read briefingPrecinct Properties (PCT)FY23Released 23 August 2023
Revaluation 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 2026
Read briefingPrecinct Properties (PCT)HY23Released 23 February 2023
NPI grew 9% but NPAT swung to a $1.8m loss as revaluation gains faded
Operating cash earnings strengthened, but development capex jumped 81% and pre-lease FCF widened to -$88.5m, outside the historical range.
Published 22 April 2026
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