HY26 · Released 26 February 2026
FFO fell 8.4% as investment property margins compressed 3.4pp
Revenue flat but operating profit down 3.8% and OCF down 15.4%, with HY26 FFO tracking below the pace needed to meet full-year guidance midpoint.
PCT · NZX
Precinct Properties is an NZX-listed property company covered by Annolyse across HY26. This page brings together the latest briefing, the current metrics snapshot, and the published history to date in one place.
Snapshot
HY26, released 26 February 2026
| Metric | Value |
|---|---|
| Revenue | $135.4m |
| Operating profit | $73.7m |
| NPAT | $2.9m |
| Operating cash flow | $47.9m |
| OCF / Operating profit % | 65.0% |
| Net debt | -$24.1m |
| Net debt / Operating profit | -0.33x |
| ROE % | 131.5% |
| DPS | 1.7c |
| Payout ratio vs NPAT % | 992.6% |
Longitudinal view
Current-period values from each published briefing, with the most recent reporting period shown first.
| Metric | HY266 MONTHS26 February 2026 |
|---|---|
| Revenue | $135.4m |
| Revenue growth % | 0.7% |
| Operating profit | $73.7m |
| Operating profit margin % | 54.4% |
| PBT | $1.8m |
| NPAT | $2.9m |
| NPAT growth % | -68.5% |
| Operating cash flow | $47.9m |
| OCF / Operating profit % | 65.0% |
| FCF pre-lease | -$47.4m |
| DPS | 1.7c |
| Payout ratio vs NPAT % | 992.6% |
| ROE % | 131.5% |
| Net debt | -$24.1m |
| Net debt / Operating profit | -0.33x |
| Debtor days | 13 |
| Inventory days | 58 |
| Total assets | $3.9m |
Source: annolyse.ai/companies/pct
Accountability
Read the prior briefing's expectations and unresolved questions alongside the subsequent result, without forcing long-form editorial text into narrow cards.
Once a second briefing exists for this company, this section will compare the previous briefing's expectations and unresolved issues with what actually happened in the next result.
Archive
Every published Annolyse briefing for this company appears here in reverse chronological order.
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