This is a basic profile of an NZX50 listed company. It is not investment advice. We recommend you contact a qualified adviser if you need more information.
Precinct Properties
Directory
| NZX code: | PCT |
| Short name: | Precinct Properties |
| Legal name: | Precinct Properties New Zealand Limited |
| Industry sector: | Real estate investment |
| NZX50 rank: | 16 of 50 |
| Head office address: | Level 12, 188 Quay street, Auckland, 1010 |
| Chairman: | Craig Stobo |
| Chief executive: | Scott Pritchard |
| Financial year ended: | June |
| Locations: | New Zealand |
| Auditor: | EY |
| Bankers: | ANZ, BNZ, ASB, Westpac, HSBC |
Precinct Properties
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Financial statement history
A. Recent trading and performance summary:
| Total revenue |
NPAT | Earnings per share |
|
| fye June | mln | mln | cents |
| 2018 | $130.7 | $254.9 | 21.05 |
| 2019 | $135.7 | $190.2 | 15.26 |
| 2020 | $151.8 | $30.2 | 2.30 |
| 2021 | $199.8 | $146.0 | 14.26 |
| 2022 | $200.3 | $129.3 | 7.06 |
| 2023 | $218.9 | $164.7 | 9.65 |
B. Recent financial position summary:
| Total assets |
Total Liabilities |
Equity ratio |
|
| fye June | bln | bln | % |
| 2018 | $2.56 | $0.87 | 66.0 |
| 2019 | $2.89 | $0.94 | 67.5 |
| 2020 | $3.19 | $1.28 | 59.9 |
| 2021 | $3.46 | $1.24 | 64.2 |
| 2022 | $3.84 | $1.40 | 63.5 |
| 2023 | $3.64 | $1.46 | 59.9 |
C. Recent cash flows and positions:
| Cash inflows |
Cash outflows |
Cash and equiv. at year end |
|
| fye June | mln | mln | mln |
| 2018 | $434.5 | $305.9 | $2.9 |
| 2019 | $229.4 | $93.5 | $6.9 |
| 2020 | $392.4 | $238.5 | $7.8 |
| 2021 | $229.7 | $229.2 | $8.3 |
| 2022 | $288.2 | $350.9 | $11.5 |
| 2023 | $339.6 | $2.6 | $16.6 |
D. Recent key ratio analysis:
| Earnings per share |
Price:Earnings ratio |
NTA/share | Dividend yield |
|
| fye June | cents | annual avg | dollars | annual avg % |
| 2018 | 21.1 | 6.4 | 1.40 | 4.30 |
| 2019 | 15.3 | 11.6 | 1.47 | 3.39 |
| 2020 | 2.3 | 68.3 | 1.44 | 4.01 |
| 2021 | 14.3 | 11.2 | 1.52 | 4.06 |
| 2022 | 7.1 | 19.3 | 1.54 | 4.89 |
| 2023 | (9.3) | N/A | 1.38 | 5.51 |
Description of trading activities
Precinct Properties is the largest owner and developer of premium inner-city real estate in Auckland and Wellington. They invest in high quality concentrated ownership of city centre real estate in strategic locations.
CEO profile
Scott Pritchard has been the CEO of Precinct Properties since 2010. Pritchard has previous experience in various property roles at Goodman Property Trust, Auckland International Airport Limited, and Urbus Properties Limited. Pritchard holds a Masters degree in Management from Massey University. Pritchard is National Chair of Property Council New Zealand, and a Trustee of the Tania Dalton Foundation.
Chairman profile
Craig Stobo was educated at the University of Otago, and Wharton Business School. Stobo has worked different careers as a diplomat, economist, investment banker, and as a CEO. Stobo has been the Chair of the Government's International Finances Services Development Group which was in 2010, which he followed with becoming Chair of the Establishment Board of the Local Government Funding Agency in 2011.
Links:
| Company website: | https://www.precinct.co.nz/ |
| Investor information: | https://www.precinct.co.nz/investors |
| NZX listing: | https://www.nzx.com/companies/PCT |
| Annual reports: | https://www.precinct.co.nz/reporting-and-disclosure |