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PCT - Precinct Properties NZ

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: 21 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

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Financial statement history
 

A. Recent trading and performance summary:

  Total
revenue
NPAT Earnings
per share
fye June mln mln cents
2016 $146.0 $138.2 11.41
2017 $126.2 $162.1 13.38
2018 $130.7 $254.9 21.05
2019 $135.7 $190.2 15.26
2020 $151.8 $30.2 2.30

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B. Recent financial position summary:

  Total
assets
Total
Liabilities
Equity
ratio
fye June bln bln %
2016 $1.74 $0.33 81.0
2017 $2.08 $0.57 72.6
2018 $2.56 $0.87 66.0
2019 $2.89 $0.94 67.5
2020 $3.19 $1.28 59.9

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C. Recent cash flows and positions:

  Cash
inflows
Cash
outflows
Cash and equiv. 
at year end
fye June mln mln mln
2016 $317.7 $170.1 $2.6
2017 $342.5 $214.6 $4.3
2018 $434.5 $305.9 $2.9
2019 $229.4 $93.5 $6.9
2020 $392.4 $238.5 $7.8

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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. 

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CEO profile

Scott Pritchard has been the CEO of Precinct Properties since 2010. He has previous experience in various property roles in Goodman Property Trust, Auckland International and Urbus Properties Limited. He has a Masters degree in Management from Massey University. He is a member of the Property Council's national council and a trustee of the Keystone Property Trust.


Chairman profile

Craig Stobo studied at the university of Otago and Wharton Business School. He is also chairman of the New Zealand Local Government Funding Agency (LGFA) and a director of AIG insurance NZ Limited and a number of other private companies.


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

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