Precinct Pushes Harder into Development
Our fair value estimate for narrow moat rated Precinct Properties is unchanged at NZD 1.45 with the stock screening as fairly valued at current levels. Our fiscal 2019 forecasts remain aligned with reiterated guidance for earnings before performance fees of NZD 6.6 cents per security and dividends of NZD 6.0 cents per security.Precinct’s forward earnings multiple is one of the highest of the Australian and New Zealand firms under coverage at 21.7 times forecast fiscal 2019 earnings. We view th...
Precinct Properties New Zealand is engaged in investment in predominantly prime commercial office properties in the central business district of major New Zealand cities. As of June 30 2010, Co. had total assets of NZ$1,299,328,000 and investment properties portfolio valued at NZ$1,276,800,000.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.