Precinct Pushes Harder into Development. FVE Raised to NZD 1.55
Precinct Properties’ reported first-half fiscal 2019 operating earnings before performance fees of NZD 39.8 million or NZD 3.29 cents per security, or cps, increased slightly on NZD 38.2 million, or NZD 3.15 cps in the previous corresponding period, or pcp. The small increase is due to organic rental growth being offset by income loss on asset sales and rental downtime at assets undergoing redevelopment works. Fiscal 2019 pretax guidance was retained at "around NZD 6.6 cps" before performance fe...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.
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