Report
Tony Sherlock
EUR 100.00 For Business Accounts Only

Precinct's Hotel Generates Greater Leverage of Waterfront Assets. FVE Increases to NZD 1.45

Narrow-moat-rated Precinct Properties reported fiscal 2018 earnings of NZD 6.32 cents per security, or cps, up 2.4% on the previous corresponding period and in line with guidance. The key office markets where Precinct operates, Wellington and Auckland, are both benefiting from very favourable tailwinds. Collectively prevailing rents for Precinct's assets in both cities are now below market rates.
The Wellington market has seen a high rate of withdrawals of 100,000 square metres, mostly in relati...
Underlying
Precinct Properties New Zealand

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.

Provider
Morningstar
Morningstar

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.

Analysts
Tony Sherlock

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