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Precinct Properties New Zealand
(PCT)
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Rating:55Neutral
Price Target:
$0.95
â–¼(-4.70% Downside)
Action:N/A
Date:10/05/26
The score is driven primarily by mixed financial performance: strong revenue growth and generally healthy cash flow are offset by volatile profitability and repeated loss years. Technicals are a meaningful drag due to a clear downtrend and weak momentum. Valuation is supported by a high dividend yield, but the negative P/E reflects losses and constrains confidence in earnings-based value.
Positive Factors
High occupancy and contracted leasing
High occupancy and a 7.1-year weighted average lease term provide durable visibility over rental income. Strong leasing volumes, higher new rents and 3.3% rent-review growth also support future revenue while reducing the portfolio’s under-rented position.
Negative Factors
Volatile profitability and recurring losses
Repeated losses and inconsistent margins reduce confidence that revenue growth will translate reliably into distributable earnings. Profit volatility can constrain internal reinvestment, complicate capital allocation and make shareholder returns more dependent on property-market outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
High occupancy and contracted leasing
High occupancy and a 7.1-year weighted average lease term provide durable visibility over rental income. Strong leasing volumes, higher new rents and 3.3% rent-review growth also support future revenue while reducing the portfolio’s under-rented position.
Read all positive factors
Precinct Properties New Zealand (PCT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.72B
Dividend Yield6.65%
Average Volume (3M)1.51M
Price to Earnings (P/E)―
Beta (1Y)0.83
Revenue Growth4.51%
EPS Growth-162.32%
CountryNZ
Employees112
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,854,154,700
10 Day Avg. Volume1,073,015
30 Day Avg. Volume1,514,020
Financial Highlights & Ratios
PEG Ratio1.36
Price to Book (P/B)0.83
Price to Sales (P/S)6.63
P/FCF Ratio28.71
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.07
Revenue Forecast (FY)$161.05M
Precinct Properties New Zealand Business Overview & Revenue Model
Company Description
Precinct Properties NZ Ltd & Precinct Properties Investments Ltd is the largest owner, manager and developer of premium city center real estate in Auckland and Wellington. Precinct is predominantly invested in office buildings and includes investm...
How the Company Makes Money
Precinct Properties makes money primarily by owning income-producing commercial property and earning rent from tenants under lease agreements. The core revenue stream is contracted rental income (often with periodic rent reviews and/or CPI or mark...
Precinct Properties New Zealand Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
63
Positive
Cash Flow
68
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 278.10M | 277.90M | 248.00M | 182.00M | 200.30M |
| Gross Profit | 151.00M | 171.80M | 147.20M | 161.80M | 121.90M |
| EBITDA | 63.10M | 155.60M | 31.80M | -126.70M | 160.70M |
| Net Income | -8.20M | 11.00M | -22.10M | -153.10M | 110.00M |
Balance Sheet | |||||
| Total Assets | 3.77B | 3.70B | 3.52B | 3.64B | 3.84B |
| Cash, Cash Equivalents and Short-Term Investments | 22.00M | 28.40M | 22.10M | 16.60M | 11.50M |
| Total Debt | 1.48B | 1.66B | 1.39B | 1.32B | 1.33B |
| Total Liabilities | 1.64B | 1.75B | 1.47B | 1.46B | 1.40B |
| Stockholders Equity | 2.21B | 1.99B | 2.07B | 2.18B | 2.44B |
Cash Flow | |||||
| Free Cash Flow | 64.20M | 86.80M | 54.90M | 111.70M | 77.70M |
| Operating Cash Flow | 70.70M | 86.80M | 55.90M | 118.10M | 87.90M |
| Investing Cash Flow | -55.70M | -241.70M | -12.30M | -2.60M | -350.90M |
| Financing Cash Flow | -21.40M | 161.20M | -38.10M | -110.40M | 266.20M |
Precinct Properties New Zealand Technical Analysis
Negative
1.00
Price Trends
0.99
Negative
1.01
Negative
1.03
Negative
Market Momentum
-0.01
Negative
44.82
Neutral
29.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NZ:PCT, the sentiment is Negative. The current price of 1 is above the 20-day moving average (MA) of 0.95, above the 50-day MA of 0.99, and below the 200-day MA of 1.03, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 44.82 is Neutral, neither overbought nor oversold. The STOCH value of 29.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NZ:PCT.
Precinct Properties New Zealand Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | $873.97M | 6.93 | 9.30% | 7.01% | 2.62% | -0.20% | |
65 Neutral | $341.11M | 15.25 | 4.17% | 2.24% | 21.59% | 119.54% | |
57 Neutral | $1.49B | 30.23 | 2.74% | 6.90% | 2.85% | -13.56% | |
55 Neutral | $1.72B | -223.26 | -0.37% | 6.65% | 4.51% | -162.32% | |
55 Neutral | $1.46B | -46.60 | -1.30% | 6.95% | 8.36% | 42.61% |
* Real Estate Sector Average
NZ:PCT
Precinct Properties New Zealand
0.95
-0.29
-23.33%
NZ:KPG
Kiwi Property Group
0.92
-0.13
-12.36%
NZ:ARG
Argosy Property Limited
1.01
-0.22
-18.16%
NZ:VHP
Vital Healthcare Property
1.81
-0.40
-18.14%
NZ:WIN
Winton Land Limited
1.17
-1.09
-48.45%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.