Brief: Precinct Properties New Zealand Posts FY Net Operating Income NZ$79.4 Mln

Precinct Properties New Zealand

16/08/2019 03:23

Aug 16 (Reuters) - Precinct Properties New Zealand Ltd
 PCT.NZ :
    * FY NET OPERATING INCOME INCREASED TO NZ$79.4 MILLION, UP
3.7%
    * FY20 DIVIDEND GUIDANCE OF 6.30 CPS, AN INCREASE OF 5.0%.
    * FY NET PROPERTY INCOME OF NZ$97.5 MILLION VERSUS NZ$95.3
MILLION
    * FULL YEAR DIVIDEND OF 6.00 CPS, UP 3.4%
    * FY FUNDS FROM OPERATIONS NZ$86.2 MILLION VERSUS NZ$83.4
MILLION
    * BOARD EXPECTS FY20 EARNINGS TO BE AT LEAST 6.80 CPS,
BEFORE
PERFORMANCE FEES
    * INTENDS TO TRANSITION TOWARDS PAYING OUT ABOUT 100% OF
ADJUSTED
FUNDS FROM OPERATIONS AS DIVIDENDS

Source text for Eikon:  ID: 
Further company coverage:  PCT.NZ 

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