Brief: Precinct Properties New Zealand Says Fy22 Dividend Guidance Of 6.70 NZ Cps Reaffirmed.

Precinct Properties New Zealand

22/02/2022 20:22

Feb 23 (Reuters) - Precinct Properties New Zealand Ltd
 PCT.NZ :
    * FY22 DIVIDEND GUIDANCE OF 6.70 NZ CPS REAFFIRMED.
    * HY NET PROPERTY INCOME OF NZ$61.1 MILLION, UP 1.5%
    * DIVIDENDS ATTRIBUTABLE FOR INTERIM PERIOD TOTALLED 3.35 NZ
CPS
    * FY22 MAY SEE OUR DIVIDEND PAYOUT RATIO MODESTLY EXCEED
100% OF
OUR AFFO
    * HY ADJUSTED FUNDS FROM OPERATIONS OF 3.22 NZ CPS
    * HY TOTAL COMPREHENSIVE INCOME AFTER TAX OF NZ$40.7 MILLION
VERSUS NZ$167.9 MILLION
    * AGREED FORMATION OF A NEW REAL ESTATE INVESTMENT
PARTNERSHIP
WITH SINGAPORE SOVEREIGN WEALTH FUND GIC
    * PARTNERSHIP TO INITIALLY BUY 5 ASSETS FROM CO'S EXISTING
PORTFOLIO IN AUCKLAND AND WELLINGTON TOTALLING NZ$590 MILLION

Further company coverage:  PCT.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))