Brief: Precinct Properties NZ Says FY Net Operating Income Before Tax Of NZ$102.1 Mln, Up 7.1%

Precinct Properties New Zealand

22/08/2023 22:19

Aug 23 (Reuters) - Precinct Properties New Zealand Ltd
 PCT.NZ :
    * FY NET OPERATING INCOME BEFORE TAX OF NZ$102.1 MILLION, UP
7.1%
    * CRAIG STOBO, CHAIR STEPPING DOWN AT CONCLUSION OF HIS
CURRENT
TERM IN NOVEMBER
    * FY ADJUSTED FUNDS FROM OPERATIONS OF 6.69 NZ CPS
    * AFFO FOR 2023 FINANCIAL YEAR 6.69 NZ CENTS PER SHARE
    * NET PROPERTY INCOME OF NZ$130.2 MILLION FOR THE YEAR
    * EXPECTS PRECINCT'S DIVIDEND FOR FY 2024 TO BE 6.75 NZ CPS
IN
TOTAL CASH DIVIDENDS
    * SHAREHOLDERS WILL RECEIVE A FOURTH-QUARTER DIVIDEND OF
1.675 NZ
CPS
    * CONSIDERING MAKING AN OFFER BETWEEN NZ$150-$200 MILLION IN
AGGREGATE
    * OFFER ACROSS TWO SERIES OF SUBORDINATED CONVERTIBLE NOTES

Further company coverage:  PCT.NZ 

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