NZSE:PCTOffice REITs
Precinct Properties (NZSE:PCT) Stock Income Holds As Bottom Line Slips
Precinct Properties NZ & Precinct Properties Investments came into this result with the stock under pressure, down over 7% in the past month and trading around NZ$1. That set the bar low for a company long treated as a premium office landlord with a reliable income story.
The earnings print put that reputation under the microscope. Funds From Operations, the core cash earnings measure for real estate investment trusts, landed at NZ$0.0731 per share and the board kept the NZ$0.0675 dividend...