Precinct Properties New Zealand First Half 2023 Earnings: NZ$0.001 loss per share (vs NZ$0.028 profit in 1H 2022)

Precinct Properties New Zealand (NZSE:PCT) First Half 2023 Results

Key Financial Results

• Revenue: NZ$111.8m (up 15% from 1H 2022).
• Net loss: NZ$1.80m (down by 104% from NZ$42.2m profit in 1H 2022).
• NZ$0.001 loss per share (down from NZ$0.028 profit in 1H 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Precinct Properties New Zealand Earnings Insights

Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the REITs industry in New Zealand.

Performance of the New Zealander REITs industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Precinct Properties New Zealand (1 is a bit unpleasant!) that you need to be mindful of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.