Precinct Properties NZ & Precinct Properties Investments Management

Management criteria checks 2/4

Precinct Properties NZ & Precinct Properties Investments' CEO is Scott Pritchard, appointed in Sep 2010, has a tenure of 13.58 years. total yearly compensation is NZ$3.50M, comprised of 22.3% salary and 77.7% bonuses, including company stock and options. directly owns 0.067% of the company’s shares, worth NZ$1.24M. The average tenure of the management team and the board of directors is 5.3 years and 3.7 years respectively.

Key information

Scott Pritchard

Chief executive officer

NZ$3.5m

Total compensation

CEO salary percentage	22.3%
CEO tenure	13.6yrs
CEO ownership	0.07%
Management average tenure	5.3yrs
Board average tenure	3.7yrs

Recent management updates

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Precinct Properties New Zealand Limited's (NZSE:PCT) CEO For Now

Oct 28

Recent updates

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Precinct Properties New Zealand Limited's (NZSE:PCT) CEO For Now

Oct 28

A Quick Analysis On Precinct Properties New Zealand's (NZSE:PCT) CEO Salary

Mar 02

How Much Are Precinct Properties New Zealand Limited (NZSE:PCT) Insiders Taking Off The Table?

Feb 09

Precinct Properties New Zealand (NZSE:PCT) Has Compensated Shareholders With A Respectable 69% Return On Their Investment

Jan 18

What You Need To Know About Precinct Properties New Zealand Limited's (NZSE:PCT) Investor Composition

Dec 28

Are Precinct Properties New Zealand Limited's (NZSE:PCT) Mixed Financials The Reason For Its Gloomy Performance on The Stock Market?

Dec 07

CEO Compensation Analysis

How has Scott Pritchard's remuneration changed compared to Precinct Properties NZ & Precinct Properties Investments's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-NZ$136m
Sep 30 2023	n/a	n/a	-NZ$145m
Jun 30 2023	NZ$4m	NZ$780k	-NZ$153m
Mar 31 2023	n/a	n/a	-NZ$44m
Dec 31 2022	n/a	n/a	NZ$66m
Sep 30 2022	n/a	n/a	NZ$88m
Jun 30 2022	NZ$2m	NZ$780k	NZ$110m
Mar 31 2022	n/a	n/a	NZ$88m
Dec 31 2021	n/a	n/a	NZ$67m
Sep 30 2021	n/a	n/a	NZ$127m
Jun 30 2021	NZ$3m	NZ$620k	NZ$188m
Mar 31 2021	n/a	n/a	NZ$163m
Dec 31 2020	n/a	n/a	NZ$139m
Sep 30 2020	n/a	n/a	NZ$85m
Jun 30 2020	NZ$2m	NZ$540k	NZ$30m
Mar 31 2020	n/a	n/a	NZ$125m
Dec 31 2019	n/a	n/a	NZ$220m
Sep 30 2019	n/a	n/a	NZ$205m
Jun 30 2019	NZ$2m	NZ$540k	NZ$190m
Mar 31 2019	n/a	n/a	NZ$226m
Dec 31 2018	n/a	n/a	NZ$262m
Sep 30 2018	n/a	n/a	NZ$258m
Jun 30 2018	NZ$2m	NZ$510k	NZ$255m

Compensation vs Market: Scott's total compensation ($USD2.09M) is above average for companies of similar size in the NZ market ($USD857.81K).

Compensation vs Earnings: Scott's compensation has increased whilst the company is unprofitable.

CEO

Scott Pritchard

13.6yrs

Tenure

NZ$3,504,082

Compensation

Mr. Scott Pritchard has been Chief Executive Officer at Precinct Properties NZ Ltd & Precinct Properties Investments Ltd (formerly known as Precinct Properties New Zealand Limited) since September 6, 2010...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Scott Pritchard	Chief Executive Officer	13.6yrs	NZ$3.50m	0.067% NZ$ 1.2m
Richard Hilder	Chief Financial Officer	7.3yrs	no data	0.034% NZ$ 628.0k
Louise Rooney	General Counsel & Company Secretary	no data	no data	no data
Nicola McArthur	General Manager of Marketing	no data	no data	no data
Emma de Vries	General Manager of People & Culture	1.8yrs	no data	no data
George Crawford	Deputy Chief Executive Officer	3.3yrs	no data	0.029% NZ$ 536.8k
Stephanie How	Investor Relations	no data	no data	no data

5.3yrs

Average Tenure

Experienced Management: PCT's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Chris Meads	Independent Director	less than a year	no data	no data
Christopher Judd	Independent Director	11yrs	NZ$113.35k	no data
Graeme Wong	Independent Director	13.4yrs	NZ$113.67k	0.0075% NZ$ 139.2k
Anne Urlwin	Independent Chairman	4.6yrs	NZ$121.46k	0.0039% NZ$ 71.8k
Mark Tume	Independent Director	2.7yrs	NZ$98.67k	0.0013% NZ$ 23.9k
Nicola Greer	Independent Director	2.8yrs	NZ$113.67k	no data

3.7yrs

Average Tenure

Experienced Board: PCT's board of directors are considered experienced (3.7 years average tenure).

Precinct Properties NZ & Precinct Properties Investments Management

Management criteria checks 2/4

Key information

Recent management updates

Alana Barron to Join Precinct as Future Director, Effective 13 November 2023

Precinct Properties Group Announces Appointment of Chris Meads as Independent Director, Effective October 1, 2023

Precinct Properties NZ Ltd & Precinct Properties Investments Ltd, Annual General Meeting, Nov 14, 2023

Precinct Properties New Zealand Limited, Annual General Meeting, Nov 03, 2022

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Precinct Properties New Zealand Limited's (NZSE:PCT) CEO For Now

Insider recently sold NZ$761k worth of stock

Recent updates

Upcoming dividend of NZ$0.017 per share

First half 2024 earnings released: FFO per share: NZ$0.04 (vs NZ$0.037 in 1H 2023)

Dividend of NZ$0.017 announced

Precinct Properties NZ Ltd & Precinct Properties Investments Ltd to Report First Half, 2024 Results on Feb 22, 2024

Upcoming dividend of NZ$0.017 per share at 5.7% yield

Now 21% undervalued after recent price drop

Alana Barron to Join Precinct as Future Director, Effective 13 November 2023

Precinct Properties Group Announces Appointment of Chris Meads as Independent Director, Effective October 1, 2023

Precinct Properties NZ Ltd & Precinct Properties Investments Ltd, Annual General Meeting, Nov 14, 2023

Upcoming dividend of NZ$0.017 per share at 5.4% yield

Precinct Properties New Zealand Limited Announces Dividend for the Fourth-Quarter, Payable on 22 September 2023 and Provides Dividend Guidance for the Year 2024

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall from profit to NZ$0.04 loss, revenue upgraded

Precinct Properties NZ Ltd & Precinct Properties Investments Ltd to Report Fiscal Year 2023 Results on Aug 23, 2023

Consensus EPS estimates fall by 89%

Upcoming dividend of NZ$0.017 per share at 5.1% yield

First half 2023 earnings released: NZ$0.001 loss per share (vs NZ$0.028 profit in 1H 2022)

Precinct Properties New Zealand Limited to Report First Half, 2023 Results on Feb 23, 2023

Precinct Properties New Zealand Limited and PAG agreed to acquire 40 and 44 Bowen Street in Wellington for NZD 240 million.

Upcoming dividend of NZ$0.017 per share

Price target decreased to NZ$1.34

Now 23% undervalued after recent price drop

Upcoming dividend of NZ$0.017 per share

Precinct Properties New Zealand Limited, Annual General Meeting, Nov 03, 2022

Now 20% undervalued

Consensus EPS estimates fall by 29%

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 20% undervalued after recent price drop

Precinct Properties New Zealand Limited to Report Fiscal Year 2022 Results on Aug 18, 2022

Now 22% undervalued after recent price drop

Now 22% undervalued after recent price drop

GIC Pte. Ltd. agreed to acquire 75.1% of an initial portfolio of fully-developed property assets from Precinct Properties New Zealand Limited (NZSE:PCT).

Consensus EPS estimates fall by 13%

First half 2022 earnings: EPS and revenues exceed analyst expectations

Precinct Announces Second-Quarter Dividend, Payable on 25 March 2022

Upcoming dividend of NZ$0.017 per share

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Precinct Properties New Zealand Limited's (NZSE:PCT) CEO For Now

Upcoming dividend of NZ$0.016 per share

Insider recently sold NZ$761k worth of stock

Full year 2021 earnings released: EPS NZ$0.14 (vs NZ$0.023 in FY 2020)

Consensus forecasts updated

Independent Director Launa Inman has left the company

Precinct Properties New Zealand Limited (NZSE:PCT) entered into conditional agreement to acquire Freyberg Building in Aitken Street in Thorndon.

Precinct Properties New Zealand Limited has completed a Follow-on Equity Offering in the amount of NZD 220 million.

Consensus forecasts updated

Precinct Properties New Zealand Limited (NZSE:PCT) entered into conditional agreement to acquire Freyberg Building in Aitken Street in Thorndon.

Precinct Properties New Zealand Limited (NZSE:PCT) entered into an agreement to acquire Bowen House in Wellington for $92 million.

Upcoming dividend of NZ$0.016 per share

Consensus forecasts updated

Deputy Chief Executive Officer recently sold NZ$470k worth of stock

Chief Executive Officer recently sold NZ$1.6m worth of stock

Consensus forecasts updated

Analysts update estimates

First half 2021 earnings released: FFO NZ$0.039 per share (vs NZ$0.035 in 1H 2020)

A Quick Analysis On Precinct Properties New Zealand's (NZSE:PCT) CEO Salary

New 90-day low: NZ$1.64

An unknown buyer has entered into an agreement for the sale of its 50% interest in the ANZ Centre in Auckland from Precinct Properties New Zealand Limited (NZSE:PCT) for approximately NZD 180 million

Analysts update estimates

How Much Are Precinct Properties New Zealand Limited (NZSE:PCT) Insiders Taking Off The Table?

Precinct Properties New Zealand (NZSE:PCT) Has Compensated Shareholders With A Respectable 69% Return On Their Investment

New 90-day low: NZ$1.67

What You Need To Know About Precinct Properties New Zealand Limited's (NZSE:PCT) Investor Composition

Are Precinct Properties New Zealand Limited's (NZSE:PCT) Mixed Financials The Reason For Its Gloomy Performance on The Stock Market?

Analysts update estimates

New 90-day high: NZ$1.82

New 90-day high: NZ$1.75

Upcoming Dividend of NZ$0.016 Per Share

Analysts lower EPS estimates to NZ$0.069

Earnings released