Precinct Properties New Zealand Limited (AOTUF) Research

Precinct Properties New Zealand Limited, listed as PCT on the NZX Main Board, distinguishes itself as New Zealand's sole publicly traded entity dedicated exclusively to city centre real estate. Its investment strategy primarily targets premium and A-grade commercial office buildings. The company's impressive portfolio includes a number of landmark properties across Auckland: the PwC Tower, AMP Centre, Jarden House, HSBC House, Mason Bros. Building, 12 Madden Street, 10 Madden Street, and the extensive Commercial Bay development, along with a 50% ownership in the ANZ Centre. In Wellington, Precinct’s holdings feature the AON Centre, NTT Tower, No. 1 and No. 3 The Terrace, Mayfair House, and the Bowen Campus. Additionally, Precinct is the sole owner of Generator NZ, which stands as New Zealand's premier provider of flexible office spaces. Generator currently offers 13,600 square metres of adaptable workspace distributed across four key Auckland sites.

Market snapshot

Symbol
AOTUF
Price
$0.70
Day change
+0.00%
Market cap
$1.7B
P/E ratio
378.13x
52-week range
0.6521-0.7551
Sector
Real Estate
Industry
REIT - Diversified
Next earnings
in 2 months

Peer companies

  • Beijing North Star Company Limited (BEIJF)
  • CIM Real Estate Finance Trust, Inc. (CMRF)
  • Hysan Development Company Limited (HYSNY)
  • Ichigo Inc. (ICHIF)
  • Argosy Property Limited (IGPYF)
  • Kiwi Property Group Limited (KWIPF)
  • Megaworld Corporation (MGAWY)
  • Starhill Global Real Estate Investment Trust (SGLMF)

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