Precinct FY26 slides: record leasing offsets NTA decline

Precinct Properties New Zealand reported its FY26 annual results on August 27, 2026, highlighting a year of strong execution with record leasing activity and significant balance sheet strengthening. Despite this positive operational performance, the company's shares fell 1.44% to $1.03 following the announcement, signaling investor caution about valuation headwinds and an unchanged dividend.

The company delivered funds from operations of 7.31 cents per share, up 3.0% year-over-year, while maintaining its dividend at 6.75 cents per share for FY27.

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