New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

Precinct Properties New Zealand / Equity Bottom-Up

<ul><li>Precinct's (PCT) FY24 result was largely as expected. The core premium office portfolio continues to perform well, with solid rent growth and stable occupancy.</li><li>Fee and co-investment income was slightly below expectations, but this was offset by lower operating costs, with greater capitalisation as development planning ramps up.</li><li>The key positives were continued progress on capital partnering, with a new Wynyard Quarter JV, pipeline and capital progress on student accommodation, and leasing progress on Downtown carpark all announced. </li></ul>

Precinct's (PCT) FY24 result was largely as expected. The core premium office portfolio continues to perform well, with solid rent growth and stable occupancy.Fee and co-investment income was slightly below expectations, but this was offset by lower operating costs, with greater capitalisation as development planning ramps up.The key positives were continued progress on capital partnering, with a new Wynyard Quarter JV, pipeline and capital progress on student accommodation, and leasing progress on Downtown carpark all announced. 

Precinct Properties NZ - FY24 Result — Keeping Active