Risk factor
Very high price volatility
Profitability factor
Solid dividends
About
As New Zealand's sole listed company specializing in city-centre real estate, Precinct primarily invests in high-quality commercial office buildings. Listed on the NZX Main Board, PCT boasts a significant property portfolio across Auckland, including the PwC Tower, AMP Centre, a 50% stake in the ANZ Centre, Jarden House, HSBC House, the Mason Bros. Building, 12 Madden Street, 10 Madden Street, and Commercial Bay. Its Wellington assets comprise the AON Centre, NTT Tower, No. 1 and No. 3 The Terrace, Mayfair House, and the Bowen Campus. Beyond its traditional property assets, Precinct also owns Generator NZ, New Zealand's premier flexible workspace provider, which currently manages 13,600 square metres of space spread across four Auckland sites.
Company Valuation
From both historical and forecast perspectives, the stock is overpriced compared to similar stocks. In particular, the stock is reasonably priced on P/E, 'expensive' on E
Target Price
The average target price of PCT.NZ is 1.2 and suggests 22% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to incre