Precinct Properties expects 2016 earnings per share to decline as asset sales end

Tue, 18 Aug 2015

By Tina Morrison Aug. 19 (BusinessDesk) - Precinct Properties New Zealand expects earnings per share to fall this year and dividends to remain unchanged as it focuses on development after completing its asset sale programme. The Auckland-based listed property trust forecast a dividend of 5.4 cents per share for the 2016 financial year, the same level as the past two years, it said in a statement. It expects earnings before performance fees of about 6 cents per share in 2016, down from 6.19 cents in 2015, and 6.24 cents in 2014. Precinc...

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