In PIE we crust: Forsyth Barr approves of Precinct Properties’ stapled structure move

(Image: BusinessDesk)

Mon, 24 Apr 2023

Forsyth Barr analysts like the taste of Precinct Properties going down the stapled security structure route.Precinct Properties said in February it was continuing to “actively consider” the option of moving the company to a stapled structure. Earlier this week, the real estate investment firm confirmed the move.In a Forsyth Barr report last Thursday, equity analysts Rohan Koreman-Smit and Paul Koraua said an appropriate structure would maximise both earnings growth and after-tax dividend returns to shareholders.They noted there...

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