Precinct Properties settles PwC Tower sale. Precinct Properties stock is 25.98 percent off high

Published on 10/14/2026 at 02:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PwC Tower settled on September 30. Precinct Properties stock was NZD 0.94 on October 14, 2026, 25.98 percent below its NZD 1.27 high.

Property sale and asset base

Precinct Properties completed the PwC Tower sale on September 30, 2026.
The portfolio totaled NZD 3.0 billion on a pro forma basis after settlement.
Precinct Properties stock was NZD 0.94 on NZX on October 14, 2026 at 12:37 p.m. NZDT.

PCT, NZAPTE0001S3, Illustration mit AI erstellt.

Precinct Properties (ISIN NZAPTE0001S3) settled the sale of the PwC Tower on September 30, 2026, while Precinct Properties stock was NZD 0.94 on October 14, 2026, 25.98 percent below its NZD 1.27 52-week high. NZX reported that the tower was sold to a new investment partnership with PAG.

Portfolio expands beyond the tower

The transaction left Precinct with a directly held portfolio totaling NZD 3.0 billion on a pro forma basis as of June 30, 2026. The company also reported NZD 2.2 billion of committed capital partnering assets under management, including NZD 2.0 billion in which it remains co-invested, according to NZX.

That structure matters because the sale was not simply a reduction in property exposure. It also increased the importance of capital partnering, in which Precinct manages assets for outside investors while retaining exposure to selected projects.

FFO and leasing provide the operating test

For the 2026 fiscal year, Precinct reported funds from operations of NZD 0.0731 per share, up 3.00 percent year over year, while its 2027 fiscal-year dividend was held at NZD 0.0675 per share, according to Investing.com. Leasing activity covered 38,000 to 40,000 square meters, occupancy remained 97.00 percent and the weighted average lease term reached 7.1 years.

The figures show the investment case is tied to recurring occupancy and development execution rather than a single asset sale. The counterweight is valuation pressure, which accompanied the latest results and helps explain why the stock remains below its NZD 1.27 yearly high.

NZX price remains below yearly high

Precinct Properties was last at NZD 0.94 on the NZX on October 14, 2026 at 12:37 p.m. NZDT. The market capitalization was NZD 1.7 billion, while the 52-week range was NZD 0.92 to NZD 1.27.