Precinct Properties New Zealand Limited
Precinct Properties NZ Ltd & Precinct Properties Investments Ltd is the largest owner, manager and developer of premium city center real estate in Auckland and Wellington. Precinct is predominantly invested in office buildings and includes investment in Precinct Flex, Commercial Bay retail and a multi-unit residential development business. As of 30 June 2025, Precinct's directly held portfolio (o… Read more
Precinct Properties New Zealand Limited (AOTUF) - Net Assets
Latest net assets as of June 2025: $1.94 Billion USD
Based on the latest financial reports, Precinct Properties New Zealand Limited (AOTUF) has net assets worth $1.94 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.70 Billion) and total liabilities ($1.75 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.94 Billion |
| % of Total Assets | 52.56% |
| Annual Growth Rate | 6.26% |
| 5-Year Change | -12.44% |
| 10-Year Change | 37.81% |
| Growth Volatility | 14.77 |
Precinct Properties New Zealand Limited - Net Assets Trend (1999–2025)
This chart illustrates how Precinct Properties New Zealand Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Precinct Properties New Zealand Limited (1999–2025)
The table below shows the annual net assets of Precinct Properties New Zealand Limited from 1999 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $1.94 Billion | -5.03% |
| 2024-06-30 | $2.05 Billion | -6.22% |
| 2023-06-30 | $2.18 Billion | -10.36% |
| 2022-06-30 | $2.44 Billion | +9.68% |
| 2021-06-30 | $2.22 Billion | +16.36% |
| 2020-06-30 | $1.91 Billion | -2.38% |
| 2019-06-30 | $1.95 Billion | +15.63% |
| 2018-06-30 | $1.69 Billion | +12.29% |
| 2017-06-30 | $1.51 Billion | +6.71% |
| 2016-06-30 | $1.41 Billion | +5.42% |
| 2015-06-30 | $1.34 Billion | +20.92% |
| 2014-06-30 | $1.11 Billion | +12.50% |
| 2013-06-30 | $983.80 Million | +12.15% |
| 2012-06-30 | $877.20 Million | -0.59% |
| 2011-06-30 | $882.40 Million | +15.04% |
| 2010-06-30 | $767.05 Million | -21.52% |
| 2009-06-30 | $977.38 Million | -4.52% |
| 2008-06-30 | $1.02 Billion | +7.22% |
| 2007-06-30 | $954.74 Million | +54.27% |
| 2006-06-30 | $618.88 Million | +28.28% |
| 2005-06-30 | $482.46 Million | +21.76% |
| 2004-06-30 | $396.23 Million | -13.46% |
| 2003-06-30 | $457.85 Million | +9.24% |
| 2002-06-30 | $419.10 Million | +4.21% |
| 2001-06-30 | $402.17 Million | +3.04% |
| 2000-06-30 | $390.30 Million | -2.60% |
| 1999-06-30 | $400.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Precinct Properties New Zealand Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 39360300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $376.90 Million | 18.95% |
| Common Stock | $1.62 Billion | 81.60% |
| Other Comprehensive Income | $-10.90 Million | -0.55% |
| Total Equity | $1.99 Billion | 100.00% |
Precinct Properties New Zealand Limited Competitors by Market Cap
The table below lists competitors of Precinct Properties New Zealand Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Taiji Computer Corp Ltd
SHE:002368
|
$1.05 Billion |
|
TKH Group NV
AS:TWEKA
|
$1.05 Billion |
|
Zhe Jiang Dali Technology Co Ltd
SHE:002214
|
$1.05 Billion |
|
Deutsche Wohnen AG
LSE:0OBQ
|
$1.05 Billion |
|
Befesa SA
XETRA:BFSA
|
$1.05 Billion |
|
Global Health Limited
NSE:MEDANTA
|
$1.05 Billion |
|
Hanwha Investment&Securities Co Ltd
KO:003530
|
$1.05 Billion |
|
CAPRICOR THERAP. DL-001
F:4LN2
|
$1.05 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Precinct Properties New Zealand Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,074,200,000 to 1,989,200,000, a change of -85,000,000 (-4.1%).
- Net income of 11,000,000 contributed positively to equity growth.
- Dividend payments of 107,100,000 reduced retained earnings.
- Other comprehensive income decreased equity by 7,399,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $11.00 Million | +0.55% |
| Dividends Paid | $107.10 Million | -5.38% |
| Other Comprehensive Income | $-7.40 Million | -0.37% |
| Other Changes | $18.50 Million | +0.93% |
| Total Change | $- | -4.10% |
Book Value vs Market Value Analysis
This analysis compares Precinct Properties New Zealand Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.53x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-06-30 | $1.51 | $0.66 | x |
| 2000-06-30 | $1.47 | $0.66 | x |
| 2001-06-30 | $1.51 | $0.66 | x |
| 2002-06-30 | $1.58 | $0.66 | x |
| 2003-06-30 | $1.72 | $0.66 | x |
| 2004-06-30 | $0.78 | $0.66 | x |
| 2005-06-30 | $0.98 | $0.66 | x |
| 2006-06-30 | $1.22 | $0.66 | x |
| 2007-06-30 | $1.74 | $0.66 | x |
| 2008-06-30 | $1.40 | $0.66 | x |
| 2009-06-30 | $1.38 | $0.66 | x |
| 2010-06-30 | $0.76 | $0.66 | x |
| 2011-06-30 | $0.88 | $0.66 | x |
| 2012-06-30 | $0.87 | $0.66 | x |
| 2013-06-30 | $0.98 | $0.66 | x |
| 2014-06-30 | $1.05 | $0.66 | x |
| 2015-06-30 | $1.21 | $0.66 | x |
| 2016-06-30 | $1.16 | $0.66 | x |
| 2017-06-30 | $1.24 | $0.66 | x |
| 2018-06-30 | $1.40 | $0.66 | x |
| 2019-06-30 | $1.57 | $0.66 | x |
| 2020-06-30 | $1.45 | $0.66 | x |
| 2021-06-30 | $1.69 | $0.66 | x |
| 2022-06-30 | $1.56 | $0.66 | x |
| 2023-06-30 | $1.38 | $0.66 | x |
| 2024-06-30 | $1.31 | $0.66 | x |
| 2025-06-30 | $1.25 | $0.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Precinct Properties New Zealand Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.96%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.86x
- Recent ROE (0.55%) is below the historical average (6.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 4.72% | 0.00% | 0.00x | 1.21x | $-21.17 Million |
| 2000 | 1.91% | 0.00% | 0.00x | 1.25x | $-31.58 Million |
| 2001 | 5.21% | 30.92% | 0.12x | 1.35x | $-19.28 Million |
| 2002 | 7.38% | 63.07% | 0.09x | 1.33x | $-11.00 Million |
| 2003 | 12.20% | 93.58% | 0.10x | 1.26x | $10.09 Million |
| 2004 | 8.60% | 61.78% | 0.07x | 1.93x | $-5.56 Million |
| 2005 | 18.27% | 100.03% | 0.10x | 1.75x | $39.92 Million |
| 2006 | 25.23% | 162.54% | 0.09x | 1.64x | $94.23 Million |
| 2007 | 23.64% | 209.66% | 0.08x | 1.50x | $130.27 Million |
| 2008 | 11.61% | 98.82% | 0.07x | 1.60x | $16.49 Million |
| 2009 | -19.73% | -144.22% | 0.09x | 1.44x | $-290.58 Million |
| 2010 | -19.83% | -110.30% | 0.11x | 1.69x | $-228.82 Million |
| 2011 | 1.18% | 7.59% | 0.11x | 1.46x | $-77.84 Million |
| 2012 | 5.14% | 35.43% | 0.09x | 1.54x | $-42.62 Million |
| 2013 | 16.01% | 106.64% | 0.09x | 1.69x | $59.12 Million |
| 2014 | 10.59% | 70.86% | 0.09x | 1.58x | $6.52 Million |
| 2015 | 9.15% | 71.79% | 0.10x | 1.31x | $-11.43 Million |
| 2016 | 9.80% | 94.66% | 0.08x | 1.23x | $-2.89 Million |
| 2017 | 10.77% | 128.45% | 0.06x | 1.38x | $11.54 Million |
| 2018 | 15.08% | 195.03% | 0.05x | 1.52x | $85.83 Million |
| 2019 | 9.71% | 173.11% | 0.04x | 1.48x | $-5.59 Million |
| 2020 | 1.58% | 23.58% | 0.04x | 1.67x | $-160.64 Million |
| 2021 | 8.45% | 93.94% | 0.06x | 1.56x | $-34.36 Million |
| 2022 | 4.52% | 54.92% | 0.05x | 1.58x | $-133.55 Million |
| 2023 | -7.01% | -68.87% | 0.06x | 1.67x | $-371.41 Million |
| 2024 | -1.07% | -8.80% | 0.07x | 1.70x | $-229.52 Million |
| 2025 | 0.55% | 3.96% | 0.08x | 1.86x | $-187.92 Million |
Industry Comparison
This section compares Precinct Properties New Zealand Limited's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $2,107,201,352
- Average return on equity (ROE) among peers: 5.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Precinct Properties New Zealand Limited (AOTUF) | $1.94 Billion | 4.72% | 0.90x | $1.05 Billion |
| American Assets Trust Inc (AAT) | $189.17 Million | -3.71% | 4.13x | $999.59 Million |
| Armada Hflr Pr (AHH) | $-41.34 Million | 0.00% | 0.00x | $432.17 Million |
| Armada Hoffler Properties, Inc. (AHRT-PA) | $829.19 Million | 0.68% | 2.13x | $1.74 Billion |
| Artis REIT (ARESF) | $1.25 Billion | 25.30% | 1.49x | $228.58 Million |
| Ascott Residence Trust (ATTRF) | $4.54 Billion | 7.22% | 0.97x | $1.70 Billion |
| Broadstone Net Lease Inc (BNL) | $998.54 Million | 3.64% | 0.95x | $3.72 Billion |
| British Land Company Plc (BRLAF) | $5.69 Billion | 4.99% | 0.45x | $5.24 Billion |
| Icade SA (CDMGF) | $4.58 Billion | 2.77% | 1.24x | $700.47 Million |
| Charter Hall Long WALE REIT (CHLWF) | $940.37 Million | 8.86% | 0.48x | $1.19 Billion |