Precinct Properties NZ Ltd & Precinct Properties Investments Ltd (OTCPK:AOTUF)
$ 0.725 0 (0%) Market Cap: 1.10 Bil Enterprise Value: 2.02 Bil PE Ratio: 27.88 PB Ratio: 0.76 GF Score: 0/100

Full Year 2019 Precinct Properties New Zealand Ltd Earnings Call Transcript

Aug 15, 2019 / 10:00PM GMT
Release Date Price: $1.03
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Precinct Properties Full Year Results 2019 Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your first speaker today, Mr. Scott Pritchard. Thank you. Please go ahead.

Scott Pritchard
Precinct Properties New Zealand Limited - CEO

Thanks, Edison, and good morning, everyone, and welcome to the 2019 annual result briefing of Precinct Properties. I'm joined today by George Crawford, Precinct's Chief Operating Officer; and Richard Hilder, Precinct's Chief Financial Officer.

The 2019 financial year has continued to produce great results for the business. We have enhanced the portfolio with the addition of H&M at Commercial Bay and our Bowen Campus assets. We have sold assets to recycle capital. We have progressed our developments. We have raised equity and sourced nonbank debt to strengthen the balance sheet. And most importantly, we have grown earnings and dividends for our

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