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Precinct Properties releases FY'18 operating earnings after tax forecast

Precinct Properties New Zealand Ltd. expects operating earnings after tax of roughly 6.30 New Zealand cents per share for the 2018 financial year.

The New Zealand-based commercial property investor also maintained its 5.80-cent-per-share guidance for its dividend for the reporting period.

Additionally, Precinct declared a dividend of 1.45 cents per share for the fiscal second quarter, down from the 1.53 cents per share it paid out the previous quarter. The dividend will be disbursed March 23 to shareholders of record March 12.

As of Feb. 28, US$1 was equivalent to NZ$1.38.