Precinct has demonstrated strong resilience in its operating performance given the majority of the business was impacted by lockdowns during the first half of the financial year. Strong leasing performance has delivered a 1.5% increase in net property income (NPI) for the 6 months to 31 December 2021 or $61.1 million (December 2021: $60.2 million). This level of NPI is after providing $5.5 million (equivalent to 25 bps to AFFO) in rental support for the retail and office portfolios. This has contributed to net operating income before tax of $45.5 million, up 6.3% on the previous comparable period (1H20: $42.8 million).

Scott Pritchard, CEO, Precinct Properties


Portfolio occupancy
7.5 years
Weighted average lease term
Net Property Income
Total comprehensive income after tax

2022 Interim results announcement

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2022 Interim financial statements

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2022 Interim results presentation

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FY22 Interim Results Webcast

Wednesday, February 23, 2022, 10:00am NZT