Property for Industry reports record profit

Monday 23 February 2004

Listed industrial property investor Property For Industry (PFI) today reported its biggest ever full-year profit of $11.59 million, a 1.8 per cent improvement on the previous year.

By The Landlord

The company said the record result for the 12 months to December 31 would allow it to increase its full year dividend by 4.7 per cent to 7.31 cents per share.

PFI chairman Peter Masfen said the company's rental income for the year at $21.90 million was up 1.7 per cent on the previous year.

Earnings per share for the year of 9.32 cents per share were up 45 per cent on the previous year, and the company will pay a final dividend of 1.73 cents per share on March 12 with a record date of March 5.

Read More - Opens in a new window
Commenting is closed

Property News

Major industrial development powers on

It’s full steam ahead for the Stevenson Group’s $800 million, 361-hectare industrial and residential development in South Auckland – despite the uncertainties of the post-Covid-19 era.


Resilience needed in face of change

The Reserve Bank says the commercial property sector is vulnerable to the Covid-19 crisis. But PMG Funds' chief executive believes that while there’ll be short-term pain, the biggest long-term impact will be structural change.


Mortgage lending slumps to record low in April

Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.

Site by PHP Developer