1. New Zealand Stocks

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  3. •

    Real estate investment trusts
Property For Industry Limited

Property For Industry Limited

2.17
NZD
-0.02
(-0.91%)
0.15EPS
15.64P/E
1.22BMarket Cap
Mar 02Next Earn
Property For Industry Limited
NZX:PFI
(New Zealand Exchange)

Recent

price

2.17

P/E

ratio

15.64

div

yld

4.19%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2025
2026
NZD
0.15
0.14
0.13
0.15
0.15
0.16
0.16
0.16
0.18
0.19
0.19
0.22
0.22
0.23
0.25
0.29
Revenue per Share
0.05
0.07
0.12
0.13
0.14
0.17
0.27
0.11
0.22
0.35
0.23
0.9
-0.03
-0.19
0.21
0.15
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
0.07
0.07
0.06
0.06
0.07
0.07
0.06
0.07
0.08
0.08
0.06
0.05
0.08
0.08
0.08
0.09
Dividend per Share
1.07
1.07
1.12
1.29
1.36
1.46
1.66
1.69
1.83
2.11
2.27
3.09
2.99
2.71
2.84
2.9
Book Value per Share
1.07
1.07
1.12
1.22
1.29
1.39
1.6
1.63
1.78
2.06
2.21
3.03
2.99
2.71
2.84
2.9
Tangible Book Value per Share
218
221
223
320
416
425
453
460
499
499
500
503
505
502
502
502
Basic Weighted Avg Shares
33
31
29
49
63
67
71
73
89
95
96
108
111
115
128
144
Sales/Revenue/Turnover
87.79
89.4
90.61
85.55
89.31
82.63
84.7
88.81
80.7
79.11
76.99
77.64
76.45
71.27
74.07
75.11
Operating Margin (%)
- -
- -
- -
1
- -
3
3
- -
- -
- -
- -
- -
- -
1
- -
- -
Depreciation Expense
10
16
27
41
60
73
123
52
110
176
113
453
-14
-98
106
78
Net Income, GAAP
37.68
13.78
15.75
14.49
9.11
8.48
6.56
- -
9.98
7.4
16.39
4.23
- -
- -
10.35
16.17
Effective Tax Rate (%)
30.78
53.06
92.19
82.85
94.43
109.42
174.5
70.81
123.62
184.81
118.04
418.16
-12.58
-85.07
83.14
53.82
Profit Margin (%)
8
-5
-9
-1
-8
-6
-3
-7
-16
-20
-6
-10
-10
-115
-118
-24
Working Capital
222
103
114
315
313
331
333
371
398
413
488
599
604
549
605
783
LT Debt
234
237
250
535
565
658
756
843
915
1,054
1,137
1,563
1,500
1,360
1,424
1,457
Total Equity
4.35
5.95
6.32
5.88
5.95
5.38
5.37
- -
5.12
5
3.98
4.25
- -
- -
4.09
4.15
Return on Invested Capital (%)
3.69
5.91
9.59
8.48
8.85
9.7
13.48
- -
10.05
13.95
8.33
24.94
- -
- -
6.56
4.82
Return on Capital (%)
4.25
6.94
11.05
10.32
10.89
11.91
17.45
6.46
12.52
17.9
10.36
33.55
-0.91
-6.84
7.62
5.4
Return on Common Equity (%)

Capital Structure

NZD

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

NZD

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

NZD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.91%
6.23%
2.29%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
71.11%
112.45%
-26.69%
Sales/Revenue/Turnover
8.22%
8.58%
13.23%
Total Cash Common Dividend
6.71%
9.59%
9.66%

Semi-annual Revenue

NZD

•

in mil. unless spec.

Year

H1
H2
FY
2025
- -
- -
128
2026
- -
- -
144

Semi-annual Earnings Per Share

NZD

•

in mil. unless spec.

Year

H1
H2
FY
2025
- -
- -
0.21
2026
- -
- -
0.15

Semi-annual Dividends Per Share

NZD

•

in mil. unless spec.

Year

H1
H2
FY
2025
- -
- -
0.08
2026
- -
- -
0.09
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Business
Property For Industry Limited (PFI.NZ) is a New Zealand-based real estate investment trust specializing in industrial property investment and management. The company owns and leases a diversified nationwide portfolio of over 90 quality industrial properties valued at more than $2 billion, primarily located in Auckland suburbs including Avondale, East Tamaki, Manukau, Mt Wellington, North Shore, Penrose, and other areas, as well as sites in Hamilton, Tauranga, Wellington, and Christchurch; its properties support key industrial sectors such as last-mile e-commerce, food and beverage, freight, technology, automotive, storage and logistics, frozen goods, horticulture, and primary industries, with tenants including Fisher & Paykel Appliances, Fletcher Building Products, Brambles, Cottonsoft, Mainfreight, and Coca-Cola Amatil. PFI generates nearly all revenue from rental and management fees. Founded in 1993 and listed on the NZX since 1994, the company is headquartered at Level 4, Hayman Kronfeld Building, 15 Galway Street, Auckland. Recent developments include the settlement of the acquisition of 316 Neilson Street in Penrose, Auckland in February 2025, the purchase of 505 & 507 Mt Wellington Highway in November 2025, and the acquisition of 45 Cryers Road in East Tamaki, Auckland, alongside a focus on sustainable projects, lease reversions, and developments to drive rental income growth and portfolio expansion. PFI employs 22 staff under CEO Simon Woodhams and maintains strong tenant relationships to support long-term value creation for investors through steady dividends and capital growth.