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    REIT - Industrial
Property For Industry Limited

Property For Industry Limited

PFI.NZ
Property For Industry LimitedNZ flagNew Zealand Exchange
2.42
NZD
+0.02
- -
1.22BMarket Cap
Property For Industry Limited
PFI.NZ
(New Zealand Exchange)

Recent

price

2.42

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2025
FRC
0.15
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
Revenue per Share
-0.06
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
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
0.07
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
Dividend per Share
1.1
1.07
1.07
1.12
1.67
1.36
1.55
1.67
1.83
1.83
2.11
2.27
3.1
2.97
2.71
2.83
Book Value per Share
1.1
1.07
1.07
1.12
1.58
1.29
1.48
1.6
1.77
1.78
2.06
2.22
3.05
2.97
2.71
2.84
Tangible Book Value per Share
216
218
221
223
320
416
425
453
460
499
499
500
503
505
502
502
Basic Weighted Avg Shares
31
33
31
29
49
63
67
71
73
89
95
96
108
111
115
128
Sales/Revenue/Turnover
87.37
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
Operating Margin (%)
- -
- -
- -
- -
1
- -
3
3
- -
- -
- -
- -
- -
- -
1
- -
Depreciation Expense
-13
10
16
27
41
60
73
123
52
110
176
113
453
-14
-98
106
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
Effective Tax Rate (%)
-39.82
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
Profit Margin (%)
-1
8
-5
-9
-1
-8
-6
-3
-7
-16
-20
-6
-10
-10
-115
-118
Working Capital
122
222
102
114
315
313
331
333
371
398
413
488
599
604
549
605
LT Debt
237
234
237
250
535
565
658
756
843
915
1,054
1,137
1,563
1,500
1,360
1,424
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
Return on Invested Capital (%)
- -
3.69
5.91
9.59
8.48
8.85
9.7
13.48
- -
10.05
13.95
8.33
24.95
- -
- -
6.56
Return on Capital (%)
-5.01
4.25
6.94
11.05
10.32
10.89
11.91
17.45
6.46
12.52
17.91
10.36
33.57
-0.91
-6.84
7.62
Return on Common Equity (%)

Capital Structure

FRC

•

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

Working Capital

FRC

•

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

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.33%
7.34%
4.7%
Free Cash Flow
- -
1,099.96%
-71.26%
Net Income, GAAP
75.94%
110.66%
-208.42%
Sales/Revenue/Turnover
7.4%
6.09%
10.94%
Total Cash Common Dividend
4.95%
4.32%
-2.33%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
115
2025
- -
- -
- -
- -
128

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
-0.19
2025
- -
- -
- -
- -
0.21

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.08
2025
- -
- -
- -
- -
0.08
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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.