This is a basic profile of an NZX50 listed company. It is not investment advice. We recommend you contact a qualified adviser if you need more information.
Property For Industry
Directory
| NZX code: | PFI |
| Short name: | Property for Industry |
| Legal name: | Property for Industry Limited |
| Industry sector: | Industrial Property |
| NZX50 rank: | 26 of 50 |
| Head office address: | Shed 24, Prince's Wharf, 147 Quay Street, Auckland, 1010 |
| Chairman: | Dean Bracewell |
| Chief executive: | Simon Woodhams |
| Financial year ended: | December |
| Locations: | New Zealand |
| Auditor: | Pwc |
| Bankers: | ANZ, BNZ, CBA, Westpac NZ |
Property for Industry
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Financial statement history
A. Recent trading and performance summary:
| Total revenue |
NPAT | Earnings per share |
|
| fye Dec | mln | mln | cents |
| 2018 | $158 | $110 | 22 |
| 2019 | $229 | $176 | 35 |
| 2020 | $176 | $113 | 23 |
| 2021 | $307 | $274 | 55 |
| 2022 | $88 | $24 | 4.7 |
| 2023 | $93 | $82 | -19 |
| 2024 | $47 | $21 | 4 |
B. Recent financial position summary:
| Total assets |
Total Liabilities |
Equity ratio |
|
| fye Dec | bln | mln | % |
| 2018 | $1.4 | $444 | 67 |
| 2019 | $1.5 | $469 | 69 |
| 2020 | $1.7 | $551 | 68 |
| 2021 | $2.2 | $654 | 71 |
| 2022 | $2.2 | $662 | 70 |
| 2023 | $2.1 | $704 | 66 |
| 2024 | $2.1 | $727 | 65 |
C. Recent cash flows and positions:
| Cash inflows |
Cash outflows |
Cash and equiv. at year end |
|
| fye Dec | mln | mln | mln |
| 2018 | $54 | $53 | $1.7 |
| 2019 | $48 | $49 | $1.2 |
| 2020 | $78 | $78 | $1.4 |
| 2021 | $141 | $141 | $1.3 |
| 2022 | $26 | $26 | $1.1 |
| 2023 | $47 | $60 | $1.2 |
| 2024 | $32 | $32 | $1.5 |
D. Recent key ratio analysis:
| Earnings per share |
Price:Earnings ratio |
NTA/share | Dividend yield |
|
| fye Dec | cents | annual avg | dollars | annual avg % |
| 2018 | 22.1 | 8.2 | 1.8 | 4.2 |
| 2019 | 35.4 | 6.9 | 2.1 | 3.1 |
| 2020 | 22.7 | 12.9 | 2.2 | 2.6 |
| 2021 | 54.5 | 5.2 | 2.7 | 0.6 |
| 2022 | 4.7 | 51.9 | 3.1 | 1.0 |
| 2023 | -0.2 | 0.0 | 2.7 | 4.3 |
| 2024 | -0.2 | -11.8 | 2.7 | 4.2 |
Description of trading activities
Property for Industry is a property investment company that invests in New Zealand industrial properties. Its tenants include Fisher & Paykel Appliances and Fletcher Building who account for almost 14% of its total rental income.
CEO profile
Simon Woodhams was appointed the Chief Executive Officer of PFI in January 2019. Before the appointment, Simon Woodhams was the General Manager of PFI, and prior to that a General Manager of Direct Property Fund (DPF), before they merged with PFI in 2013. Woodhams graduated from the University of Canterbury with a Bachelor of Commerce majoring in Accounting and Marketing.
Chairman profile
Dean Bracewell has been a director of PFI since 2019, appointed Chair of the Board in early 2024. Bracewell is a director for Tainui Group Holdings, Air New Zealand, and Port of Tauranga. He was also the Managing Director of Freightways (FRW) for 18 years. Bracewell was also a director of the public policy think tank "The New Zealand Initiative" formerly the "New Zealand Business Rountable" from 2011-2015.
Links:
| Company website: | https://www.propertyforindustry.co.nz/ |
| Investor information: | https://www.propertyforindustry.co.nz/investor-centre/ |
| NZX listing: | https://www.nzx.com/companies/PFI |
| Annual reports: | https://www.propertyforindustry.co.nz/investor-centre/reports-and-presentations/ |