PFI raises guidances, buys $91.7m Wiri property

Thu, 06 May 2021

Property for Industry (PFI) has raised its earnings guidance and bought another property at Wiri for $91.7 million.The property investor said it now expects full-year cash dividends will be at least 7.9 cents per share, up from its February guidance of between 7.85c and 7.9c. That's up from 7.7c in per-share dividends paid for calendar 2020.The company said results for the calendar year to date and the positive impact of its just-purchased 44 Noel Burnside Road are behind the higher earnings.The new property includes a large, modern 17...

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