PFI reports FY loss

Mon, 26 Feb 2024

The New Zealand stock exchange-listed warehouse and logistics specialist Property for Industry (PFI) made a $97.8 million net loss after tax in its latest year, following portfolio devaluations despite the sector’s popularity and extremely low vacancy levels.The property giant, which owns 92 properties leased to 126 tenants for a weighted average of five years, has a portfolio valued at $2.028 billion, compared to last year’s $2.117b.PFI declared its result for the year to Dec 31, 2023, on Monday but is changing its balance date to...

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