Property for Industry hikes annual earnings guidance on strong leasing

Thu, 14 Dec 2017

By Paul McBeth Dec. 14 (BusinessDesk) - Property for Industry raised annual earnings guidance as the industrial real estate investor benefited from stronger leasing since its half-year result. The Auckland-based company expects distributable profit of 8 cents per share in the year ending March 31, up from already increased guidance of 7.7-to-7.9 cents, and up from 7.58 cents a year earlier, it said in a statement. "The second half of 2017 has delivered strong leasing outcomes, continuing the trend we reported on in our interim result...

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