PFI's underlying profit down 7.7%; guidance reinstated

PFI's underlying profit down 7.7%; guidance reinstated
Jenny Ruth
Property for Industry's first-half net profit fell 66.3 percent, largely reflecting a slight fall in the value of its properties compared to a large increase a year earlier. The firm's underlying result was also down 7.7 percent because of rising lease incentives. But the company reinstated its pre-covid guidance for dividends to be between 7.65 cents and 7.7 cents this year. The company had withdrawn that guidance in mid-April because of the crisis. PFI paid 7.6 cents in dividends for calendar 2019. The company has also reinstated its...

More Property

Triple Connection faces liquidation
Property

Triple Connection faces liquidation

The debt collector says the company "don't pay their bills".

Gregor Thompson 13 Dec 2024
Beachlands South development appeals settled
Property

Beachlands South development appeals settled

Appeals challenging the approval of a plan change for the Beachlands South development have been settled, paving the way for the multi-billion dollar project to proceed.“The success of negotiating a sensible outcome means that the development process can now move forward with the...

Staff reporters 11 Dec 2024
Winton 'stands to gain millions': MP
Property

Winton 'stands to gain millions': MP

The proposed fast-tracking of Sunfield is 'cronyism', local MP claims.

Maria Slade 11 Dec 2024
Olliver avoids bankruptcy – for now
Property

Olliver avoids bankruptcy – for now

A bid by BNZ to bankrupt the developer has been adjourned until February.

Maria Slade 10 Dec 2024