Property for Industry CEO Woodhams expects NTA discount to close within 18 months

PFI's net tangible assets rose 4.7% to $2.84 per share. (Image: NZME)

Mon, 25 Aug 2025

Property for Industry chief executive Simon Woodhams says he expects the over 50-cent gap between the company's share price and its net asset value per share to close.In earnings for the 12 months to June 30, released on Monday, net profit after tax rose to $106 million, reversing a $46.1m loss a year earlier.The turnaround was driven by $70.7m in fair-value gains across its $2.17 billion portfolio, compared with losses of $90m in the prior year.Net tangible assets (NTA) rose 4.7% to $2.84 per share, and shares were up 0.65% to $2.31 s...

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