Property gains boost PFI's first-half profit

Fri, 20 Aug 2021

Property for Industry reported a $273.5 million first-half net profit as the value of its properties soared amid covid-accelerated demand for warehousing and logistics facilities.That compared with $15.6m in the previous first half.The company said adjusted funds from operations (affo), a key metric for investors, were up a more modest 24.3% to 4.71 cents per share.Chief executive Simon Woodhams said the company now expects annual dividends will be at the upper end of guidance of 7.9cps, reflecting the progression of PFI's strategy, its qua...

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