Property for Industry (PFI) has upgraded its earnings guidance for the year ending June 30, 2025.
The company now expects its cash dividends of 8.50 cents per share for financial year 2025 to result in a dividend pay-out towards the lower end of its dividend policy range and close to 90% of adjusted funds from operations (AFFO) on a one-year basis.
This represents a 5-10% increase in AFFO earnings guidance.
The upgrade is attributed to lower levels of current tax and maintenance capex than previously forecast.
PFI's chief executive, Simon Woodhams, said the company continues to experience high levels of cash collection, but the financial health of its tenant base remains a key risk.
The company will release its FY25 annual results on August 25, 2025.
See more
