Financial Ratios Property For Industry Limited

Stocks

PFI

NZPFIE0001S5

Real Estate Development & Operations

End-of-day quote New Zealand S.E. 2026-08-20			5-day change	1st Jan Change
2.320 ^NZD	-1.28%		-3.33%	-2.52%

07-17	New Zealand Shares Rise; Meridian Energy Gets Corporate Credit Rating Affirmation From S&P Global	MT
07-16	NZX Biggest Gainers	MT

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Published financial data: PROPERTY FOR INDUSTRY LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Rental Revenues	109M	111M	115M	114M	127M
Other Revenues, Total	-	-	-	-	-
Total Revenues	109M	111M	115M	114M	127M
Property Expenses	16.84M	17.6M	22.7M	19.79M	21.9M
Selling General & Admin Expenses, Total	7.46M	8.51M	10.34M	12.19M	11.16M
Other Operating Expenses	-	-	-	-	-
Total Operating Expenses	24.31M	26.11M	33.03M	31.99M	33.06M
Operating Income (REIT / Utility Template)	84.34M	84.8M	81.76M	82.18M	94.39M
Interest Expense, Total	-7.84M	-6.1M	-39.31M	-22M	-46.97M
Interest and Investment Income	2K	12K	114K	120K	110K
Net Interest Expenses	-7.83M	-6.09M	-39.2M	-21.88M	-46.86M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	76.51M	78.71M	42.56M	60.3M	47.53M
Impairment of Goodwill	-	-29.09M	-	-	-
Gain (Loss) on Sale of Assets	2.64M	575K	-1.86M	-1.05M	-54K
Asset Writedown	393M	-56.74M	-141M	-8.33M	70.74M
Insurance Settlements	1.07M	-	1.37M	32K	46K
Other Unusual Items	90K	-	-	-	-
EBT, Incl. Unusual Items	473M	-6.53M	-98.76M	50.95M	118M
Income Tax Expense	20.02M	7.41M	-964K	8.59M	12.25M
Earnings From Continuing Operations	453M	-13.94M	-97.79M	42.36M	106M
Net Income to Company	453M	-13.94M	-97.79M	42.36M	106M
Net Income - (IS)	453M	-13.94M	-97.79M	42.36M	106M
Net Income to Common Incl Extra Items	453M	-13.94M	-97.79M	42.36M	106M
Net Income to Common Excl. Extra Items	453M	-13.94M	-97.79M	42.36M	106M
Per Share Items
Net EPS - Basic	0.9	-0.03	-0.19	0.08	0.21
Basic EPS - Continuing Operations	0.9	-0.03	-0.19	0.08	0.21
Basic Weighted Average Shares Outstanding	503M	517M	502M	502M	502M
Net EPS - Diluted	0.9	-0.03	-0.19	0.08	0.21
Diluted EPS - Continuing Operations	0.9	-0.03	-0.19	0.08	0.21
Diluted Weighted Average Shares Outstanding	503M	517M	502M	502M	502M
Normalized Basic EPS	0.1	0.1	0.05	0.08	0.06
Normalized Diluted EPS	0.1	0.1	0.05	0.08	0.06
Dividend Per Share	0.08	0.08	0.08	0.08	0.09
Payout Ratio	5.98	-286.04	-43.64	104.32	39.32
American Depositary Receipts Ratio (ADR)	20	20	20	20	20
Supplemental Items
EBITDA	84.43M	84.88M	82M	82.39M	94.61M
EBITA	84.34M	84.8M	81.76M	82.18M	94.39M
EBIT	84.34M	84.8M	81.76M	82.18M	94.39M
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	517M	73.3M	-	-	-
Effective Tax Rate - (Ratio)	4.23	-113.44	0.98	16.86	10.35
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	10.6M	10.52M	5.6M	5.17M	8.87M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	9.41M	-3.11M	-6.56M	3.42M	3.37M
Normalized Net Income	47.82M	49.2M	26.6M	37.69M	29.71M
Interest Capitalized	204K	13K	3.25M	4.05M	3.36M
Interest on Long-Term Debt	223K	25K	3.36M	4.11M	3.46M
Supplemental Operating Expense Items
General and Administrative Expenses	7.46M	8.51M	10.34M	12.19M	11.16M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Maintenance & Repair Expenses, Total	-	-	-	2.95M	6.39M
Stock-Based Comp., G&A Exp. (Total)	335K	356K	349K	350K	323K
Total Stock-Based Compensation	335K	356K	349K	350K	323K

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Net Property Plant And Equipment	2.16B	2.1B	2B	2.05B	2.17B
Total Real Estate Assets	2.16B	2.1B	2B	2.05B	2.17B
Cash And Equivalents	1.1M	1.33M	1.19M	1.48M	1.62M
Accounts Receivable, Total	1.83M	1.97M	4.67M	4.63M	1.6M
Other Receivables	-	-	-	-	-
Investment In Debt and Equity Securities	11.62M	35.36M	20.97M	22.82M	9.42M
Goodwill	29.09M	-	-	-	-
Other Current Assets, Total	14.01M	24.23M	35.27M	3.45M	2.39M
Other Long-Term Assets, Total	-	-	-	-	2.75M
Total Assets	2.22B	2.16B	2.06B	2.09B	2.19B
Liabilities
Current Portion of Long-Term Debt	710K	-	3.51M	1.09M	340K
Current Portion of Leases	101K	79K	244K	-	-
Short-Term Borrowings	-	-	100M	150M	100M
Long-Term Debt	603M	612M	551M	528M	608M
Long-Term Leases	53K	2.11M	1.91M	1.78M	1.5M
Accounts Payable, Total	1.57M	3.35M	10.89M	466K	3.02M
Accrued Expenses, Total	10.67M	10.3M	11.17M	19.32M	15.31M
Current Income Taxes Payable	3.56M	3M	772K	159K	4.55M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	-	-	-	-	-
Deferred Tax Liability Non-Current	34.42M	31.28M	24.56M	26.2M	29.37M
Total Liabilities	654M	662M	704M	727M	763M
Common Stock, Total	581M	573M	573M	573M	574M
Retained Earnings	981M	927M	787M	786M	850M
Comprehensive Income and Other	751K	615K	754K	570K	592K
Total Common Equity	1.56B	1.5B	1.36B	1.36B	1.42B
Total Equity	1.56B	1.5B	1.36B	1.36B	1.42B
Total Liabilities And Equity	2.22B	2.16B	2.06B	2.09B	2.19B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	505M	502M	502M	502M	502M
ECS Total Common Shares Outstanding	505M	502M	502M	502M	502M
Book Value / Share	3.09	2.99	2.71	2.71	2.84
Tangible Book Value	1.53B	1.5B	1.36B	1.36B	1.42B
Tangible Book Value Per Share	3.03	2.99	2.71	2.71	2.84
Total Debt	604M	615M	656M	680M	710M
Net Debt	603M	613M	655M	679M	709M
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	16	19	22	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	28K	8K	120K

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	453M	-13.94M	-97.79M	42.36M	106M
Depreciation, Depletion & Amortization	181K	190K	569K	486K	488K
Total Depreciation, Depletion & Amortization	181K	190K	569K	486K	488K
Amortization of Deferred Charges, Total	-	-	-	-	1.64M
(Gain) Loss On Sale of Asset - (CF)	-2.64M	-575K	789K	1.05M	54K
Total Asset Writedown	-393M	85.82M	141M	8.33M	-70.74M
Stock-Based Compensation (CF)	335K	356K	349K	350K	323K
Provision and Write-off of Bad Debts	-450K	-	28K	16K	120K
Change in Accounts Receivable	-351K	1.33M	-4.59M	6.11M	-1.75M
Change in Accounts Payable	2.19M	1.1M	5.01M	1.99M	3.01M
Change In Income Taxes	305K	-555K	-2.23M	-1.23M	4.39M
Other Operating Activities	-3.74M	-21.64M	4.08M	-3.82M	17.16M
Cash from Operations	56.12M	52.08M	47.05M	55.66M	60.71M
Acquisition of Real Estate Assets, Total	-250M	-27.36M	-77.03M	-122M	-62.68M
Sale of Real Estate Assets, Total	109M	21.7M	27.9M	57.75M	12.62M
Net Sale / Acquisition of Real Estate Assets	-142M	-5.66M	-49.13M	-63.81M	-50.06M
Cash Acquisitions	-	-	-	-	-
Other Investing Activities, Total	900K	-	-381K	12K	46K
Cash from Investing	-141M	-5.66M	-49.51M	-63.8M	-50.01M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	111M	2.47M	151M	26.58M	175M
Total Debt Issued	111M	2.47M	151M	53.17M	175M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-113K	-114K	-106M	-121K	-144M
Total Debt Repaid	-113K	-114K	-106M	-242K	-144M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-8.66M	-	-	-
Common Dividends Paid	-27.07M	-39.89M	-42.68M	-44.19M	-41.69M
Common & Preferred Stock Dividends Paid	-27.07M	-39.89M	-42.68M	-44.19M	-41.69M
Cash from Financing	84.17M	-46.19M	2.32M	8.73M	-10.56M
Net Change in Cash	-311K	229K	-145K	588K	142K
Supplemental Items
Cash Interest Paid	19.81M	23.58M	27.82M	29.66M	32.78M
Cash Income Tax Paid (Refund)	10.3M	11.08M	7.83M	6.4M	4.48M
Net Debt Issued / Repaid	111M	2.35M	45M	52.93M	31.13M
Levered Free Cash Flow	148M	40.22M	19.89M	-	39.12M
Unlevered Free Cash Flow	153M	44.03M	44.45M	-	68.47M
Change In Net Working Capital	-99.74M	9.51M	7.56M	-	-7.03M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.7	2.42	2.42	-	2.76
Return on Total Capital	2.76	2.48	2.47	-	2.83
Return On Equity %	33.55	-0.91	-6.84	-	7.62
Return on Common Equity	33.55	-0.91	-6.84	-	7.62
Margin Analysis
Gross Profit Margin %	84.5	84.13	80.23	82.66	82.82
SG&A Margin	6.87	7.67	9	10.68	8.76
EBITDA Margin %	77.71	76.53	71.44	72.17	74.23
EBITA Margin %	77.63	76.46	71.22	71.98	74.06
EBIT Margin %	77.63	76.46	71.22	71.98	74.06
Income From Continuing Operations Margin %	416.75	-12.57	-85.19	37.11	83.18
Net Income Margin %	416.75	-12.57	-85.19	37.11	83.18
Net Avail. For Common Margin %	416.75	-12.57	-85.19	37.11	83.18
Normalized Net Income Margin	44.01	44.36	23.17	33.01	23.31
Levered Free Cash Flow Margin	136.29	36.26	17.32	-	30.69
Unlevered Free Cash Flow Margin	140.79	39.7	38.73	-	53.72
Asset Turnover
Asset Turnover	0.06	0.05	0.05	-	0.06
Fixed Assets Turnover	0.06	0.05	0.06	-	0.06
Receivables Turnover (Average Receivables)	58.81	58.28	34.54	-	40.91
Short Term Liquidity
Current Ratio	1.02	1.65	0.32	0.06	0.05
Quick Ratio	0.18	0.2	0.05	0.04	0.03
Operating Cash Flow to Current Liabilities	3.38	3.11	0.37	0.33	0.49
Days Sales Outstanding (Average Receivables)	6.21	6.26	10.57	-	8.92
Average Days Payable Outstanding	27.93	51	114.47	-	29.06
Long Term Solvency
Total Debt/Equity	38.66	40.96	48.24	50.06	49.88
Total Debt / Total Capital	27.88	29.06	32.54	33.36	33.28
LT Debt/Equity	38.61	40.95	40.61	38.94	42.83
Long-Term Debt / Total Capital	27.84	29.05	27.4	25.95	28.58
Total Liabilities / Total Assets	29.51	30.63	34.09	34.83	34.87
EBIT / Interest Expense	10.77	13.9	2.08	3.74	2.01
EBITDA / Interest Expense	10.79	13.93	2.09	3.76	2.02
(EBITDA - Capex) / Interest Expense	10.79	13.93	2.09	3.76	2.02
Total Debt / EBITDA	7.15	7.23	7.97	8.23	7.49
Net Debt / EBITDA	7.13	7.21	7.96	8.21	7.47
Total Debt / (EBITDA - Capex)	7.15	7.23	7.97	8.23	7.49
Net Debt / (EBITDA - Capex)	7.13	7.21	7.96	8.21	7.47
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.56	2.08	3.5	-	11.64
Gross Profit, 1 Yr. Growth %	12.89	1.54	-1.31	-	11.85
EBITDA, 1 Yr. Growth %	11.74	0.42	-3.38	-	14.83
EBITA, 1 Yr. Growth %	11.75	0.44	-3.59	-	14.86
EBIT, 1 Yr. Growth %	11.75	0.44	-3.59	-	14.86
Earnings From Cont. Operations, 1 Yr. Growth %	299.12	-103.08	601.32	-	150.28
Net Income, 1 Yr. Growth %	299.12	-103.08	601.32	-	150.28
Diluted EPS Before Extra, 1 Yr. Growth %	296.3	-103	605.11	-	150.13
Normalized Net Income, 1 Yr. Growth %	32.17	2.76	-45.93	-	-21.17
Net Property, Plant and Equip., 1 Yr. Growth %	41.56	-2.75	-4.67	-	5.61
Accounts Receivable, 1 Yr. Growth %	-1.45	7.52	137.02	-	-65.54
Total Assets, 1 Yr. Growth %	31.39	-2.45	-4.57	-	4.83
Common Equity, 1 Yr. Growth %	37.48	-3.99	-9.34	-	4.76
Tangible Book Value, 1 Yr. Growth %	38.47	-2.17	-9.34	-	4.76
Cash From Operations, 1 Yr. Growth %	59.61	-7.21	-9.66	-	9.08
Levered Free Cash Flow, 1 Yr. Growth %	-294.33	-72.85	-50.56	-	-
Unlevered Free Cash Flow, 1 Yr. Growth %	-334.6	-71.23	0.95	-	-
Dividend Per Share, 1 Yr. Growth %	2.6	2.53	2.47	-	3.61
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.33	6.71	2.78	-	-
Gross Profit, 2 Yr. CAGR %	6.3	7.11	0.1	-	-
EBITDA, 2 Yr. CAGR %	5.25	5.99	-1.5	-	-
EBITA, 2 Yr. CAGR %	5.22	6	-1.6	-	-
EBIT, 2 Yr. CAGR %	5.22	6	-1.6	-	-
Earnings From Cont. Operations, 2 Yr. CAGR %	60.27	-64.94	-53.53	-	-
Net Income, 2 Yr. CAGR %	60.27	-64.94	-53.53	-	-
Diluted EPS Before Extra, 2 Yr. CAGR %	59.53	-65.51	-53.47	-	-
Normalized Net Income, 2 Yr. CAGR %	13.16	16.61	-25.46	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	21.2	17.33	-3.72	-	-
Accounts Receivable, 2 Yr. CAGR %	14.17	2.94	59.64	-	-
Total Assets, 2 Yr. CAGR %	20.66	13.21	-3.52	-	-
Common Equity, 2 Yr. CAGR %	21.76	14.89	-6.7	-	-
Tangible Book Value, 2 Yr. CAGR %	22.32	16.39	-5.82	-	-
Cash From Operations, 2 Yr. CAGR %	7.72	21.7	-8.44	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	102.56	-27.35	-63.36	-	-
Unlevered Free Cash Flow, 2 Yr. CAGR %	81.65	-17.82	-46.1	-	-
Dividend Per Share, 2 Yr. CAGR %	1.95	2.56	2.5	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	6.55	4.89	5.63	-	-
Gross Profit, 3 Yr. CAGR %	5.9	4.72	4.23	-	-
EBITDA, 3 Yr. CAGR %	5.12	3.65	2.77	-	-
EBITA, 3 Yr. CAGR %	5.11	3.64	2.7	-	-
EBIT, 3 Yr. CAGR %	5.11	3.64	2.7	-	-
Earnings From Cont. Operations, 3 Yr. CAGR %	60.22	-57.07	-4.83	-	-
Net Income, 3 Yr. CAGR %	60.22	-57.07	-4.83	-	-
Diluted EPS Before Extra, 3 Yr. CAGR %	59.73	-57.57	-4.97	-	-
Normalized Net Income, 3 Yr. CAGR %	11.05	9.62	-9.75	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	17.87	12.63	9.48	-	-
Accounts Receivable, 3 Yr. CAGR %	26.64	11.91	35.93	-	-
Total Assets, 3 Yr. CAGR %	17.72	12.41	6.94	-	-
Common Equity, 3 Yr. CAGR %	19.53	12.49	6.17	-	-
Tangible Book Value, 3 Yr. CAGR %	20.06	13.54	7.09	-	-
Cash From Operations, 3 Yr. CAGR %	1.45	2.49	10.19	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	51.3	3.68	-36.1	-	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	42.18	-1.7	-11.99	-	-
Dividend Per Share, 3 Yr. CAGR %	1.52	2.15	2.53	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	8.86	6.23	5.03	-	-
Gross Profit, 5 Yr. CAGR %	7.54	6.46	3.56	-	-
EBITDA, 5 Yr. CAGR %	-	5.37	2.44	-	-
EBITA, 5 Yr. CAGR %	6.71	5.36	2.4	-	-
EBIT, 5 Yr. CAGR %	6.71	5.36	2.4	-	-
Earnings From Cont. Operations, 5 Yr. CAGR %	29.69	-23.05	-2.34	-	-
Net Income, 5 Yr. CAGR %	29.69	-23.05	-2.34	-	-
Diluted EPS Before Extra, 5 Yr. CAGR %	26.82	-24.82	-2.47	-	-
Normalized Net Income, 5 Yr. CAGR %	11.92	11.17	-5.3	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	14.79	11.64	8.71	-	-
Accounts Receivable, 5 Yr. CAGR %	11.13	12.47	38.93	-	-
Total Assets, 5 Yr. CAGR %	14.6	11.73	8.72	-	-
Common Equity, 5 Yr. CAGR %	15.63	12.22	8.25	-	-
Tangible Book Value, 5 Yr. CAGR %	16.1	13.01	8.95	-	-
Cash From Operations, 5 Yr. CAGR %	11.34	91.83	-2.63	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	44.89	3.13	-14.19	-	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	34.82	-0.68	-3.54	-	-
Dividend Per Share, 5 Yr. CAGR %	1.45	1.69	1.91	-	-