Financial Ratios Property For Industry Limited

Stocks

PFI

NZPFIE0001S5

Real Estate Development & Operations

End-of-day quote New Zealand S.E. 2026-09-30			5-day change	1st Jan Change
2.260 ^NZD	+1.80%		+0.44%	-5.04%

09-07	NZX Biggest Gainers	MT
08-24	Property For Industry Limited, 2026 Earnings Call, Aug 24, 2026

06e.wrjeQX2GIg6-WVEzP55J-sCvDGCA5XLPuv1hJvopdVE.9vupKkXQWHeTaTRaDu4drZXObwLEgxW3wrA7aL9cAxqg9bxxMs9mfIYNJg

Published financial data: PROPERTY FOR INDUSTRY LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2022 (NZD)	2023 (NZD)	2024 (NZD)	2025 (NZD)	2026 (NZD)
Rental Revenues	111M	115M	114M	127M	144M
Other Revenues, Total	-	-	-	-	-
Total Revenues	111M	115M	114M	127M	144M
Property Expenses	17.6M	22.7M	19.79M	21.9M	23.52M
Selling General & Admin Expenses, Total	8.51M	10.34M	12.19M	11.16M	12.42M
Other Operating Expenses	-	-	-	-	-
Total Operating Expenses	26.11M	33.03M	31.99M	33.06M	35.94M
Operating Income (REIT / Utility Template)	84.8M	81.76M	82.18M	94.39M	108M
Interest Expense, Total	-6.1M	-39.31M	-22M	-46.97M	-31.76M
Interest and Investment Income	12K	114K	120K	110K	41K
Net Interest Expenses	-6.09M	-39.2M	-21.88M	-46.86M	-31.72M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	78.71M	42.56M	60.3M	47.53M	76.68M
Impairment of Goodwill	-29.09M	-	-	-	-
Gain (Loss) on Sale of Assets	575K	-1.86M	-1.05M	-54K	-161K
Asset Writedown	-56.74M	-141M	-8.33M	70.74M	16.09M
Insurance Settlements	-	1.37M	32K	46K	100K
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-6.53M	-98.76M	50.95M	118M	92.72M
Income Tax Expense	7.41M	-964K	8.59M	12.25M	14.99M
Earnings From Continuing Operations	-13.94M	-97.79M	42.36M	106M	77.72M
Net Income to Company	-13.94M	-97.79M	42.36M	106M	77.72M
Net Income - (IS)	-13.94M	-97.79M	42.36M	106M	77.72M
Net Income to Common Incl Extra Items	-13.94M	-97.79M	42.36M	106M	77.72M
Net Income to Common Excl. Extra Items	-13.94M	-97.79M	42.36M	106M	77.72M
Per Share Items
Net EPS - Basic	-0.03	-0.19	0.08	0.21	0.15
Basic EPS - Continuing Operations	-0.03	-0.19	0.08	0.21	0.15
Basic Weighted Average Shares Outstanding	517M	502M	502M	502M	502M
Net EPS - Diluted	-0.03	-0.19	0.08	0.21	0.15
Diluted EPS - Continuing Operations	-0.03	-0.19	0.08	0.21	0.15
Diluted Weighted Average Shares Outstanding	517M	502M	502M	502M	502M
Normalized Basic EPS	0.1	0.05	0.08	0.06	0.1
Normalized Diluted EPS	0.1	0.05	0.08	0.06	0.1
Dividend Per Share	0.08	0.08	0.08	0.09	0.1
Payout Ratio	-286.04	-43.64	104.32	39.32	58.81
American Depositary Receipts Ratio (ADR)	20	20	20	20	20
Supplemental Items
EBITDA	84.88M	82M	82.39M	94.61M	109M
EBITA	84.8M	81.76M	82.18M	94.39M	108M
EBIT	84.8M	81.76M	82.18M	94.39M	108M
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	73.3M	-	-	-	-
Effective Tax Rate - (Ratio)	-113.44	0.98	16.86	10.35	16.17
Total Current Taxes	10.52M	5.6M	5.17M	8.87M	10.39M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-3.11M	-6.56M	3.42M	3.37M	4.6M
Normalized Net Income	49.2M	26.6M	37.69M	29.71M	47.93M
Interest Capitalized	13K	3.25M	4.05M	3.36M	2.34M
Interest on Long-Term Debt	25K	3.36M	4.11M	3.46M	2.43M
Supplemental Operating Expense Items
General and Administrative Expenses	8.51M	10.34M	12.19M	11.16M	12.42M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Maintenance & Repair Expenses, Total	-	-	2.95M	6.39M	6.73M
Stock-Based Comp., G&A Exp. (Total)	356K	349K	350K	323K	417K
Total Stock-Based Compensation	356K	349K	350K	323K	417K

Fiscal Period: June	2022 (NZD)	2023 (NZD)	2024 (NZD)	2025 (NZD)	2026 (NZD)
Assets
Net Property Plant And Equipment	2.1B	2B	2.05B	2.17B	2.3B
Total Real Estate Assets	2.1B	2B	2.05B	2.17B	2.3B
Cash And Equivalents	1.33M	1.19M	1.48M	1.62M	2.15M
Accounts Receivable, Total	1.97M	4.67M	4.63M	1.6M	1.56M
Other Receivables	-	-	-	-	-
Investment In Debt and Equity Securities	35.36M	20.97M	22.82M	9.42M	9.08M
Goodwill	-	-	-	-	-
Other Current Assets, Total	24.23M	35.27M	3.45M	2.39M	5.38M
Other Long-Term Assets, Total	-	-	-	2.75M	-
Total Assets	2.16B	2.06B	2.09B	2.19B	2.32B
Liabilities
Current Portion of Long-Term Debt	-	3.51M	1.09M	340K	136K
Current Portion of Leases	79K	244K	-	-	298K
Short-Term Borrowings	-	100M	150M	100M	-
Long-Term Debt	612M	551M	528M	608M	786M
Long-Term Leases	2.11M	1.91M	1.78M	1.5M	1.2M
Accounts Payable, Total	3.35M	10.89M	466K	3.02M	4.01M
Accrued Expenses, Total	10.3M	11.17M	19.32M	15.31M	23.39M
Current Income Taxes Payable	3M	772K	159K	4.55M	5.1M
Deferred Tax Liability Non-Current	31.28M	24.56M	26.2M	29.37M	33.7M
Other Non Current Liabilities	-	-	-	-	9.68M
Total Liabilities	662M	704M	727M	763M	864M
Common Stock, Total	573M	573M	573M	574M	574M
Retained Earnings	927M	787M	786M	850M	882M
Comprehensive Income and Other	615K	754K	570K	592K	758K
Total Common Equity	1.5B	1.36B	1.36B	1.42B	1.46B
Total Equity	1.5B	1.36B	1.36B	1.42B	1.46B
Total Liabilities And Equity	2.16B	2.06B	2.09B	2.19B	2.32B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	502M	502M	502M	502M	502M
ECS Total Common Shares Outstanding	502M	502M	502M	502M	502M
Book Value / Share	2.99	2.71	2.71	2.84	2.9
Tangible Book Value	1.5B	1.36B	1.36B	1.42B	1.46B
Tangible Book Value Per Share	2.99	2.71	2.71	2.84	2.9
Total Debt	615M	656M	680M	710M	788M
Net Debt	613M	655M	679M	709M	786M
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	19	22	-	-	28
Accumulated Allowance for Doubtful Accounts (Supple)	-	28K	8K	120K	96K

Fiscal Period: June	2022 (NZD)	2023 (NZD)	2024 (NZD)	2025 (NZD)	2026 (NZD)
Net Income	-13.94M	-97.79M	42.36M	106M	77.72M
Depreciation, Depletion & Amortization	190K	569K	486K	488K	475K
Total Depreciation, Depletion & Amortization	190K	569K	486K	488K	475K
Amortization of Deferred Charges, Total	-	-	-	1.64M	909K
(Gain) Loss On Sale of Asset - (CF)	-575K	789K	1.05M	54K	267K
Total Asset Writedown	85.82M	141M	8.33M	-70.74M	-16.09M
Stock-Based Compensation (CF)	356K	349K	350K	323K	417K
Provision and Write-off of Bad Debts	-	28K	16K	120K	96K
Change in Accounts Receivable	1.33M	-4.59M	6.11M	-1.75M	-4.79M
Change in Accounts Payable	1.1M	5.01M	1.99M	3.01M	-1.38M
Change In Income Taxes	-555K	-2.23M	-1.23M	4.39M	550K
Other Operating Activities	-21.64M	4.08M	-3.82M	17.16M	3.27M
Cash from Operations	52.08M	47.05M	55.66M	60.71M	61.44M
Acquisition of Real Estate Assets, Total	-27.36M	-77.03M	-122M	-62.68M	-114M
Sale of Real Estate Assets, Total	21.7M	27.9M	57.75M	12.62M	18.8M
Net Sale / Acquisition of Real Estate Assets	-5.66M	-49.13M	-63.81M	-50.06M	-94.8M
Cash Acquisitions	-	-	-	-	-
Other Investing Activities, Total	-	-381K	12K	46K	68K
Cash from Investing	-5.66M	-49.51M	-63.8M	-50.01M	-94.74M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	2.47M	151M	26.58M	175M	230M
Total Debt Issued	2.47M	151M	53.17M	175M	230M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-114K	-106M	-121K	-144M	-150M
Total Debt Repaid	-114K	-106M	-242K	-144M	-150M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-8.66M	-	-	-	-
Common Dividends Paid	-39.89M	-42.68M	-44.19M	-41.69M	-45.71M
Common & Preferred Stock Dividends Paid	-39.89M	-42.68M	-44.19M	-41.69M	-45.71M
Cash from Financing	-46.19M	2.32M	8.73M	-10.56M	33.82M
Net Change in Cash	229K	-145K	588K	142K	527K
Supplemental Items
Cash Interest Paid	23.58M	27.82M	29.66M	32.78M	35.07M
Cash Income Tax Paid (Refund)	11.08M	7.83M	6.4M	4.48M	9.84M
Net Debt Issued / Repaid	2.35M	45M	52.93M	31.13M	79.53M
Levered Free Cash Flow	40.22M	19.89M	-	39.12M	56.64M
Unlevered Free Cash Flow	44.03M	44.45M	-	68.47M	76.49M
Change In Net Working Capital	9.51M	7.56M	-	-7.03M	-6.93M

Fiscal Period: June	2022 (NZD)	2023 (NZD)	2024 (NZD)	2025 (NZD)	2026 (NZD)
Profitability
Return on Assets	2.42	2.42	-	2.76	3.01
Return on Total Capital	2.48	2.47	-	2.83	3.09
Return On Equity %	-0.91	-6.84	-	7.62	5.4
Return on Common Equity	-0.91	-6.84	-	7.62	5.4
Margin Analysis
Gross Profit Margin %	84.13	80.23	82.66	82.82	83.71
SG&A Margin	7.67	9	10.68	8.76	8.61
EBITDA Margin %	76.53	71.44	72.17	74.23	75.24
EBITA Margin %	76.46	71.22	71.98	74.06	75.1
EBIT Margin %	76.46	71.22	71.98	74.06	75.1
Income From Continuing Operations Margin %	-12.57	-85.19	37.11	83.18	53.84
Net Income Margin %	-12.57	-85.19	37.11	83.18	53.84
Net Avail. For Common Margin %	-12.57	-85.19	37.11	83.18	53.84
Normalized Net Income Margin	44.36	23.17	33.01	23.31	33.2
Levered Free Cash Flow Margin	36.26	17.32	-	30.69	39.23
Unlevered Free Cash Flow Margin	39.7	38.73	-	53.72	52.99
Asset Turnover
Asset Turnover	0.05	0.05	-	0.06	0.06
Fixed Assets Turnover	0.05	0.06	-	0.06	0.06
Receivables Turnover (Average Receivables)	58.28	34.54	-	40.91	91.51
Short Term Liquidity
Current Ratio	1.65	0.32	0.06	0.05	0.28
Quick Ratio	0.2	0.05	0.04	0.03	0.11
Operating Cash Flow to Current Liabilities	3.11	0.37	0.33	0.49	1.87
Days Sales Outstanding (Average Receivables)	6.26	10.57	-	8.92	3.99
Average Days Payable Outstanding	51	114.47	-	29.06	54.55
Long Term Solvency
Total Debt/Equity	40.96	48.24	50.06	49.88	54.08
Total Debt / Total Capital	29.06	32.54	33.36	33.28	35.1
LT Debt/Equity	40.95	40.61	38.94	42.83	54.05
Long-Term Debt / Total Capital	29.05	27.4	25.95	28.58	35.08
Total Liabilities / Total Assets	30.63	34.09	34.83	34.87	37.22
EBIT / Interest Expense	13.9	2.08	3.74	2.01	3.41
EBITDA / Interest Expense	13.93	2.09	3.76	2.02	3.43
(EBITDA - Capex) / Interest Expense	13.93	2.09	3.76	2.02	3.43
Total Debt / EBITDA	7.23	7.97	8.23	7.49	7.24
Net Debt / EBITDA	7.21	7.96	8.21	7.47	7.22
Total Debt / (EBITDA - Capex)	7.23	7.97	8.23	7.49	7.24
Net Debt / (EBITDA - Capex)	7.21	7.96	8.21	7.47	7.22
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	2.08	3.5	-	11.64	13.26
Gross Profit, 1 Yr. Growth %	1.54	-1.31	-	11.85	14.48
EBITDA, 1 Yr. Growth %	0.42	-3.38	-	14.83	14.8
EBITA, 1 Yr. Growth %	0.44	-3.59	-	14.86	14.85
EBIT, 1 Yr. Growth %	0.44	-3.59	-	14.86	14.85
Earnings From Cont. Operations, 1 Yr. Growth %	-103.08	601.32	-	150.28	-26.69
Net Income, 1 Yr. Growth %	-103.08	601.32	-	150.28	-26.69
Diluted EPS Before Extra, 1 Yr. Growth %	-103	605.11	-	150.13	-26.68
Normalized Net Income, 1 Yr. Growth %	2.76	-45.93	-	-21.17	61.32
Net Property, Plant and Equip., 1 Yr. Growth %	-2.75	-4.67	-	5.61	6.14
Accounts Receivable, 1 Yr. Growth %	7.52	137.02	-	-65.54	-2.44
Total Assets, 1 Yr. Growth %	-2.45	-4.57	-	4.83	6.11
Common Equity, 1 Yr. Growth %	-3.99	-9.34	-	4.76	2.29
Tangible Book Value, 1 Yr. Growth %	-2.17	-9.34	-	4.76	2.29
Cash From Operations, 1 Yr. Growth %	-7.21	-9.66	-	9.08	1.21
Levered Free Cash Flow, 1 Yr. Growth %	-72.85	-50.56	-	-	45.8
Unlevered Free Cash Flow, 1 Yr. Growth %	-71.23	0.95	-	-	12.16
Dividend Per Share, 1 Yr. Growth %	2.53	2.47	-	3.61	10.47
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.71	2.78	-	-	12.45
Gross Profit, 2 Yr. CAGR %	7.11	0.1	-	-	13.15
EBITDA, 2 Yr. CAGR %	5.99	-1.5	-	-	14.81
EBITA, 2 Yr. CAGR %	6	-1.6	-	-	14.86
EBIT, 2 Yr. CAGR %	6	-1.6	-	-	14.86
Earnings From Cont. Operations, 2 Yr. CAGR %	-64.94	-53.53	-	-	35.45
Net Income, 2 Yr. CAGR %	-64.94	-53.53	-	-	35.45
Diluted EPS Before Extra, 2 Yr. CAGR %	-65.51	-53.47	-	-	35.42
Normalized Net Income, 2 Yr. CAGR %	16.61	-25.46	-	-	12.77
Net Property, Plant and Equip., 2 Yr. CAGR %	17.33	-3.72	-	-	5.88
Accounts Receivable, 2 Yr. CAGR %	2.94	59.64	-	-	-42.02
Total Assets, 2 Yr. CAGR %	13.21	-3.52	-	-	5.47
Common Equity, 2 Yr. CAGR %	14.89	-6.7	-	-	3.52
Tangible Book Value, 2 Yr. CAGR %	16.39	-5.82	-	-	3.52
Cash From Operations, 2 Yr. CAGR %	21.7	-8.44	-	-	5.07
Levered Free Cash Flow, 2 Yr. CAGR %	-27.35	-63.36	-	-	-
Unlevered Free Cash Flow, 2 Yr. CAGR %	-17.82	-46.1	-	-	-
Dividend Per Share, 2 Yr. CAGR %	2.56	2.5	-	-	6.98
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.89	5.63	-	-	-
Gross Profit, 3 Yr. CAGR %	4.72	4.23	-	-	-
EBITDA, 3 Yr. CAGR %	3.65	2.77	-	-	-
EBITA, 3 Yr. CAGR %	3.64	2.7	-	-	-
EBIT, 3 Yr. CAGR %	3.64	2.7	-	-	-
Earnings From Cont. Operations, 3 Yr. CAGR %	-57.07	-4.83	-	-	-
Net Income, 3 Yr. CAGR %	-57.07	-4.83	-	-	-
Diluted EPS Before Extra, 3 Yr. CAGR %	-57.57	-4.97	-	-	-
Normalized Net Income, 3 Yr. CAGR %	9.62	-9.75	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	12.63	9.48	-	-	-
Accounts Receivable, 3 Yr. CAGR %	11.91	35.93	-	-	-
Total Assets, 3 Yr. CAGR %	12.41	6.94	-	-	-
Common Equity, 3 Yr. CAGR %	12.49	6.17	-	-	-
Tangible Book Value, 3 Yr. CAGR %	13.54	7.09	-	-	-
Cash From Operations, 3 Yr. CAGR %	2.49	10.19	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	3.68	-36.1	-	-	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	-1.7	-11.99	-	-	-
Dividend Per Share, 3 Yr. CAGR %	2.15	2.53	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.23	5.03	-	-	-
Gross Profit, 5 Yr. CAGR %	6.46	3.56	-	-	-
EBITDA, 5 Yr. CAGR %	5.37	2.44	-	-	-
EBITA, 5 Yr. CAGR %	5.36	2.4	-	-	-
EBIT, 5 Yr. CAGR %	5.36	2.4	-	-	-
Earnings From Cont. Operations, 5 Yr. CAGR %	-23.05	-2.34	-	-	-
Net Income, 5 Yr. CAGR %	-23.05	-2.34	-	-	-
Diluted EPS Before Extra, 5 Yr. CAGR %	-24.82	-2.47	-	-	-
Normalized Net Income, 5 Yr. CAGR %	11.17	-5.3	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	11.64	8.71	-	-	-
Accounts Receivable, 5 Yr. CAGR %	12.47	38.93	-	-	-
Total Assets, 5 Yr. CAGR %	11.73	8.72	-	-	-
Common Equity, 5 Yr. CAGR %	12.22	8.25	-	-	-
Tangible Book Value, 5 Yr. CAGR %	13.01	8.95	-	-	-
Cash From Operations, 5 Yr. CAGR %	91.83	-2.63	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	3.13	-14.19	-	-	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	-0.68	-3.54	-	-	-
Dividend Per Share, 5 Yr. CAGR %	1.69	1.91	-	-	-