Property For Industry Limited

NZSE:PFI Stock Report

Market Cap: NZ$1.3b

Property For Industry Past Earnings Performance

Past criteria checks 3/6

Property For Industry's earnings have been declining at an average annual rate of -38.3%, while the Industrial REITs industry saw earnings declining at 35.3% annually. Revenues have been growing at an average rate of 5% per year. Property For Industry's return on equity is 7.4%, and it has net margins of 83.2%.

Key information

-38.35%

Earnings growth rate

-38.44%

EPS growth rate

Industrial REITs Industry Growth14.44%
Revenue growth rate5.03%
Return on equity7.44%
Net Margin83.18%
Last Earnings Update30 Jun 2025

Recent past performance updates

Recent updates

Lease Reversions And Sustainable Projects Will Transform Industrial Markets

Key Takeaways Vacancy rates remain low while lease resets and high tenant demand are expected to drive continued rental income and asset value growth. Strong financial flexibility and a growing development pipeline position the company to benefit from increased demand for sustainable industrial properties.

Revenue & Expenses Breakdown

How Property For Industry makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NZSE:PFI Revenue, expenses and earnings (NZD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 25127106110
30 Jun 2411442120
31 Dec 23115-98100
30 Sep 23113-83100
30 Jun 23112-68100
31 Mar 23111-4190
31 Dec 22111-1490
30 Sep 221119580
30 Jun 2211120380
31 Mar 2211032880
31 Dec 2110945370
30 Sep 2110541270
30 Jun 2110237170
31 Mar 2110024260
31 Dec 209711360
30 Sep 209712960
30 Jun 209714650
31 Mar 209616150
31 Dec 199617650
30 Sep 199415250
30 Jun 199312750
31 Mar 199111950
31 Dec 189011050
30 Sep 18889850
30 Jun 18878750
31 Mar 18846940
31 Dec 17825230
30 Sep 17797320
30 Jun 17769500
31 Mar 177410900
31 Dec 167112300
30 Sep 16719100
30 Jun 16705900
31 Mar 16686600
31 Dec 15677300
30 Sep 15657700
30 Jun 15648200
31 Mar 15647100
31 Dec 14646000

Quality Earnings: PFI has a large one-off gain of NZ$70.7M impacting its last 12 months of financial results to 30th June, 2025.

Growing Profit Margin: PFI's current net profit margins (83.2%) are higher than last year (37.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: PFI's earnings have declined by 38.3% per year over the past 5 years.

Accelerating Growth: PFI's earnings growth over the past year (150.3%) exceeds its 5-year average (-38.3% per year).

Earnings vs Industry: PFI earnings growth over the past year (150.3%) exceeded the Industrial REITs industry 6.9%.

Return on Equity

High ROE: PFI's Return on Equity (7.4%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/09 22:07
End of Day Share Price 2025/11/07 00:00
Earnings2025/06/30
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Property For Industry Limited is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Adam LilleyDeutsche Bank
Rohan Koreman-SmitForsyth Barr Group Ltd.
Arie DekkerJarden Limited