NZSE:PFIIndustrial REITs
Property For Industry (NZSE:PFI) Stock Gains Income Support As Debt Strain Persists
Property For Industry walked into this result with a flat to slightly weaker share price over the past month, then closed today at NZ$2.37 as investors weighed a chunky headline profit against lingering balance sheet questions. The headline is simple. Cash earnings that actually fund your dividend, measured as funds from operations per share, came in at NZ$0.129, while the company still carries weak debt coverage from operating cash flow.
The market is reacting to a cleaner story on income...