Property For Industry (NZSE:PFI) - Stock Price, News & Analysis

PFI Stock Overview

Property For Industry Limited engages in the property investment and management business in New Zealand.

PFI fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	4/6
Past Performance	0/6
Financial Health	0/6
Dividends	5/6

Rewards

Earnings are forecast to grow 55.47% per year

Pays a reliable dividend of 3.72%

Risk Analysis

Interest payments are not well covered by earnings

Property For Industry Limited Competitors

Goodman Property Trust

NZSE:GMT

NZ$3.4b

Argosy Property

NZSE:ARG

NZ$957.3m

Kiwi Property Group

NZSE:KPG

NZ$1.3b

Vital Healthcare Property Trust

NZSE:VHP

NZ$1.5b

Price History & Performance

Summary of all time highs, changes and price drops for Property For Industry
Historical stock prices
Current Share Price	NZ$2.23
52 Week High	NZ$2.48
52 Week Low	NZ$2.10
Beta	0.40
1 Month Change	-1.76%
3 Month Change	-0.89%
1 Year Change	-2.19%
3 Year Change	-21.20%
5 Year Change	11.50%
Change since IPO	184.11%

Recent updates

Shareholder Returns

	PFI	NZ Industrial REITs	NZ Market
7D	-2.6%	-3.2%	-0.8%
1Y	-2.2%	52.3%	-4.5%

Return vs Industry: PFI underperformed the NZ Industrial REITs industry which returned 52.3% over the past year.

Return vs Market: PFI exceeded the NZ Market which returned -4.5% over the past year.

Price Volatility

Is PFI's price volatile compared to industry and market?
PFI volatility
PFI Average Weekly Movement	2.2%
Industrial REITs Industry Average Movement	2.8%
Market Average Movement	4.2%
10% most volatile stocks in NZ Market	7.5%
10% least volatile stocks in NZ Market	2.4%

Stable Share Price: PFI has not had significant price volatility in the past 3 months.

Volatility Over Time: PFI's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1994	22	Simon Woodhams	www.propertyforindustry.co.nz

Property For Industry Limited engages in the property investment and management business in New Zealand. The company invests in industrial properties located in North Harbour, Avondale, Penrose, Mount Wellington, Manukau, Mangere, East Tamaki, Wellington, and Christchurch. As of December 23, 2020, it operated a portfolio of 94 properties that are leased to 147 tenants.

Property For Industry Limited Fundamentals Summary

How do Property For Industry's earnings and revenue compare to its market cap?
PFI fundamental statistics
Market cap	NZ$1.13b
Earnings (TTM)	-NZ$97.79m
Revenue (TTM)	NZ$114.79m

9.8x

P/S Ratio

-11.5x

P/E Ratio

Is PFI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PFI income statement (TTM)
Revenue	NZ$114.79m
Cost of Revenue	NZ$22.70m
Gross Profit	NZ$92.09m
Other Expenses	NZ$189.88m
Earnings	-NZ$97.79m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.19
Gross Margin	80.23%
Net Profit Margin	-85.19%
Debt/Equity Ratio	48.1%

How did PFI perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

85%

Payout Ratio

PFI Stock Overview

Rewards

Risk Analysis

Property For Industry Limited Competitors

NZSE:GMT

NZ$3.4b

NZSE:ARG

NZ$957.3m

NZSE:KPG

NZ$1.3b

NZSE:VHP

NZ$1.5b

Price History & Performance

Recent News & Updates

Now 20% overvalued after recent price rise

Now 21% overvalued after recent price rise

Full year 2023 earnings: EPS and revenues miss analyst expectations

Dividend of NZ$0.026 announced

Property For Industry Limited, Annual General Meeting, Apr 03, 2024

Property For Industry Limited to Report Fiscal Year 2023 Results on Feb 26, 2024

Recent updates

Now 20% overvalued after recent price rise

Now 21% overvalued after recent price rise

Full year 2023 earnings: EPS and revenues miss analyst expectations

Dividend of NZ$0.026 announced

Property For Industry Limited, Annual General Meeting, Apr 03, 2024

Property For Industry Limited to Report Fiscal Year 2023 Results on Feb 26, 2024

An unknown buyer acquired 15 Artillery Place property in Richmond, Nelson from Property For Industry Limited (NZSE:PFI) for NZD 8.5 million.

Undisclosed buyer acquired 10c Stonedon Drive property in East Tamaki, Auckland from Property For Industry Limited (NZSE:PFI) for NZD 20.9 million.

First half 2023 earnings released: FFO per share: NZ$0.05 (vs NZ$0.051 in 1H 2022)

Property For Industry Limited to Report Q2, 2023 Results on Aug 22, 2023

Chief Executive Officer recently sold NZ$50k worth of stock

Full year 2022 earnings: EPS misses analyst expectations

Property For Industry Limited, Annual General Meeting, Mar 29, 2023

Property For Industry Limited to Report Fiscal Year 2022 Results on Feb 20, 2023

An unknown existing tenant acquired 8A & 8B Canada Crescent properties in Christchurch from Property For Industry Limited (NZSE:PFI) for NZD 21 million.

Consensus forecasts updated

First half 2022 earnings released: EPS: NZ$0 (vs NZ$0.55 in 1H 2021)

Property for Industry Limited Approves Dividend, Payable on 7 September 2022

Property For Industry Limited (NZSE:PFI) announces an Equity Buyback for 25,173,940 shares, representing 5% for NZD 60 million.

Now 20% undervalued after recent price drop

Consensus forecasts updated

Independent Director recently bought NZ$54k worth of stock

Consensus EPS estimates increase by 15%

Property for Industry Limited Announces Final Dividend for the Year Ended December 31, 2021, Payable on March 9, 2022

Full year 2021 earnings: EPS and revenues exceed analyst expectations

First half 2021 earnings released: FFO NZ$0.054 per share (vs NZ$0.048 in 1H 2020)

Price target increased to NZ$2.68

Property for Industry Limited Expects to Declare Cash Dividends for the 2021

Property for Industry Limited Announces First Quarter Dividend

Analysts update estimates

Full year 2020 earnings released: EPS NZ$0.23 (vs NZ$0.35 in FY 2019)

Revenue and earnings beat expectations

New 90-day low: NZ$2.86

An unknown a private investor agreed to acquire Carlaw Park Property in Parnell, Auckland from Property For Industry Limited (NZSE:PFI) for approximately NZD 110 million.

New 90-day high: NZ$2.78

Property For Industry Limited (NZSE:PFI) agreed to acquire Industrial Estate located at 528-558 Rosebank Road in Avondale, Auckland. for NZD 65.6 million.

Property For Industry Limited to Report First Half, 2020 Results on Sep 04, 2020

Price target raised to NZ$2.41

First half earnings released

New 90-day high - NZ$2.67

An unknown buyer entered into an agreement to acquire an Industrial Property at 127 Waterloo Road in Christchurch from Property For Industry Limited (NZSE:PFI) for $4.41 million.