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Property for Industry Ltd (PFI.NZ)

PFI.NZ on New Zealand Stock Exchange

1.63NZD
26 Apr 2017
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$0.00 (+0.31%)
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Latest Key Developments (Source: Significant Developments)

Property For Industry reaches internalization deal with PFIM Ltd
Sunday, 2 Apr 2017 04:31pm EDT 

Property For Industry Ltd : Internalisation Agreement . Reached a conditional agreement with PFIM Limited (PFIM) to internalise management of PFI . Internalisation will be accretive to EPS for shareholders . Greg Reidy, Simon Woodhams and Craig Peirce will continue to act as managing director, general manager and CFO under contracts with PFI .Internalisation includes payment of NZ$42.0 million to PFIM as consideration for termination of PFI management contract.  Full Article

Property for Industry announces acquisition of property
Wednesday, 1 Feb 2017 10:00pm EST 

Property for Industry Ltd : Acquisition of 11 Turin Place, settlement of 27 Zelanian Drive . Property was purchased in a sale and lease back transaction for a net purchase price of $14.2 million . Announces settlement of sale of vacant industrial property for a net sales price of $8.3 million .All figures in NZ$.  Full Article

Property for Industry announces independent valuation outcome
Thursday, 1 Dec 2016 02:31pm EST 

Property for Industry Ltd : Expected annual increase from independent valuations in value of its property portfolio of approximately $88 million or 9% to $1.09 billion .All figures in NZ$.  Full Article

Property for Industry updates FY distributable profit forecast
Monday, 8 Aug 2016 04:32pm EDT 

Property for Industry Ltd : Increased guidance for FY distributable profit to 7.7 cents per share before and 7.4 cents per share after management performance fees . PFI still expects cash dividends to be 7.30 cents per share .  Full Article

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BRIEF-Property For Industry reaches internalization deal with PFIM Ltd

* Reached a conditional agreement with PFIM Limited (PFIM) to internalise management of PFI