May 7, 2020 / 11:55 PM / 18 days ago

BRIEF-Property For Industry Announces Q1 Dividend Of 1.8000 Cents Per Share

May 8 (Reuters) - Property for Industry Ltd:

* ANNOUNCED A Q1 DIVIDEND OF 1.8000 CENTS PER SHARE

* DIVIDEND WILL HAVE IMPUTATION CREDITS OF 0.4925 CENTS PER SHARE

* ABOUT 6% OF CO’S TENANTS CONTRACTUALLY ENTITLED TO SOME FORM OF IMMEDIATE RENTAL RELIEF

* DISCUSSIONS WITH TENANTS COMMERCIALLY SENSITIVE & EXPECTED TO CONTINUE THROUGHOUT 2020

* DEPRECIATION DEDUCTION FOR COMMERCIAL, INDUSTRIAL BUILDINGS WILL RESULT IN INCREASE IN FFO & AFFO OF ABOUT NZ$1.85 MILLION IN FY20 Source text for Eikon: Further company coverage:

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