Results Centre

ABOUT PFI

CASE STUDIES CONTACT US

On 17 February 2020 PFI announced its annual results for the year to 31 December 2019.

Highlights of the annual results

Record annual results: profit after tax of $176.3 million, Funds From Operations (FFO) earnings up 2.6% to 9.07 cents per share, Adjusted Funds From Operations (AFFO) earnings up 4.4% to 7.79 cents per share
Dividends AFFO covered: cash dividends of 7.60 cents per share, AFFO dividend pay-out ratio of 98%
Strong balance sheet: net tangible assets up 15.6% or 27.8 cents per share, bank facilities and bonds secured for an average of 4.1 years, gearing of 28.2%
Positive portfolio activity: nearly 100,000 square metres or 17% of the portfolio leased during the year to 24 tenants for an average increase in term of 6.7 years, rent reviews completed on 103 leases delivered an average annual uplift of ~4.6%
Priorities advanced: four Auckland industrial opportunities secured totalling $106.4 million, $40 million of non-industrial divestments contracted during the year, committed to or completed ~$26 million of value-add strategies

Please click on the links below to learn more about PFI's annual results.