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NZE:PFI

6 stories mentioning NZE:PFIUpdated 3h ago

Every FINWIRES story that references NZE:PFI, newest first.

Asia

Property For Industry Fiscal 2026 AFFO, Net Rental Income Up

Property For Industry (NZE:PFI) logged NZ$0.1093 in adjusted funds from operations (AFFO) for the fiscal 2026, compared with NZ$0.0959 a year ago, a Monday filing showed.For the 12 months ended June 30, net rental income was NZ$123.1 million versus NZ$107.6 million previously, the New Zealand-listed real estate investment trust added.The board declared a final dividend of NZ$0.029 per share, up from NZ$0.025 a year earlier, payable Sept. 9 to shareholders on record as of Aug. 31.The company expects fiscal 2027 dividends of NZ$0.0975 to NZ$0.0985, representing an increase of around 2.6% to 3.7% from fiscal 2026.

NZE:PFI
Asia

New Zealand Shares Rise; Meridian Energy Gets Corporate Credit Rating Affirmation From S&P Global

New Zealand shares ended higher on Friday despite most Asian shares seeing losses after a Thursday Wall Street sell-off and continued US-Iran conflict.The S&P/NZX 50 Index rose 0.59% pr 79.90 points to close at 13,94.68.On Thursday, the Nasdaq Composite fell 1.5%, the S&P 500 lost 0.5%, while the Dow Jones slid 0.2%.Iran launched fresh attacks on US facilities in the Gulf on Friday following a sixth consecutive night of US strikes on Iranian military targets, according to a Friday Reuters report.In domestic news, Petrol and diesel prices in New Zealand decreased by around 4.2% and 12%, respectively, in June compared with the previous month, according to a Stats NZ selected price indexes report.Further, New Zealand consumer prices are expected to climb by 1.5% in the June quarter as the Middle East conflict drives oil prices up, Westpac said.Also, ANZ now expects second-quarter annual headline inflation in New Zealand to accelerate by 0.9 percentage points to 4%, slightly below its previous forecast of 4.1% but still a touch higher than a New Zealand central bank estimate of 3.9%, ANZ said.In corporate news, Meridian Energy (ASX:MEZ, NZE:MEL) said S&P Global Ratings reaffirmed the company's corporate credit rating at "BBB+" with a stable outlook.Property For Industry (NZE:PFI) completed a refinancing of its bank facilities with ANZ Group (ASX:ANZ, NZE:ANZ) unit ANZ Bank New Zealand, Bank of New Zealand, Commonwealth Bank of Australia (ASX:CBA), and Westpac Banking's (ASX:WBC, NZE:WBC) New Zealand unit.

^NZ50ASX:MEZNZE:MELNZE:PFI
Asia

NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Friday.SkyCity Entertainment Group (NZE:SKC): +6%, NZ$0.57Gentrack Group (NZE:GTK): +4%, NZ$3.78Vulcan Steel (NZE:VSL): +3%, NZ$6.23Property For Industry (NZE:PFI): +3%, NZ$2.39Fletcher Building (NZE:FBU): +2%, NZ$3.73Marlin Global (NZE:MLN): +1%, NZ$0.75Stride Property Group (NZE:SPG): +1%, NZ$1.19Vista Group International (NZE:VGL): +1%, NZ$2.46Rua Gold (NZE:RGI): +1%, NZ$1.57Channel Infrastructure (NZE:CHI): +1%, NZ$3.24

^NZ50NZE:CHINZE:FBUNZE:GTKNZE:MLNNZE:PFINZE:RGINZE:SKCNZE:SPGNZE:VGLNZE:VSL
Asia

Property For Industry Refinances Bank Facilities, Updates Green Finance Framework; Shares Up 3%

Property For Industry (NZE:PFI) completed a refinancing of its bank facilities with ANZ Group (ASX:ANZ, NZE:ANZ) unit ANZ Bank New Zealand, Bank of New Zealand, Commonwealth Bank of Australia (ASX:CBA), and Westpac Banking's (ASX:WBC, NZE:WBC) New Zealand unit, according to a Friday filing with the New Zealand bourse.The refinancing consolidated and restructured a number of facilities, resulting in a revised maturity profile with the facilities now due in July 2029, 2030, and 2031, per the filing.Following the refinancing, total committed bank facilities fell to NZ$600 million from NZ$675 million, the company said.Property For Industry also implemented a new facility structure that enables it to adjust commitments between green and non-green debt tranches, subject to certain conditions, with aggregate tranche limits remaining equal to their total facility limit.Adjustable green tranches give the company more financing flexibility, it said, adding that "all significant new developments will target a 5 Green Star rating."Property For Industry shares gained nearly 3% in recent Friday trade.

ASX:ANZASX:CBAASX:WBCNZE:ANZNZE:PFI
Asia

New Zealand Shares Fall; Property for Industry Raises Fiscal Year 2026 Outlook

New Zealand shares ended lower on Tuesday as investors saw fading hopes of a US-Iran peace agreement.The S&P/NZX 50 Index fell 0.99% or 130.15 points to close at 13,080.33.US President Donald Trump said that the US ceasefire with Iran was "on life support" after Iran rejected a peace proposal by the US and insisted on its own list of demands, according to a Tuesday Reuters report.In domestic news, home property values in New Zealand held steady in April, showing no sense of urgency in the market, albeit with buyers having become increasingly cautious amid rising economic and political uncertainty, QV said.Also, light traffic in New Zealand fell about 1.7% in April, signaling softer demand as higher fuel prices made people more wary of driving, ANZ Research said.Meanwhile, New Zealand's seasonally adjusted volume of ready-mixed concrete rose 1.1% in the March quarter, following a 2.7% rise in the preceding three-month period, Stats NZ data showed.In corporate news, Property For Industry (NZE:PFI) has updated its fiscal year 2026 guidance and now expects to pay cash dividends of around NZ$0.095 per share, up from its previous guidance of at least NZ$0.0905.Comvita (NZE:CVT) successfully completed a NZ$40.5 million capital raise, including NZ$30 million from a pro-rata renounceable rights offer and a further NZ$10.5 million through a strategic placement.

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Asia

Property For Industry Declares Quarterly Dividend; Raises Fiscal 2026 Outlook

Property For Industry (NZE:PFI) declared a dividend of NZ$0.022 per share for the quarter ended March 31, according to a Tuesday filing with the New Zealand bourse.The dividend will be paid on May 28, to shareholders on record as of May 19.The company paid the dividend of NZ$0.021 per share for the prior corresponding period, an earlier filing showed.The company has updated its fiscal 2026 guidance and now expects to pay cash dividends of around NZ$0.095 per share, up from its previous guidance of at least NZ$0.0905, based on current forecasts and subject to factors beyond its control.

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