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Property For Industry Limited
(PFI)
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Rating:62Neutral
Price Target:
$2.50
Action:N/A
Date:10/05/26
The score is driven primarily by generally sound financial positioning but tempered by volatile reported earnings and weaker cash-to-profit conversion in the latest year. Technical indicators are a secondary drag as the stock is below major moving averages with negative MACD. Valuation and dividend yield provide supportive, but not dominant, upside in the overall score.
Positive Factors
Industrial portfolio growth
Strong growth in net rental income and funds-based measures indicates that PFI’s core leasing operations are expanding, not merely benefiting from property revaluations. A highly occupied, under-rented portfolio and strong leasing spreads can support recurring income growth over the next several quarters.
Negative Factors
Volatile earnings quality
The wide swings in reported profitability indicate that accounting earnings are not consistently generated by stable property operations alone. Exposure to non-recurring or valuation-style movements makes underlying performance harder to assess and increases the risk that headline profit will not persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Industrial portfolio growth
Strong growth in net rental income and funds-based measures indicates that PFI’s core leasing operations are expanding, not merely benefiting from property revaluations. A highly occupied, under-rented portfolio and strong leasing spreads can support recurring income growth over the next several quarters.
Read all positive factors
Property For Industry Limited (PFI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.11B
Dividend Yield4.74%
Average Volume (3M)253.77K
Price to Earnings (P/E)14.2
Beta (1Y)0.59
Revenue Growth13.17%
EPS Growth-26.72%
CountryNZ
Employees28
SectorGeneral
Sector StrengthN/A
IndustryREIT - Industrial
Share Statistics
EPS (TTM)0.15
Shares Outstanding502,478,550
10 Day Avg. Volume267,331
30 Day Avg. Volume253,771
Financial Highlights & Ratios
PEG Ratio0.69
Price to Book (P/B)0.83
Price to Sales (P/S)8.54
P/FCF Ratio61.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.11
Revenue Forecast (FY)$121.23M
Property For Industry Limited Business Overview & Revenue Model
Company Description
Property For Industry Limited is a New Zealand-based entity that specializes in the acquisition, development, and active management of real estate assets. The company holds a portfolio primarily comprising industrial properties, strategically posi...
How the Company Makes Money
PFI primarily makes money by leasing industrial properties to tenants and earning contracted rental income under lease agreements. This rental revenue is generated from occupying tenants across its industrial property portfolio, typically comprisi...
Property For Industry Limited Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Jun 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 144.45M | 139.92M | 127.53M | 114.95M | 110.83M | 108.29M |
| Gross Profit | 120.07M | 61.03M | 105.74M | 92.26M | 93.04M | 91.20M |
| EBITDA | 126.21M | 122.16M | 151.89M | -69.03M | 84.92M | 84.34M |
| Net Income | 77.72M | 124.20M | 106.02M | -97.79M | -13.94M | 452.81M |
Balance Sheet | ||||||
| Total Assets | 2.32B | 2.28B | 2.19B | 2.06B | 2.16B | 2.22B |
| Cash, Cash Equivalents and Short-Term Investments | 2.15M | 2.68M | 1.62M | 1.19M | 1.33M | 1.10M |
| Total Debt | 783.49M | 771.06M | 705.18M | 648.96M | 603.69M | 598.81M |
| Total Liabilities | 864.61M | 829.13M | 762.59M | 703.61M | 662.62M | 654.61M |
| Stockholders Equity | 1.46B | 1.45B | 1.42B | 1.36B | 1.50B | 1.56B |
Cash Flow | ||||||
| Free Cash Flow | 4.69M | 19.54M | 60.64M | 46.80M | 50.72M | 55.90M |
| Operating Cash Flow | 59.45M | 60.27M | 60.71M | 47.05M | 52.07M | 55.92M |
| Investing Cash Flow | -92.75M | -87.80M | -50.01M | -49.51M | -5.65M | -140.41M |
| Financing Cash Flow | 33.82M | 28.32M | -10.55M | 2.32M | -46.19M | 84.17M |
Property For Industry Limited Technical Analysis
Negative
―
Price Trends
2.29
Negative
2.33
Negative
2.29
Negative
Market Momentum
-0.02
Positive
35.40
Neutral
21.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NZ:PFI, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 2.24, equal to the 50-day MA of 2.29, and equal to the 200-day MA of 2.29, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 35.40 is Neutral, neither overbought nor oversold. The STOCH value of 21.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NZ:PFI.
Property For Industry Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $732.53M | 26.43 | ― | 4.25% | ― | ― | |
66 Neutral | $1.76B | 5.65 | 8.89% | 2.43% | 14.09% | -18.30% | |
64 Neutral | $591.24M | 19.14 | ― | 8.38% | -5.72% | 44.44% | |
62 Neutral | $1.11B | 14.22 | ― | 4.74% | 13.17% | -26.72% | |
59 Neutral | $375.74M | 11.90 | ― | 6.67% | 6.42% | -17.97% | |
57 Neutral | $1.49B | 30.23 | 2.74% | 6.90% | 2.85% | -13.56% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
NZ:PFI
Property For Industry Limited
2.15
-0.26
-10.86%
NZ:KPG
Kiwi Property Group
0.91
-0.12
-11.71%
NZ:SUM
Summerset Group Holdings Limited
7.04
-3.88
-35.51%
NZ:IPL
Investore Property Ltd.
1.00
-0.21
-17.08%
NZ:SPG
Stride Property Group
1.05
-0.31
-23.08%
NZ:NPH
Napier Port Holdings Ltd
3.70
0.59
18.93%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.