PFI valuations stabilise, spending headroom at $300m
Though changes to depreciation rules could see industrial property firm Property for Industry’s tax bill rise by about $2m per year.
PFI CEO Simon Woodhams.
A fair value loss of $4.2 million on its portfolio did little to dent Property for Industry’s results for its June reporting period, with profit after tax at $21.2m on rental income of $48.3m.
The NZX-listed industry property play, with a portfolio valued at $2.1 billion, said it had benefited
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