Property for Industry Ltd is paying a third-quarter dividend of 1.65 cents per share after releasing its nine month result today.The third-quarter dividend is payable on November 15, and brings total dividends so far this year to 4.75 cents per share, whi
Property for Industry Ltd is paying a third-quarter dividend of 1.65 cents per share after releasing its nine month result today.
The third-quarter dividend is payable on November 15, and brings total dividends so far this year to 4.75 cents per share, which is the same level as the previous corresponding period.
New Zealand's only listed company specialising in industrial property investment reported a net operating profit after tax of $13.7 million in the nine months to September 30, up 15.3 percent on last year. This included two prior-year tax credits. Excluding these the profit was up approximately 5 percent.
The company reported a net loss after tax and unrealised losses of $25.747m for the nine month period when a $35.311m deferred tax liability is taken into account. This is a one-off non-cash adjustment.
PFI is managed by AMP Capital Investors.
The company's net tangible assets per share was steady at 93 cents at September 30. Excluding the deferred tax liability, it was $1.09. The company's share price rose 1c to $1.17 in afternoon trading.
