PFI posts record profit on valuation gains and higher rent
The property company thinks many of its Auckland properties are still under-rented.
NZX-listed Property for Industry posted a profit of $176.3 million for the year ended December 31 2019, on the back of valuation gains and higher rental income.
Valuation gains soared to $125.2m across PFI’s 94 property portfolio, up from $66.4m in the previous year.
PFI said around
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