Property For Industry Limited (NZE:PFI)

Property For Industry Income Statement

Financials in millions NZD. Fiscal year is July - June.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	114.16	114.79	110.91	108.65	97.39
Total Revenue	114.16	114.79	110.91	108.65	97.39
Revenue Growth (YoY	-0.54%	3.50%	2.08%	11.56%	1.34%
Property Expenses	19.79	22.7	17.6	16.75	16.06
Selling, General & Administrative	12.19	10.34	8.51	7.47	5.85
Total Operating Expenses	31.99	33.03	26.11	24.22	21.92
Operating Income	82.18	81.76	84.8	84.44	75.48
Interest Expense	-22	-39.31	-6.1	-7.84	-17.59
Interest & Investment Income	0.12	0.11	0.01	0	0
EBT Excluding Unusual Items	60.3	42.56	78.71	76.6	57.89
Impairment of Goodwill	-	-	-29.09	-	-
Gain (Loss) on Sale of Assets	-1.05	-1.86	0.58	2.64	-0.01
Total Insurance Settlements	0.03	1.37	-	1.07	5.47
Asset Writedown	-8.33	-140.83	-56.74	392.52	72.55
Other Unusual Items	-	-	-	-	-0.2
Pretax Income	50.95	-98.76	-6.53	472.83	135.69
Income Tax Expense	8.59	-0.96	7.41	20.02	22.24
Net Income	42.36	-97.79	-13.94	452.81	113.45
Net Income to Common	42.36	-97.79	-13.94	452.81	113.45
Net Income Growth	-	-	-	299.12%	-35.64%
Basic Shares Outstanding	502	502	505	503	500
Diluted Shares Outstanding	502	502	505	503	500
Shares Change (YoY)	0.05%	-0.52%	0.27%	0.73%	0.19%
EPS (Basic)	0.08	-0.19	-0.03	0.90	0.23
EPS (Diluted)	0.08	-0.19	-0.03	0.90	0.23
EPS Growth	-	-	-	296.30%	-35.78%
Dividend Per Share	0.083	0.083	0.081	0.079	0.077
Dividend Growth	-	2.47%	2.53%	2.60%	1.32%
Operating Margin	71.98%	71.22%	76.46%	77.71%	77.50%
Profit Margin	37.11%	-85.19%	-12.57%	416.75%	116.49%
EBITDA	82.39	82.01	84.88	84.52	75.56
EBITDA Margin	72.17%	71.44%	76.53%	77.79%	77.58%
D&A For Ebitda	0.21	0.25	0.08	0.08	0.08
EBIT	82.18	81.76	84.8	84.44	75.48
EBIT Margin	71.98%	71.22%	76.46%	77.71%	77.50%
Funds From Operations (FFO)	-	-	51.55	55.72	-
Adjusted Funds From Operations (AFFO)	-	44.8	44.58	46.75	40.1
FFO Payout Ratio	-	-	77.37%	48.58%	-
Effective Tax Rate	16.86%	-	-	4.23%	16.39%
Revenue as Reported	-	-	-	517.15	176.05

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.