PFI upgrades FY25 dividend guidance, introduces FY26 outlook

Property for Industry (PFI) has declared a third-quarter dividend of NZD 2.101 cents per share (cps) and upgraded its FY25 dividend guidance to NZD 8.60 cps, following an upward revision of its Adjusted Funds From Operations (AFFO). The company previously guided to NZD 8.50 cps for FY25. Looking ahead, PFI introduces its FY26 dividend guidance, anticipating a range between NZD 8.80 and NZD 8.90 cps, representing a 2.3% to 3.5% increase over the expected FY25 dividend. The Q3 dividend, with a record date of 16 May 2025 and a payment date of 27 May 2025, will include imputation credits of NZD 0.42 cps attached and a supplementary dividend of NZD 0.19 cps for non-resident shareholders. The dividend reinvestment scheme will not be in operation for this dividend.