PFI raises dividend guidance on NZ$3.5m lease surrender

Property for Industry secured an early lease surrender at its 92-98 Harris Road property, generating approximately NZ$3.5 million after-tax benefit to FY26 Adjusted Funds From Operations.

This prompted PFI to raise its FY26 cash dividend guidance to at least 8.90 cps, an increase of at least 3.5% on FY25 guidance. The site will undergo significant industrial redevelopment.