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PFI valuations stabilise, spending headroom at $300m

Though changes to depreciation rules could see industrial property firm Property for Industry’s tax bill rise by about $2m per year.

PFI CEO Simon Woodhams.

A fair value loss of $4.2 million on its portfolio did little to dent Property for Industry’s results for its June reporting period, with profit after tax at $21.2m on rental income of $48.3m.

The NZX-listed industry property play, with a portfolio valued at $2.1 billion, said it had benefited

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Brent Melville Mon, 26 Aug 2024
Contact the Writer: bmelville@nbr.co.nz
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PFI valuations stabilise, spending headroom at $300m
Investment,
105533
true