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Property
2 mins to read

PFI posts record profit on valuation gains and higher rent

The property company thinks many of its Auckland properties are still under-rented.

Andrew Bevin Mon, 17 Feb 2020

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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Andrew Bevin Mon, 17 Feb 2020
Contact the Writer: andrew@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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PFI profits despite development, fire damage
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Succession front and centre for Property for Industry

PFI posts record profit on valuation gains and higher rent
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