PFI expands Cardinal Freight holding

Property For Industry has reported a tax-paid surplus of $7.516 million for the nine months to September 30, up 2.8% on the previous corresponding period.

Rental income increased 9.2% from the same period last year largely on the back of new acquisitions and projects, but interest costs also increased.

The record date for the third quarter dividend of 1.3c a share is today.

PFI also announced this week it is to add a further 5571sq m of warehouse, canopy and office space to its Cardinal Freight Distribution site in East Tamaki at a cost of $3.7 million.

PFI has bought an adjoining site for the expansion to the existing 7096sq m premises and renegotiated a 12-year lease for the two sites.

- Campbell McIlroy

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Devon Funds Morning Note - 29 September 2026
HGH publishes Annual Report, Climate Statement, AGM date
HLG Full Year Results for the period ending 1 August 2026
SKC - Issue of LTI Restricted Share Rights
NZX - BNP Paribas accredited as NZX Participant
September 29th Morning Report
GEN - GENERAL CAPITAL (NZX: GEN)
AFT - Maxigesic IV Licensed for Japan
BIT - Net Asset Values as at 24 September 2026
TEM - Transaction in Own Shares