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:

June 8th Morning Report
RBNZ announces decision on use of the word "bank"
June 2nd Morning Report
IKE - FY26 Financial Results
Chorus submits 2025 fibre regulatory report
SPG - FY26 Annual Results
PYS - PaySauce FY26 Full Year Result and Annual Report
IFT - Infratil Full Year Results for the year ended 31 March 2026
May 27th Morning Report
RYM - FY26 marks significant year of progress