First Quarter Dividend and Portfolio Update

NZX and media
announcement
—
8 May | 2018






FIRST QUARTER DIVIDEND AND PORTFOLIO
UPDATE

NZX listed industrial property landlord Property for Industry Limited (PFI, or the Company) today
announced a first quarter cash dividend of 1.8000 cents per share and provided an updated on recent
portfolio activity.

First Quarter Dividend

The PFI Board has today resolved to pay a first quarter cash dividend of 1.8000 cents per share, up
from 1.7500 cents per share in the prior year. The dividend will have imputation credits of 0.4343 cents
per share attached and a supplementary dividend of 0.1971 cents per share will be paid to non-resident
shareholders. The record date for the dividend is 22 May 2018 and the payment date is 31 May 2018.
The dividend reinvestment scheme will not operate for this dividend.

Portfolio Activity

Favourable industrial property market conditions have prevailed since PFI’s annual results
announcement in February. As reported at the Company’s annual meeting today, approximately 43,000
square metres of space or six percent of the portfolio has been leased to 7 tenants during the four
months from 1 January 2018, with an average lease term of 8.2 years.

Included in these totals was the retention of Nestle for 1,700 square metres at PFI’s Carlaw Park property
in Parnell. A 15-year lease to Kiwi Steel at the Company’s development at 212A Cavendish Drive in
Manukau was also secured.

PFI General Manager Simon Woodhams noted: “Leasing at Carlaw Park and attracting a tenant to our
speculative development in Manukau are key priorities for us this year, so we are pleased to be able to
report progress on both fronts so early on in the year.”

ENDS

NZX and media
announcement
—
8 May | 2018






ABOUT PFI & CONTACT

PFI is New Zealand’s only listed Company specialising in industrial property. PFI’s nationwide portfolio of 92 properties is leased
to 148 tenants.

For further information please contact:

SIMON WOODHAMS CRAIG PEIRCE
General Manager Chief Financial Officer and Company Secretary
--- ---
Phone: +64 9 303 9652 Phone: +64 9 303 9651
Email: woodhams@propertyforindustry.co.nz Email: peirce@propertyforindustry.co.nz
---
Property for Industry Limited
Shed 24, Prince’s Wharf, 147 Quay Street, Auckland 1010
PO Box 1147, Shortland Street, Auckland 1140
—
www.propertyforindustry.co.nz

Attachment
NZX Appendix 7 – 3ME 31 March 2018

---

APPENDIX 7 – NZSX Listing Rules
Number of pages including this one
(Please provide any other relevant
NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10. details on additional pages)
For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required.
Full name
of Issuer
Name of officer authorised to
Authority for event,
make this notice
e.g. Directors' resolution
Contact phone
Contact fax
numbernumberDate
Nature of event
BonusIf ticked,Rights Issue
Tick as appropriateIssuestate whether:Taxable/ Non TaxableConversionInterestRenouncable
Rights IssueCapitalCallDividend
If ticked, stateFull
non-renouncable
change
X
whether:
Interim
X
YearSpecialDRP Applies
EXISTING securities affected by this
If more than one security is affected by the event, use a separate form.
Description of theISIN
class of securities
If unknown, contact NZX
Details of securities issued pursuant to this eventIf more than one class of security is to be issued, use a separate form for each class.
Description of theISIN
class of securities
If unknown, contact NZX
Number of Securities toMinimum
Ratio, e.g
be issued following eventEntitlement
1 for 2 for
Conversion, Maturity, Call
Treatment of Fractions
Payable or Exercise Date
Tick if
provide an
pari passu
ORexplanation
Strike price per security for any issue in lieu or date
of the
Strike Price available.
ranking
Monies Associated with Event
Dividend payable, Call payable, Exercise price, Conversion price, Redemption price, Application money.
Source of
Amount per securityPayment
(does not include any excluded income)
Excluded income per security
(only applicable to listed PIEs)
SupplementaryAmount per security
Currencydividendin dollars and cents
details -
NZSX Listing Rule 7.12.7
Total monies
TaxationAmount per Security in Dollars and cents to six decimal places
In the case of a taxable bonusResident
Imputation Credits
issue state strike priceWithholding Tax(Give details)
Foreign
FWP Credits
Withholding Tax(Give details)
Timing
(Refer Appendix 8 in the NZSX Listing Rules)
Record Date 5pmApplication Date
For calculation of entitlements -Also, Call Payable, Dividend /
Interest Payable, Exercise Date,
Conversion Date.
Notice DateAllotment Date
Entitlement letters, call notices,For the issue of new securities.
conversion notices mailedMust be within 5 business days
of application closing date.
OFFICE USE ONLY
Ex Date:
Commence Quoting Rights:Security Code:
Cease Quoting Rights 5pm:
Commence Quoting New Securities:Security Code:
Cease Quoting Old Security 5pm:
22 May, 201831 May, 2018
$0.018000
Date Payable
31 May, 2018
$0.004343
In dollars and cents
Retained earnings
$0.011168
$0.006832
$NZ$0.001971
Enter N/A if not
applicable
Ordinary SharesNZPFIE0001S5
EMAIL: announce@nzx.com
Notice of event affecting securities
1
Property for Industry Limited
Craig PeirceDirectors' Resolution
+ 64 21 248 6301+ 64 9 303 96578052018