Q3 FY26 Dividend & Upgraded FY26 Guidance

propertyforindustry.co.nz


12 May 2026

NZX and media
announcement
Property for Industry
Limited (PFI)

Q3 FY26 DIVIDEND & UPGRADED FY26 GUIDANCE


Property for Industry Limited (
PFI
, the
Company
) is pleased to announce a third quarter dividend of 2.20 cents per
share (
cps
)
1

and to upgrade earlier dividend guidance for FY26 to ~9.50 cps.

Q3 FY26 Dividend
The PFI Board today resolved to pay a third quarter cash dividend of 2.20 cps. The dividend will have imputation
credits of 0.45 cps attached and a supplementary dividend of 0.20 cps will be paid to non-resident shareholders.
The record date for the dividend is 19 May 2026, and the payment date is 28 May 2026. The dividend reinvestment
scheme will not operate for this dividend.

FY26 Dividend Guidance Upgrade
On 24 February 2026, PFI guided to FY26 cash dividends of at least 9.05 cps. Based on current forecasts,
including current expectations of full year maintenance capex spend and tenant incentives granted, and subject to
events beyond the Company’s control, the PFI Board now expects to pay FY26 cash dividends of ~9.50 cps, an
expected increase of ~0.90 cps or ~10.5% on FY25 dividends. After normalising FY26 earnings for the early lease
surrender payment at the Company’s Harris Road property, cash dividends of ~9.50 cps are expected to result in a
dividend payout of ~90% of AFFO
2
on a rolling three-year historic average basis.

END

1
All dividend figures in this announcement have been rounded to two decimal places. For precise amounts, please refer to the Distribution
Notice attached to this announcement.
2
Adjusted Funds From Operations (AFFO) is a non-GAAP financial information and is a common property investor metric, which has been
calculated in accordance with the guidelines issued by the Property Council of Australia.
ABOUT PFI
PFI is an NZX listed industrial property specialist,
owning over 90 quality properties worth more than
$2 billion. Our well diversified portfolio is focused on
strategic locations that drive value and growth for
the industrial sector, for our tenants, and for our
investors. Since listing on the NZX in 1994, we’ve
built a strong track record of delivering consistent
returns. We invest for the long-term, combining our
capital and specialist industry capability to deliver
the successful outcomes all our stakeholders need.


CONTACT
SIMON WOODHAMS

Chief Executive Officer
—
+64 21 749 770
woodhams@pfi.co.nz
CRAIG PEIRCE

Chief Finance and
Operating Officer
—
+64 21 248 6301
peirce@pfi.co.nz
PROPERTY FOR
INDUSTRY LIMITED

—
Level 4, Hayman
Kronfeld Building,
15 Galway Street,
Auckland 1010
—
PO Box 1147,
Shortland Street,
Auckland 1140

---

Distribution Notice

Updated as at June 2023





Section 1: Issuer information
Name of issuer Property for Industry Limited
Financial product name/description Property for Industry Limited Ordinary Shares
NZX ticker code PFI
ISIN (If unknown, check on NZX
website)
NZPFIE0001S5
Type of distribution
(Please mark with an X in the
relevant box/es)
Full Year Quarterly X
Half Year Special
DRP applies
Record date 19 May 2026
Ex-Date (one business day before the
Record Date)
18 May 2026
Payment date (and allotment date for
DRP)
28 May 2026
Total monies associated with the
distribution
$11,052,339
Source of distribution (for example,
retained earnings)
Retained earnings
Currency NZD
Section 2: Distribution amounts per financial product
Gross distribution $0.02649447
Gross taxable amount $0.01605168
Total cash distribution $0.02200000
Excluded amount (applicable to listed
PIEs)
$0.01044279
Supplementary distribution amount $0.00203951
Section 3: Imputation credits and Resident Withholding Tax
Is the distribution imputed Fully imputed X
Partial imputation
No imputation
If fully or partially imputed, please
state imputation rate as % applied
28%
Imputation tax credits per financial
product
$0.00449447
Resident Withholding Tax per
financial product
N/A

Section 4: Distribution re-investment plan (if applicable)
DRP % discount (if any)
N/A
Start date and end date for
determining market price for DRP

Date strike price to be announced (if
not available at this time)

Specify source of financial products to
be issued under DRP programme
(new issue or to be bought on market)

DRP strike price per financial product

Last date to submit a participation
notice for this distribution in
accordance with DRP participation
terms

Section 5: Authority for this announcement
Name of person

authorised to make
this announcement
Craig Peirce
Contact person for this
announcement
Craig Peirce
Contact phone number +64 21 248 6301
Contact email address peirce@pfi.co.nz
Date of release through MAP

12 May 2026