Property for Industry Ltd 2023 AR2
The report highlights Property for Industry Limited's (PFI) performance for the year ended December 31, 2023, during which the company transitioned to an in-house facilities management model to enhance tenant service and sustainability efforts. PFI launched its Green Finance Framework, establishing $150 million in Green Loan tranches to fund key brownfield developments targeting 5 Green Star ratings, including projects at Bowden Road and Springs Road. Despite a portfolio write-down of $140.8 million due to market conditions, the company maintained stable cash returns with a dividend of 8.30 cents per share. Additionally, PFI achieved an 86% staff engagement score and successfully completed its first solar installation at Niall Burgess Road.
Company: Property for Industry Ltd
Sector: Real estate
Country: New Zealand
Year: 2023
Type: AR2
Pages: 106
Property for Industry Ltd
The report highlights Property for Industry Limited's (PFI) performance for the year ended December 31, 2023, during which the company transitioned to an in-house facilities management model to enhance tenant service and sustainability efforts. PFI launched its Green Finance Framework, establishing $150 million in Green Loan tranches to fund key brownfield developments targeting 5 Green Star ratings, including projects at Bowden Road and Springs Road. Despite a portfolio write-down of $140.8 million due to market conditions, the company maintained stable cash returns with a dividend of 8.30 cents per share. Additionally, PFI achieved an 86% staff engagement score and successfully completed its first solar installation at Niall Burgess Road.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Women on Board
Women in Management
Employees