Listed industrial property investor Property For Industry yesterday posted a larger nine-month profit and said it was increasing its dividend payment.
A buoyant property market, high occupancy rates, rising rents and acquisitions boosted PFI's net profit for the nine months to September 30 by 4.5 per cent on the same period a year ago to $10.2 million.
Rentals for the nine-month period rose 10 per cent to $19.62 million.
The company will pay a third-quarter dividend of 1.55c a share plus imputation credits of 0.35c.
PFI boosts dividend
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