Property For Industry Ltd.
Property For Industry Limited engages in the property investment and management business in New Zealand. The company invests in industrial properties located in North Harbour, Avondale, Penrose, Mount Wellington, Manukau, Mangere, East Tamaki, Wellington, and Christchurch. As of December 23, 2020, it operated a portfolio of 94 properties that are leased to 147 tenants. Property For Industry Limit… Read more
Property For Industry Ltd. (PYIYF) - Net Assets
Latest net assets as of June 2025: $1.42 Billion USD
Based on the latest financial reports, Property For Industry Ltd. (PYIYF) has net assets worth $1.42 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.19 Billion) and total liabilities ($762.59 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.42 Billion |
| % of Total Assets | 65.13% |
| Annual Growth Rate | 5.8% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 18.18 |
Property For Industry Ltd. - Net Assets Trend (2020–2024)
This chart illustrates how Property For Industry Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Property For Industry Ltd. (2020–2024)
The table below shows the annual net assets of Property For Industry Ltd. from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.42 Billion | +4.70% |
| 2023-12-31 | $1.36 Billion | -9.34% |
| 2022-12-31 | $1.50 Billion | -3.99% |
| 2021-12-31 | $1.56 Billion | +37.48% |
| 2020-12-31 | $1.14 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Property For Industry Ltd.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 50.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $850.03 Million | 59.68% |
| Other Components | $574.20 Million | 40.32% |
| Total Equity | $1.42 Billion | 100.00% |
Property For Industry Ltd. Competitors by Market Cap
The table below lists competitors of Property For Industry Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GRNVLT EN.REN.
F:000
|
$437.62 Million |
|
Cachet Pharmaceutical Co Ltd
SHE:002462
|
$437.62 Million |
|
Beijing Bewinner Communications Co Ltd
SHE:002148
|
$437.69 Million |
|
Huayi Compressor Co Ltd
SHE:000404
|
$437.73 Million |
|
Tanac Automation Co Ltd
SHE:300461
|
$437.53 Million |
|
Nel ASA
PINK:NLLSY
|
$437.45 Million |
|
Raubex Group Limited
F:B7P
|
$437.20 Million |
|
Raisio Oyj Series V
LSE:0CIJ
|
$437.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Property For Industry Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,360,269,000 to 1,424,234,000, a change of 63,965,000 (4.7%).
- Net income of 106,022,000 contributed positively to equity growth.
- Dividend payments of 41,686,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $106.02 Million | +7.44% |
| Dividends Paid | $41.69 Million | -2.93% |
| Other Changes | $-371.00K | -0.03% |
| Total Change | $- | 4.70% |
Book Value vs Market Value Analysis
This analysis compares Property For Industry Ltd.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.32x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $2.27 | $0.91 | x |
| 2021-12-31 | $3.09 | $0.91 | x |
| 2022-12-31 | $2.99 | $0.91 | x |
| 2023-12-31 | $2.71 | $0.91 | x |
| 2024-12-31 | $2.84 | $0.91 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Property For Industry Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.44%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 83.14%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.54x
- Recent ROE (7.44%) is below the historical average (7.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 9.98% | 118.04% | 0.06x | 1.48x | $-209.30K |
| 2021 | 28.98% | 418.16% | 0.05x | 1.42x | $296.54 Million |
| 2022 | -0.93% | -12.58% | 0.05x | 1.44x | $-163.98 Million |
| 2023 | -7.19% | -85.07% | 0.06x | 1.52x | $-233.82 Million |
| 2024 | 7.44% | 83.14% | 0.06x | 1.54x | $-36.40 Million |
Industry Comparison
This section compares Property For Industry Ltd.'s net assets metrics with peer companies in the REIT - Industrial industry.
Industry Context
- Industry: REIT - Industrial
- Average net assets among peers: $8,215,186,800
- Average return on equity (ROE) among peers: 8.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Property For Industry Ltd. (PYIYF) | $1.42 Billion | 9.98% | 0.54x | $437.61 Million |
| Ascendas Real Estate Investment Trust (ACDSF) | $10.31 Billion | 7.41% | 0.77x | $9.40 Billion |
| BWP Trust (BUNNF) | $2.84 Billion | 9.35% | 0.32x | $1.54 Billion |
| Big Yellow Group Plc (BYLOF) | $1.45 Billion | 18.24% | 0.27x | $2.16 Billion |
| Fibra Terrafina (CBAOF) | $24.78 Billion | 3.83% | 0.61x | $1.16 Billion |
| ESR-REIT (CGIUF) | $1.66 Billion | 0.37% | 0.95x | $119.59 Million |
| Americold Realty Trust (COLD) | $706.75 Million | 6.79% | 2.58x | $3.22 Billion |
| CubeSmart (CUBE) | $2.95 Billion | 13.24% | 1.16x | $8.79 Billion |
| FIBRA Macquarie México (DBMBF) | $36.33 Billion | 10.92% | 0.46x | $1.13 Billion |
| DHAWF (DHAWF) | $549.25 Million | 4.93% | 1.21x | $146.66 Million |
| Dream Industrial Real Estate Investment Trust (DREUF) | $570.82 Million | 14.71% | 1.79x | $2.10 Billion |