Property For Industry (FRA:PWJ) Days Payable: 172.75 (As of Dec. 2025) — 173% Above Median


FRA:PWJ Property For Industry Ltd FRA:PWJ
79 GF Score
Price €1.14
GF Value €1.10
! 8 Warning Signs
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What is Property For Industry Days Payable?

Property For Industry FRA:PWJ +1.60% 79 Days Payable is 172.75 as of Dec. 2025, which is 173% above its 10-year median of 63.39. GuruFocus rates FRA:PWJ with a GF Score™ of 79/100 and a GF Value™ of €1.10. The stock has 8 warning signs investors should review. Among 548 REITs companies, Property For Industry ranks better than 71.72% on this metric.

Property For Industry's average Accounts Payable for the six months ended in Dec. 2025 was €5.49 Mil. Property For Industry's Cost of Goods Sold for the six months ended in Dec. 2025 was €5.80 Mil. Hence, Property For Industry's Days Payable for the six months ended in Dec. 2025 was 172.75.

The historical rank and industry rank for Property For Industry's Days Payable or its related term are showing as below:

FRA:PWJ' s Days Payable Range Over the Past 10 Years
Min: 27.83   Med: 63.39   Max: 230.09
Current: 230.09

During the past 13 years, Property For Industry's highest Days Payable was 230.09. The lowest was 27.83. And the median was 63.39.

FRA:PWJ's Days Payable is ranked better than
71.72% of 548 companies
in the REITs industry
Industry Median: 119.45 vs FRA:PWJ: 230.09

Property For Industry's Days Payable declined from Dec. 2024 (178.41) to Dec. 2025 (172.75). It may suggest that Property For Industry accelerated paying its suppliers.


Property For Industry Days Payable Historical Data

* Premium members only.

The historical data trend for Property For Industry's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Property For Industry Days Payable Chart

Property For Industry Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Jun25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.59 27.53 51.03 115.98 124.73

Property For Industry Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 181.78 105.18 178.41 207.64 172.75

FRA:PWJ vs PLD, PSA, EXR: Days Payable Comparison

For the REIT - Industrial subindustry, Property For Industry's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Property For Industry Days Payable vs REITs Industry

For the REITs industry and Real Estate sector, Property For Industry's Days Payable distribution charts can be found below:

* The bar in red indicates where Property For Industry's Days Payable falls into.


FRA:PWJ
79GF Score
Property For Industry Ltd FRA:PWJ
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Property For Industry Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Property For Industry's Days Payable for the fiscal year that ended in Jun. 2025 is calculated as

Days Payable (A: Jun. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2023 ) + Accounts Payable (A: Jun. 2025 )) / count ) / Cost of Goods Sold (A: Jun. 2025 )*Days in Period
=( (6.212 + 1.581) / 2 ) / 11.402*365
=3.8965 / 11.402*365
=124.73

Property For Industry's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (1.581 + 9.401) / 2 ) / 5.801*365 / 2
=5.491 / 5.801*365 / 2
=172.75

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 172.75 mean?
Property For Industry (FRA:PWJ) has a Days Payable of 172.75 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Property For Industry and its competitors. This is 173% above median its historical median of 63.39. Over the past decade, Property For Industry's Days Payable has ranged from 27.83 to 230.09. According to the industry distribution chart, Property For Industry ranks #155 out of 548 companies in the REITs industry, placing it in the top 28.3%.
Is Property For Industry's Days Payable too high?
Property For Industry's current Days Payable of 172.75 is 173% above median its 10-year median of 63.39. Over the past 10 years, this metric has ranged from a low of 27.83 to a high of 230.09. The REITs industry median Days Payable is 119.45. Property For Industry's value of 172.75 is 44.6% above this industry median. Based on the distribution chart, Property For Industry ranks #155 out of 548 companies in the REITs industry, which is above the industry midpoint. Overall, Property For Industry has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Property For Industry's Days Payable compare to PLD and PSA?
According to the REITs industry distribution chart, Property For Industry ranks #155 out of 548 companies for Days Payable. This puts Property For Industry in the upper half of its industry. The industry median Days Payable is 119.45. Property For Industry's value of 172.75 is 44.6% above this benchmark. Historically, Property For Industry's own Days Payable has ranged from 27.83 to 230.09 over the past decade. While the company's 10-year median is 63.39 vs. the industry median of 119.45, Property For Industry has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a REITs company?
The median Days Payable among REITs companies is 119.45, based on 548 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Property For Industry's current Days Payable of 172.75 is 44.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Property For Industry and its competitors. For the REITs industry, the median Days Payable is 119.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Property For Industry's current Days Payable is 172.75, which is 173% above median its own 10-year median of 63.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Property For Industry stock overvalued right now?
Property For Industry (FRA:PWJ) has a current Days Payable of 172.75. The stock's GF Value™ is €1.10, compared to a current price of €1.14 — trading 3.8% above its estimated fair value. The current Days Payable is 172.75, which is 173% above median its 10-year median of 63.39 and 44.6% above the REITs industry median of 119.45. Property For Industry's overall GF Score™ is 79/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Property For Industry (FRA:PWJ), the current Days Payable is 172.75 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Property For Industry (FRA:PWJ) Overvalued in 2026?

Based on GuruFocus' analysis, Property For Industry stock appears to be overvalued. The current stock price of €1.14 is trading 3.8% above its estimated GF Value™ of €1.10.

Key valuation signals for FRA:PWJ:

  • Days Payable: 172.75 (173% above median its 10-year median of 63.39)
  • GF Value™: €1.10 vs. price of €1.14 (3.8% above fair value)
  • GF Score™: 79/100 with 8 warning signs
  • Industry Position: 44.6% above the REITs median (#155 of 548)

No single metric tells the full story. See the FRA:PWJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Property For Industry Business Description

Industry Real EstateREITs
Other Exchanges PFI:New Zealand
Address 15 Galway Street, Level 4, Hayman Kronfeld Building, Auckland, NZL, 1010
Property For Industry Ltd is a New Zealand-based industrial property investment company. The company's portfolio is predominantly composed of industrial properties. Its investment properties are solely located in New Zealand, with the majority in Auckland and the remaining in other New Zealand cities. Its tenants encompass large enterprises such as Fisher and Paykel Appliances, Fletcher Building Products, Brambles, and Cottonsoft, among others. Rental and management fee income represents nearly all of its operating revenue.
79GF Score

Get the complete analysis for FRA:PWJ

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.14
Price
€1.10
GF Value