ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Property For Industry's annualizedNet Income for the quarter that ended in Dec. 2025 was NZ$93.9 Mil.
Property For Industry's average Total Assets over the quarter that ended in Dec. 2025 was NZ$2,231.5 Mil. Therefore, Property For Industry's annualized ROA % for the quarter that ended in Dec. 2025 was 4.21%.
The historical rank and industry rank for Property For Industry's ROA % or its related term are showing as below:
NZSE:PFI'
s ROA % Range Over the Past 10 Years
Min: -4.63 Med: 7.3 Max: 23.2
Current: 5.66
During the past 13 years, Property For Industry's highest ROA % was 23.20%. The lowest was -4.63%. And the median was 7.30%.
NZSE:PFI's ROA % is ranked better than 71.13% of 942
companies
in the REITs industry
Industry Median: 3.2
vs NZSE:PFI: 5.66
Property For Industry (NZSE:PFI) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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.
For the REIT - Industrial subindustry, Property For Industry's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs REITs Industry
For the REITs industry and Real Estate sector, Property For Industry's ROA % distribution charts can be found below:
* The bar in red indicates where Property For Industry's ROA % falls into.
* 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Property For Industry (NZSE:PFI) has a ROA % of 4.21% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Property For Industry and its competitors. This is 42% below median its historical median of 7.30. According to the industry distribution chart, Property For Industry ranks #272 out of 942 companies in the REITs industry, placing it in the top 28.9%.
Is Property For Industry's ROA % too high?
Property For Industry's current ROA % of 4.21% is 42% below median its 10-year median of 7.30. The REITs industry median ROA % is 3.20. Property For Industry's value of 4.21% is 31.6% above this industry median. Based on the distribution chart, Property For Industry ranks #272 out of 942 companies in the REITs industry, which is above the industry midpoint. Overall, Property For Industry has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Property For Industry's ROA % compare to PLD and PSA?
According to the REITs industry distribution chart, Property For Industry ranks #272 out of 942 companies for ROA %. This puts Property For Industry in the upper half of its industry. The industry median ROA % is 3.20. Property For Industry's value of 4.21% is 31.6% above this benchmark. While the company's 10-year median is 7.30 vs. the industry median of 3.20, 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 ROA % for a REITs company?
The median ROA % among REITs companies is 3.20, based on 942 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Property For Industry's current ROA % of 4.21% is 31.6% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Property For Industry and its competitors. For the REITs industry, the median ROA % is 3.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Property For Industry's current ROA % is 4.21%, which is 42% below median its own 10-year median of 7.30. 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?
Based on GuruFocus' analysis, Property For Industry (NZSE:PFI) is currently considered Fairly Valued. The stock's GF Value™ is NZ$2.33, compared to a current price of NZ$2.42 — trading 3.9% above its estimated fair value. The current ROA % is 4.21%, which is 42% below median its 10-year median of 7.30 and 31.6% above the REITs industry median of 3.20. Property For Industry's overall GF Score™ is 81/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Property For Industry (NZSE:PFI), the current ROA % is 4.21% 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 (NZSE:PFI) Overvalued in 2026?
Based on GuruFocus' analysis, Property For Industry stock appears to be overvalued.
The current stock price of NZ$2.42 is trading 3.9% above its estimated GF Value™ of NZ$2.33.
GuruFocus considers Property For Industry to be Fairly Valued.
Key valuation signals for NZSE:PFI:
ROA %: 4.21% (42% below median its 10-year median of 7.30)
GF Value™: NZ$2.33 vs. price of NZ$2.42 (3.9% above fair value)
Industry Position: 31.6% above the REITs median (#272 of 942)
No single metric tells the full story. See the NZSE:PFI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
81GF Score
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