This is a basic profile of an NZX50 listed company. It is not investment advice. We recommend you contact a qualified adviser if you need more information.
Argosy Property
Directory
| NZX code: | ARG |
| Short name: | Argosy Property |
| Legal name: | Argosy Property Limited |
| Industry sector: | Real Estate investment |
| NZX50 rank: | 28 of 50 |
| Head office address: | 39 Market Place, Auckland Central, Auckland 1010 |
| Chairman: | Jeff Morrison |
| Chief executive: | Peter Mence |
| Financial year ended: | March |
| Locations: | New Zealand |
| Auditor: | Deloitte |
| Bankers: | ANZ, BNZ, HSBC, CBA, Westpac NZ |
Argosy Property
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Financial statement history
A. Recent trading and performance summary:
| Total revenue |
NPAT | Earnings per share |
|
| fye March | mln | mln | cents |
| 2018 | $101.7 | $98 | 11.9 |
| 2019 | $106.8 | $134 | 16.2 |
| 2020 | $100.8 | $119 | 14.4 |
| 2021 | $111.5 | $241 | 29.0 |
| 2022 | $112.5 | $236 | 28.0 |
| 2023 | $124.3 | $223 | (9.55) |
B. Recent financial position summary:
| Total assets |
Total Liabilities |
Equity ratio |
|
| fye March | bln | bln | % |
| 2018 | $1.54 | $0.62 | 59.7 |
| 2019 | $1.68 | $0.67 | 60.1 |
| 2020 | $1.93 | $0.85 | 56.0 |
| 2021 | $2.16 | $0.88 | 59.3 |
| 2022 | $2.29 | $0.82 | 64.2 |
| 2023 | $2.21 | $0.87 | 60.6 |
C. Recent cash flows and positions:
| Cash inflows |
Cash outflows |
Cash and equiv. at year end |
|
| fye March | mln | mln | mln |
| 2018 | $62.3 | $62.0 | $1.27 |
| 2019 | $66.9 | $66.0 | $2.19 |
| 2020 | $141.3 | $141.6 | $1.86 |
| 2021 | $88.4 | $88.5 | $1.76 |
| 2022 | $104.0 | $104.1 | $1.66 |
| 2023 | $138.7 | $4.1 | $2.06 |
D. Recent key ratio analysis:
| Earnings per share |
Price:Earnings ratio |
NTA/share | Dividend yield |
|
| fye March | cents | annual avg | dollars | annual avg % |
| 2018 | 11.9 | 13.8 | 1.12 | 3.78 |
| 2019 | 16.2 | 12.0 | 1.22 | 3.23 |
| 2020 | 14.4 | 14.0 | 1.30 | 3.14 |
| 2021 | 29.0 | 9.7 | 1.54 | 2.30 |
| 2022 | 28.0 | 4.9 | 1.74 | 4.75 |
| 2023 | (0.1) | 0.0 | 1.57 | 6.04 |
Description of trading activities
Argosy Property is a New Zealand property investment company. They own a portfolio of quality industrial, office and retail properties. Argosy currently has a total over 150 tenants, 54 different properties, and a $2.1 billion dollar portfolio.
CEO profile
Peter Mence is the Chief Executive Officer of Argosy Property. An engineer by background and has over 40 years of experience in the property industry. Mence is a fellow of the property institute and is a past lecturer in Advanced Property Management at the University of Auckland. Mence is also a past President of the Property Council of New Zealand, currently a Trustee of Saint Andrews Village, and the New Zealand Sailing Trust. In 2013, Mence was honoured with the Stuart McIntosh award in recognition of his contribution to the University of Auckland.
Chairman profile
Jeff Morrison has 40 years of experience as a Property lawyer, 29 of them as a Partner for Russell McVeagh, now practicing on his own account. Mr Morrison is a trustee of the Spirit of Adventure and other Charitable trusts and holds many different private company directorships. Morrison is a qualified lawyer with a Bachelor of Laws degree from The University of Auckland. Morrison is also a member of the Institution of Directors in New Zealand.
Links:
| Company website: | https://www.argosy.co.nz/ |
| Investor information: | https://www.argosy.co.nz/investor-centre/ |
| NZX listing: | https://www.nzx.com/companies/ARG |
| Annual reports: | https://www.argosy.co.nz/document-library/?type=2&date= |