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ARG - Argosy Property profile

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

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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

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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 $102 $98 12
2019 $107 $134 16
2020 $101 $119 14
2021 $111 $241 29
2022 $113 $236 28
2023 $124 $223 -10
2024 $131 $167 -7

 

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B. Recent financial position summary:

  Total
assets
Total
Liabilities
Equity
ratio
fye March bln mln %
2018 $1.5 $618 60
2019 $1.7 $666 60
2020 $1.9 $854 56
2021 $2.2 $876 59
2022 $2.3 $819 64
2023 $2.2 $877 61
2024 $2.1 $845 59

 

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C. Recent cash flows and positions:

  Cash
inflows
Cash
outflows
Cash and equiv. 
at year end
fye March mln mln mln
2018 $62 $62 $1.3
2019 $67 $66 $2.2
2020 $141 $142 $1.9
2021 $88 $89 $1.8
2022 $104 $104 $1.7
2023 $139 $4 $2.1
2024 $156 ($80) $1.8

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D. Recent key ratio analysis:

  Earnings
per share
Price:Earnings
ratio
NTA/share Dividend
yield
fye March cents annual avg dollars annual avg %
2018 12 14 1.1 3.8
2019 16 12 1.2 3.2
2020 14 14 1.3 3.1
2021 29 10 1.5 2.3
2022 28 5 1.7 4.8
2023 0 0 1.6 6.0
2024 0 -16 1.5 6.8

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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.

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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=

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