1. New Zealand Stocks

  2. •

    Real Estate

  3. •

    REIT - Diversified
Argosy Property Limited

Argosy Property Limited

ARG.NZ
Argosy Property LimitedNZ flagNew Zealand Exchange
1.06
NZD
- -
- -
922.04MMarket Cap
Argosy Property Limited
ARG.NZ
(New Zealand Exchange)

Recent

price

1.06

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
FRC
0.14
0.16
0.15
0.12
0.15
0.15
0.15
0.15
0.15
0.15
0.16
0.16
0.17
0.18
0.18
0.19
Revenue per Share
0.05
- -
0.07
0.11
0.08
0.1
0.13
0.12
0.16
0.14
0.29
0.28
-0.1
-0.07
0.15
0.15
Basic EPS, GAAP
- -
- -
-0.11
-0.21
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-0.06
Free Cash Flow per Basic Share
0.06
0.05
0.05
0.05
0.05
0.05
0.05
0.06
0.06
0.06
0.04
0.05
0.07
0.07
0.06
0.04
Dividend per Share
0.95
0.89
1.02
0.99
0.97
1.01
1.07
1.12
1.22
1.3
1.54
1.75
1.58
1.44
1.54
1.62
Book Value per Share
0.93
0.87
1.02
0.99
0.97
1.01
1.07
1.12
1.22
1.3
1.54
1.75
1.58
1.45
1.54
1.62
Tangible Book Value per Share
549
559
592
747
796
806
817
825
827
827
832
843
847
847
848
863
Basic Weighted Avg Shares
79
90
88
88
116
122
125
120
126
121
131
132
145
153
156
160
Sales/Revenue/Turnover
63.59
39.46
72.48
65.76
71.7
73.15
73.18
71.32
70.62
70.91
71.2
70.94
63.92
62.38
63.6
63.33
Operating Margin (%)
1
6
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
10
9
6
8
Depreciation Expense
26
2
39
86
64
79
104
98
134
119
242
236
-81
-55
126
128
Net Income, GAAP
7.08
- -
- -
13.41
6.1
5.57
13.32
10.19
6.69
3.82
2.71
2.09
- -
- -
8.89
9.02
Effective Tax Rate (%)
33.31
2.17
44.36
97.35
55.58
64.56
83.55
82.04
106.2
98.51
183.89
179.49
-55.93
-36.09
80.82
79.93
Profit Margin (%)
10
14
4
-19
-7
-8
3
11
-16
69
78
3
-10
30
-113
-65
Working Capital
411
382
326
448
495
502
529
553
594
771
796
737
800
778
696
795
LT Debt
512
488
601
740
769
810
875
927
1,009
1,076
1,281
1,472
1,336
1,224
1,308
1,398
Total Equity
4.25
- -
- -
4.73
6.36
6.55
5.83
5.31
5.38
4.78
4.64
4.26
- -
- -
4.39
4.18
Return on Invested Capital (%)
5.48
- -
- -
10.14
7.3
8.19
9.34
8.4
10.14
8.07
13.64
12.1
- -
- -
7.89
7.49
Return on Capital (%)
5.1
0.38
7.11
12.7
8.52
9.99
12.39
10.9
13.81
11.43
20.52
17.17
-5.76
-4.32
9.94
9.45
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.95%
2.21%
6.87%
Free Cash Flow
- -
- -
1,720.97%
Net Income, GAAP
-33.98%
-98.87%
1.49%
Sales/Revenue/Turnover
2.82%
4.05%
2.62%
Total Cash Common Dividend
1.84%
2.42%
-18.66%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
153
2025
- -
- -
- -
- -
156
2026
- -
- -
- -
- -
160

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
-0.07
2025
- -
- -
- -
- -
0.15
2026
- -
- -
- -
- -
0.15

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.07
2025
- -
- -
- -
- -
0.06
2026
- -
- -
- -
- -
0.04
Similar Companies
Intervest Offices & Warehouses (INTO.BR)
Wotso (WOT.AX)
Abacus Property Group (ABP.AX)
Land Securities Group plc (LDSCY)
Aims Property Securities Fund (APW.AX)
Urbana Property Fund (leasehold) (URBNPF.BK)
Business
Argosy Property Limited (NZX: ARG) is a New Zealand-based real estate investment company that owns and actively manages a diversified portfolio of approximately 50 industrial, office, and large format retail properties valued at $2.0 billion as of January 2025. The company's core holdings include logistics warehouses, distribution centers, and corporate facilities in the industrial segment; multi-level office buildings housing government departments and local and international businesses in the office segment; and bulk retail stores, convenience centers, and entertainment venues in the retail segment, with properties such as 224 Neilson Street in Onehunga, Mt Richmond in Mt Wellington, Albany Mega Centre, 101 and 105 Carlton Gore Road in Newmarket, and 8 Willis Street in Wellington. Predominantly focused on Auckland (70% of portfolio) and Wellington (27%), with additional regional exposure, Argosy targets high-quality, sustainable assets including multiple Green Star-rated developments featuring low-carbon concrete, solar PV arrays, rainwater harvesting, and energy-efficient systems. Founded in 2002 and headquartered at 39 Market Place in Auckland, the company listed on the NZX in December 2002, employs 35 staff under CEO Peter Mence, and maintains a weighted average lease term of 5.0 years with 96.2% occupancy. In recent years, Argosy has pursued a value-add strategy through key industrial acquisitions including 224 Neilson Street in January 2020 and Mt Richmond in March 2021, totaling 14 hectares in Penrose and Mt Wellington; ongoing developments at these sites target 6 Green Star ratings with leasing to tenants like Bascik Transport (12-year term) and Viatris Limited (10-year term), aiming to elevate industrial weighting from 52% to 58% by 2027/28 inclusive of disposals; the 8 Willis Street/Stewart Dawsons Corner redevelopment earned a Highly Commended award from the World Green Building Council in November 2024 and multiple local accolades; and in October 2024, sustainability expert Alex Cutler joined the board as a new director.