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An update from Argosy Property Limited ( (NZ:ARG) ) is now available.
Argosy Property reported net property income of $120.8 million for the year to 31 March 2026, up 3.3%, and a net profit after tax of $127.7 million, supported by a $58.5 million revaluation gain and strong rental growth. Occupancy held at 94.6%, NTA per share rose to $1.60, gearing remained within its 30–40% target band, and a full-year dividend of 6.65 cents per share was confirmed.
The company advanced its sustainability-led strategy with completion of the 6 Green Star-rated 224 Neilson Street development and progress at Mt Richmond, lifting its green portfolio to 39% by market value and reinforcing tenant demand for energy-efficient assets. Argosy also refined its capital management by divesting assets to reduce debt, suspending its Dividend Reinvestment Plan, shifting its dividend policy to an FFO-based payout range of 80–95%, and outlining an orderly leadership transition, including the planned departure of CEO Peter Mence by 2027 and the future succession of the board chair.
More about Argosy Property Limited
Argosy Property Limited is a New Zealand listed real estate investment company focused on a diversified portfolio of industrial, office and large format retail assets, with a strategic emphasis on Auckland and an industrial weighting of 60–70%. The company is actively repositioning its portfolio towards sustainable, green-certified buildings, targeting at least 50% green assets by market value by 2031.
Average Trading Volume: 801,661
Technical Sentiment Signal: Buy
Current Market Cap: N$934.6M
See more insights into ARG stock on TipRanks’ Stock Analysis page.