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Argosy Property Limited (ARG) Stock Price & Analysis
ARG Stock Chart & Stats
- Day’s Range
- NZD 1.02 - NZD 1.04
- 52-Week Range
- NZD 0.98 - NZD 1.30
- Previous Close
- NZD 1.02
- Volume
- N/A
- Average Volume (3M)
- 543.29K
- Market Cap
- NZD 908.93M
- Enterprise Value
- NZD 1.87B
- Total Cash (Recent Filing)
- NZD 3.39M
- Total Debt (Recent Filing)
- NZD 895.21M
- Price to Earnings (P/E)
- 7.0
- Beta
- 0.60
- Next Earnings
- Nov 18, 2026 (Est.)
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- Sep 07, 2026
- Dividend Yield
- 6.74%
Bulls Say, Bears Say
Bulls Say
Improving Recurring Operating Income
Higher funds from operations and per-share results indicate improving underlying cash earnings from the property portfolio. If this progress continues, it can support sustainable distributions and provide greater capacity to reinvest in assets while strengthening income resilience.
Improved Financing Resilience
Moderate leverage combined with lower borrowing costs, stronger interest cover, and extensive fixed-rate protection improves financial resilience. These measures reduce exposure to refinancing and interest-rate volatility, helping preserve distributable cash flow through changing property-market conditions.
Long-term Sustainable Leasing
A long-dated industrial lease and higher occupancy provide greater visibility into future rental income. The combination of a 16-year commitment, a five-year portfolio lease term, and sustainable logistics assets supports tenant retention and makes earnings less dependent on frequent re-leasing.
Bears Say
Weak Free-cash-flow Conversion
The sharp decline in free cash flow shows that recent reported earnings are not translating proportionally into funds available for dividends, debt reduction, or investment. Persistently weak conversion would reduce financial flexibility and make distributable performance less dependable.
Vacancy And Lease Conversion Risk
Elevated vacancy and delayed lease commencement can suppress rental income and increase the time and cost required to convert space into productive assets. The Neilson Street timing particularly creates a prolonged earnings gap, while other vacancies leave results exposed to leasing execution.
Constrained Development Pipeline
Higher construction costs and constrained discretionary spending limit the company’s ability to expand or reposition its portfolio through development. A thinner pipeline may reduce future growth opportunities, delay asset enhancement benefits, and leave rental growth more reliant on existing properties.
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Company Description
Argosy Property Limited
Argosy Property Limited manages a substantial real estate portfolio within New Zealand. This portfolio consists of approximately 100 diverse properties, encompassing retail, industrial, and commercial sectors. A majority of these assets are strategically located in prominent New Zealand cities, namely Auckland, Hamilton, and Wellington. The firm, previously known as Argosy Property Trust, is headquartered in Auckland, New Zealand.
- Sector
- Realestate
- Industry
- REIT - Diversified
- CEO
- Peter Mence
- Employees
- 35
- Website
- www.argosy.co.nz
- Address
- 39 Market Place, Auckland, AUK, 1010, NZ
Argosy Property Limited (ARG) Earnings & Revenues
ARG Earnings Call
Earnings Call SentimentNeutral
The call presents a balanced picture: several positive financial outcomes (modest revenue and distributable income growth, improved interest costs and coverage, portfolio valuation gains, sustainability credentials and completed transactions) are tempered by meaningful headwinds—geopolitical uncertainty, higher vacancy and lease timing risk (notably Neilson Street), constrained development outlook due to anticipated construction cost inflation, and persistent dividend stagnation. Management has taken conservative actions (hedging, dividend policy change, DRP suspension, planned divestments) to shore up the balance sheet. Overall, positives and negatives are roughly balanced.
View all NZ:ARG earnings summariesTechnical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 13 | 2 | 6 |
| Technical Analysis | 3 | 2 | 4 |
| Moving Averages | 10 | 0 | 2 |





