Argosy Property (ARG) Stock Overview
Argosy Property Limited (APL or the Company) is an FMC Reporting Entity under the Financial Markets Conduct Act 2013 and the Financial Reporting Act 2013. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 1/6 |
| Financial Health | 2/6 |
| Dividends | 6/6 |
Rewards
Risk Analysis
ARG Community Fair Values
Create NarrativeSee what 11 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Argosy Property Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NZ$1.05 |
| 52 Week High | NZ$1.35 |
| 52 Week Low | NZ$1.04 |
| Beta | 0.36 |
| 1 Month Change | -2.78% |
| 3 Month Change | -7.08% |
| 1 Year Change | -0.94% |
| 3 Year Change | -3.67% |
| 5 Year Change | -33.12% |
| Change since IPO | 5.00% |
Recent News & Updates
Narrative Update • May 10
ARG: Slightly Higher Discount Rate Will Still Support Attractive Pricing
Analysts have trimmed their Argosy Property price target slightly from NZ$1.28 to NZ$1.27, reflecting updated assumptions around the discount rate, revenue expectations, profit margin and future P/E multiples. Valuation Changes Fair Value: NZ$1.28 has been adjusted slightly to NZ$1.27.Narrative Update • Apr 24
ARG: Slightly Higher Discount Rate Will Still Support Attractive Pricing
Analysts have kept their NZ$1.28 price target for Argosy Property broadly unchanged, with only very small adjustments to the discount rate and forward P/E assumptions reflected in the latest update. Valuation Changes Fair Value: The fair value of NZ$1.28 remains unchanged, indicating the latest inputs have not shifted the central valuation point.Recent updates
Narrative Update • May 10
ARG: Slightly Higher Discount Rate Will Still Support Attractive Pricing
Analysts have trimmed their Argosy Property price target slightly from NZ$1.28 to NZ$1.27, reflecting updated assumptions around the discount rate, revenue expectations, profit margin and future P/E multiples. Valuation Changes Fair Value: NZ$1.28 has been adjusted slightly to NZ$1.27.Narrative Update • Apr 24
ARG: Slightly Higher Discount Rate Will Still Support Attractive Pricing
Analysts have kept their NZ$1.28 price target for Argosy Property broadly unchanged, with only very small adjustments to the discount rate and forward P/E assumptions reflected in the latest update. Valuation Changes Fair Value: The fair value of NZ$1.28 remains unchanged, indicating the latest inputs have not shifted the central valuation point.Narrative Update • Apr 09
ARG: Current Pricing Will Look Attractive As Refined Assumptions Support Upside
Analysts have trimmed their price target for Argosy Property from NZ$1.28 to NZ$1.28, reflecting slightly higher discount rate assumptions, a softer revenue outlook, a lower profit margin, and a modestly higher future P/E multiple in their updated models. Valuation Changes Fair Value: Adjusted slightly from NZ$1.28 to NZ$1.28, with the revised model indicating NZ$1.2775.Narrative Update • Mar 25
ARG: Current Pricing Will Look Attractive As Refined Assumptions Support Upside
Analysts have kept their NZ$1.28 price target for Argosy Property broadly unchanged, with a slightly lower discount rate and a marginally adjusted future P/E supporting a steady view on valuation. Valuation Changes Fair Value: NZ$1.28 remains unchanged, indicating a steady central estimate for Argosy Property's valuation.Narrative Update • Mar 10
ARG: Current Pricing Will Look Attractive As Refined Assumptions Support Upside
Analysts have maintained their Argosy Property price target at NZ$1.28, supported by slightly adjusted assumptions around discount rates, revenue trends, margins and future P/E, which together refine but do not materially shift their overall view on valuation. Valuation Changes Fair Value: NZ$1.28 compared with the previous NZ$1.28, effectively unchanged at the current level.Narrative Update • Feb 24
ARG: Fair Outlook Will Persist As Minor Assumption Tweaks Support Current Pricing
Analysts have left their NZ$1.28 Argosy Property price target unchanged, with only small tweaks to assumptions such as the discount rate and future P/E. This signals that their overall view on the stock's valuation is steady for now.Narrative Update • Feb 10
ARG: Fair Outlook Will Persist As Small Assumption Shifts Support Current Pricing
Analysts have kept their price target for Argosy Property steady at $1.28, indicating that only very small adjustments have been made to assumptions for the discount rate, revenue growth, profit margin and future P/E, which together support this unchanged view. Valuation Changes Fair Value: The modelled fair value remains unchanged at NZ$1.28 per share.Narrative Update • Jan 27
ARG: Fair Outlook Will Persist As Assumption Tweaks Support Current Pricing
Analysts have trimmed their price target on Argosy Property by a small amount, reflecting a slightly higher discount rate and modest tweaks to revenue growth, profit margin and future P/E assumptions, while keeping fair value around $1.28. Valuation Changes Fair Value: Kept broadly unchanged at NZ$1.28 per share.Narrative Update • Jan 12
ARG: Fair Outlook Will Persist As Refined Assumptions Support Current Pricing
Analysts have maintained their Argosy Property fair value estimate at $1.28, making only minor adjustments to assumptions for discount rate, revenue growth, profit margin and future P/E to reflect updated modelling rather than a change in their overall view. Valuation Changes Fair Value: Fair value per share is unchanged at NZ$1.28, indicating the updated modelling has not altered the central valuation outcome.Narrative Update • Dec 19
ARG: Fair Outlook Will Persist As Slightly Higher Discount Rate Beds In
Analysts have trimmed their price target on Argosy Property by a modest amount to reflect slightly higher discount rate assumptions and only marginal tweaks to longer term growth and profitability forecasts. Valuation Changes Fair Value: unchanged at NZ$1.28 per share, indicating no revision to the intrinsic value estimate.Narrative Update • Dec 05
ARG: Fair Outlook Will Persist As Earnings Multiple Edges Higher
Analysts have nudged their price target for Argosy Property slightly higher to around $1.28 per share, reflecting modest adjustments to discount rate and forward earnings expectations while maintaining broadly unchanged views on growth and profitability. Valuation Changes Fair Value: Unchanged at approximately NZ$1.28 per share, indicating no material revision to intrinsic value estimates.Narrative Update • Nov 21
ARG: Fair Outlook Will Persist As Financial Metrics Remain Stable
Analysts have raised their price target for Argosy Property from $1.24 to $1.28, citing a reduced expected revenue decline and updated valuation assumptions. Valuation Changes Fair Value estimate has increased from NZ$1.24 to NZ$1.28.Narrative Update • Nov 06
ARG: Fair Outlook Will Persist As Financial Metrics Remain Stable
Analysts have reaffirmed their price target for Argosy Property at $1.24 per share. They are maintaining their outlook because updated assumptions on discount rates and earnings expectations yielded minimal impact on valuation.Narrative Update • Oct 23
Analysts Raise Argosy Property Price Target as Valuation Metrics See Modest Upward Revisions
Analysts have increased their price target for Argosy Property slightly, raising the estimate from $1.20 to $1.24. This change is due to minor adjustments to discount rate assumptions and updated forward valuation metrics.Narrative Update • Oct 09
Modern Sustainable Assets Will Strengthen Auckland And Wellington Leasing
Analysts have raised their price target for Argosy Property from $1.17 to $1.20. They cite modest improvements in fair value estimates and profit margin projections.New Narrative • May 13
Conversion To 6-Star Green Standards Will Boost Leasing Activity
Sustainability-focused upgrades yield higher rental rates and improved margins, with strong demand for green buildings enhancing revenue stability and tenant retention.Shareholder Returns
| ARG | NZ REITs | NZ Market | |
|---|---|---|---|
| 7D | -0.5% | 3.0% | -0.05% |
| 1Y | -0.9% | -12.6% | 3.5% |
Return vs Industry: ARG exceeded the NZ REITs industry which returned -13.9% over the past year.
Return vs Market: ARG underperformed the NZ Market which returned 2.8% over the past year.
Price Volatility
| ARG volatility | |
|---|---|
| ARG Average Weekly Movement | 2.7% |
| REITs Industry Average Movement | 3.5% |
| Market Average Movement | 4.1% |
| 10% most volatile stocks in NZ Market | 8.4% |
| 10% least volatile stocks in NZ Market | 2.8% |
Stable Share Price: ARG has not had significant price volatility in the past 3 months compared to the NZ market.
Volatility Over Time: ARG's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2002 | 35 | Peter Mence | www.argosy.co.nz |
Argosy Property Limited (APL or the Company) is an FMC Reporting Entity under the Financial Markets Conduct Act 2013 and the Financial Reporting Act 2013. APL is incorporated under the Companies Act 1993 and domiciled in New Zealand. The Company's principal activity is investment in properties which include Industrial, Office and Large Format Retail properties, predominantly in Auckland and Wellington.
Argosy Property Limited Fundamentals Summary
| ARG fundamental statistics | |
|---|---|
| Market cap | NZ$917.15m |
| Earnings (TTM) | NZ$127.73m |
| Revenue (TTM) | NZ$159.81m |
7.2x
P/E Ratio5.7x
P/S RatioIs ARG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ARG income statement (TTM) | |
|---|---|
| Revenue | NZ$159.81m |
| Cost of Revenue | NZ$39.03m |
| Gross Profit | NZ$120.77m |
| Other Expenses | -NZ$6.96m |
| Earnings | NZ$127.73m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.15 |
| Gross Margin | 75.57% |
| Net Profit Margin | 79.93% |
| Debt/Equity Ratio | 62.0% |
How did ARG perform over the long term?
See historical performance and comparisonDividends
6.3%
Current Dividend Yield61%
Payout RatioDoes ARG pay a reliable dividends?
See ARG dividend history and benchmarks| Argosy Property dividend dates | |
|---|---|
| Ex Dividend Date | Jun 09 2026 |
| Dividend Pay Date | Jun 24 2026 |
| Days until Ex dividend | 2 days |
| Days until Dividend pay date | 13 days |
Does ARG pay a reliable dividends?
See ARG dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/09 12:51 |
| End of Day Share Price | 2026/06/09 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Argosy Property Limited is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Joshua Dale | Deutsche Bank |
| Rohan Koreman-Smit | Forsyth Barr Group Ltd. |
| Arie Dekker | Jarden Limited |