Argosy Property Management

Management criteria checks 2/4

Argosy Property's CEO is Peter Mence, appointed in Jan 2009, has a tenure of 15.25 years. directly owns 0.14% of the company’s shares, worth NZ$1.33M. The average tenure of the management team and the board of directors is 11.8 years and 5.3 years respectively.

Key information

Peter Mence

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	15.3yrs
CEO ownership	0.1%
Management average tenure	11.8yrs
Board average tenure	5.3yrs

Recent management updates

Recent updates

Argosy Property Limited's (NZSE:ARG) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?

Mar 20

CEO

Peter Mence

15.3yrs

Tenure

Mr. Peter Mence serves as the Chief Executive Officer of Argosy Property Limited. Mr. Mence served as a General Manager of ING Property Trust Management Limited-Manager for ING Property. Mr. Mence is worki...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Peter Mence	Chief Executive Officer	15.3yrs	no data	0.14% NZ$ 1.3m
David Fraser	Chief Financial Officer	12.6yrs	no data	0.071% NZ$ 682.1k
Stephen Freundlich	Head of Corporate Communications & Investor Relations	2.3yrs	no data	no data
David Snelling	General Counsel & Company Secretary	12.4yrs	no data	no data
Marilyn Storey	Head of Development	no data	no data	no data
Saatyesh Bhana	Head of Sustainability	4yrs	no data	no data
Andrew Eagles	Chief Executive Officer of NZGBC	no data	no data	no data
Anna Hamill	Financial Controller	11.3yrs	no data	no data

11.8yrs

Average Tenure

Experienced Management: ARG's management team is seasoned and experienced (11.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Pohio	Independent Director	5.2yrs	NZ$107.50k	0.0059% NZ$ 56.5k
Chris Gudgeon	Independent Director	5.4yrs	NZ$104.50k	0.0021% NZ$ 20.5k
Martin Stearne	Independent Director	4.1yrs	NZ$110.50k	0.044% NZ$ 417.3k
Stuart McLauchlan	Independent Director	5.7yrs	NZ$118.50k	0.0061% NZ$ 58.1k
Jeff Morrison	Independent Chairman	10.8yrs	NZ$184.50k	0.18% NZ$ 1.8m
Rachel Winder	Independent Director	4.7yrs	NZ$102.50k	0.0016% NZ$ 15.8k

5.3yrs

Average Tenure

Experienced Board: ARG's board of directors are considered experienced (5.3 years average tenure).

Argosy Property Management

Management criteria checks 2/4

Key information

Recent management updates

Argosy Property Limited, Annual General Meeting, Jun 18, 2024

Chief Executive Officer exercised options to buy NZ$316k worth of stock.

Insufficient new directors

Chief Financial Officer recently bought NZ$120k worth of stock

Chief Executive Officer exercised options to buy NZ$136k worth of stock.

Independent Chairman recently sold NZ$243k worth of stock

Recent updates

Argosy Property Limited, Annual General Meeting, Jun 18, 2024

Upcoming dividend of NZ$0.017 per share

Dividend of NZ$0.017 announced

First half 2024 earnings released: FFO per share: NZ$0.04 (vs NZ$0.041 in 1H 2023)

Argosy Property Limited to Report First Half, 2024 Results on Nov 29, 2023

Upcoming dividend of NZ$0.017 per share at 5.7% yield

Upcoming dividend of NZ$0.017 per share at 5.9% yield

Chief Executive Officer exercised options to buy NZ$316k worth of stock.

Full year 2023 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 44%

Insufficient new directors

Upcoming dividend of NZ$0.017 per share at 5.7% yield

Upcoming dividend of NZ$0.017 per share

First half 2023 earnings released: EPS: NZ$0.013 (vs NZ$0.15 in 1H 2022)

Argosy Property Limited Reiterates Dividend Guidance for the Full Year

Argosy Property Limited to Report First Half, 2023 Results on Nov 22, 2022

Upcoming dividend of NZ$0.018 per share

Chief Financial Officer recently bought NZ$120k worth of stock

Consensus forecasts updated

Price target decreased to NZ$1.32

Upcoming dividend of NZ$0.017 per share

Chief Executive Officer exercised options to buy NZ$136k worth of stock.

Now 21% undervalued after recent price drop

Price target decreased to NZ$1.36

Argosy Property Limited Provides Dividend Guidance for the Full Year 2023

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Argosy Property Limited (NZSE:ARG) acquired 100 Maui Street for NZD 33.1 million.

Argosy Property Limited to Report Fiscal Year 2022 Results on May 19, 2022

Upcoming dividend of NZ$0.017 per share

Upcoming dividend of NZ$0.017 per share

Upcoming dividend of NZ$0.017 per share

First half 2022 earnings: EPS and revenues exceed analyst expectations

Independent Chairman recently sold NZ$243k worth of stock

Upcoming dividend of NZ$0.017 per share

Upcoming dividend of NZ$0.016 per share

Chief Executive Officer exercised options to buy NZ$310k worth of stock.

Full year 2021 earnings released: EPS NZ$0.29 (vs NZ$0.14 in FY 2020)

Argosy Property Limited Declares Cash Dividend for the Fourth Quarter Ended March 31, 2021, Payable on June 23, 2021

Argosy Property Limited's (NZSE:ARG) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?

An unknown buyer agreed to acquire Albany Lifestyle Centre from Argosy Property Limited (NZSE:ARG) for NZD 87.5 million.

New 90-day high: NZ$1.59

Price target raised to NZ$1.45

Analysts increase EPS estimates to NZ$0.16

New 90-day high: NZ$1.48

Argosy Property Limited to Report First Half, 2021 Results on Nov 26, 2020

Argosy Property Limited (NZSE:ARG) agreed to acquire Mt Richmond Industrial Properties in Auckland for NZD 76 million.

New 90-day high: NZ$1.41

An unknown buyer acquired 960 Great South Road located at Penrose in Auckland and the Corner of Wakefield and Taranaki Street in Wellington from Argosy Property Limited (NZSE:ARG) for NZD 33.5 million.

New 90-day high - NZ$1.31

A private domestic investor acquired Property at 180-202 Hutt Road, Kaiwharawhara in Wellington from Argosy Property Limited (NZSE:ARG) for NZD 23.5 million.

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure