Argosy Property Reports First Half 2023 Earnings

Argosy Property (NZSE:ARG) First Half 2023 Results

Key Financial Results

• Revenue: NZ$69.9m (up 5.5% from 1H 2022).
• Funds from operations (FFO): NZ$34.3m (down 6.8% from 1H 2022).
• FFO margin: 49% (down from 56% in 1H 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Argosy Property Earnings Insights

Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 3 years, while revenues in the REITs industry in New Zealand are expected to remain flat.

Performance of the New Zealander REITs industry.

The company's shares are down 1.7% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Argosy Property you should be aware of, and 1 of them is potentially serious.

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