Argosy lifts distributable earnings as portfolio quality improves

Wed, 24 May 2017

By Rebecca Howard May 25 (BusinessDesk) -- Argosy Property lifted distributable earnings 4.6 percent as it continued to lift the quality of its portfolio through the divestment of lower quality, non-core assets and after benefiting from the surrender of a lease agreement. Distributable profit, the preferred measure for property investors which strips out unrealised movements in the value of their portfolio, rose to $54.3 million, or 6.64 cents per share, in the 12 months ended March 31, from $51.2 million, or 6.35 cents, a year earlier,...

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