Infrastructure

Argosy's property income slips as portfolio's value rises

Jenny Ruth
Wed, 18 May 2022

Argosy's property income slips as portfolio's value rises
Argosy CEO Peter Mence sees another challenging year ahead. (Image: Argosy)
Jenny Ruth
Wed, 18 May 2022
Argosy Property's annual net property income fell a little but the bottom line was bolstered by a $163.7 million jump in the value of its properties.That capital gain compared with a $157.7m gain the previous year ended March 2021.The $236.2m bottom line for this year ended March was down from $241.7m the previous year, which was boosted by a $22m insurance payout and a $4.5m forfeited deposit from the failed sale of the Albany Lifestyle Centre.Adjusted funds from operations (Affo) fell to 5.73 cents per share from 7.26c but dividends rose...

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