Argosy Property posts net loss on back of unrealised property revaluation

Argosy Property posts net loss on back of unrealised property revaluation
Argosy Property chief executive Peter Mence. (Image: Argosy)
Riley Kennedy
Argosy Property saw a lift in net property income, but a 6.4% revaluation loss produced a net loss of $80.8 million in the year to March.The New Zealand stock exchange-listed landlord reported its annual results, recording a $146.6m annual unrealised revaluation loss, reducing the book value of its portfolio by 6.4%.However, Argosy’s net property income rose $7.6m, or 7.3%, to $112.8m compared with the prior period. The rise was bolstered by “solid like for like” rental growth, the contribution from its Maui St property, and d...

More Property

Getting to the bottom of CBD vacancies
Retail

Getting to the bottom of CBD vacancies

Hybrid working patterns are reportedly a factor in retail vacancy rates.

Convention centre subbies say fire not their fault
Property

Convention centre subbies say fire not their fault

Millions at stake in the Fletcher v subbies trial.

Listed property firms welcome ‘Investment Boost'
Property

Listed property firms welcome ‘Investment Boost'

The tax policy could translate into millions in extra cash.

Gregor Thompson 04 Jul 2025