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

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
The business born battling Vector connection contracts
Property

The business born battling Vector connection contracts

'Pretty on the nose': Developers challenge Vector's hefty fees.

Garth Bray 04 Jul 2025
Formcrete Construction owes $7.4m as liquidation unfolds
Property

Formcrete Construction owes $7.4m as liquidation unfolds

A large chunk of the debt is shareholder loans.

Riley Kennedy 03 Jul 2025