Argosy Property Limited has reported its results for the six months to 30 September 2022 with net property income of $55.0 million, up 3.6%, net distributable income of $32.9 million (flat on pcp) and Adjusted Funds From Operations (AFFO) of $32.0 million, up 25.7%.
The company reported a modest $23.5 million revaluation loss resulting in a decrease in NTA per share to $1.72 from $1.74 at 31 March 2022.
The company has maintained its FY23 dividend guidance of 6.65 cents per share, a 1.5% increase on the prior year.
Chairman Jeff Morrison said the company has continued to build on the foundations laid in prior years and is well placed to deliver attractive long term returns to shareholders.
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