In This Article:
Argosy Property (NZSE:ARG) Full Year 2024 Results
Key Financial Results
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Revenue: NZ$153.2m (up 6.0% from FY 2023).
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Net loss: NZ$55.3m (loss narrowed by 32% from FY 2023).
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NZ$0.065 loss per share (improved from NZ$0.095 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Argosy Property Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 66%.
Looking ahead, revenue is forecast to decline by 2.2% p.a. on average during the next 3 years, while revenues in the REITs industry in Oceania are expected to remain flat.
Performance of the market in New Zealand.
The company's shares are down 2.3% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Argosy Property (1 is a bit unpleasant!) that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.