Argosy Property Limited (NZE:ARG)

Argosy Property Income Statement

Financials in millions NZD. Fiscal year is April - March.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Rental Revenue	132.73	131.02	124.32	112.46	111.52
Tenant Reimbursements	23	22.14	20.21	19.11	19.89
Total Revenue	155.73	153.15	144.54	131.57	131.41
Revenue Growth (YoY	1.68%	5.96%	9.85%	0.12%	8.68%
Property Expenses	38.85	36.69	31.76	26.43	26.98
Selling, General & Administrative	11.41	11.57	10.79	11.81	10.87
Total Operating Expenses	50.26	48.26	42.55	38.24	37.84
Operating Income	105.47	104.89	101.98	93.33	93.57
Interest Expense	-40.21	-43.33	-29.12	-13.26	-32.74
Interest & Investment Income	0.26	0.32	0.13	0.02	0.05
Other Non-Operating Income	-	-	-	-	4.53
EBT Excluding Unusual Items	65.52	61.88	72.99	80.09	65.4
Gain (Loss) on Sale of Assets	-0.04	-0.99	-0.37	-2.56	1.95
Total Insurance Settlements	-	-	-	-	24.08
Asset Writedown	72.67	-111.69	-146.56	163.66	157.66
Other Unusual Items	-	-	3	-	-0.71
Pretax Income	138.14	-50.8	-70.94	241.19	248.38
Income Tax Expense	12.28	3.69	9.9	5.04	6.73
Net Income	125.86	-54.49	-80.83	236.15	241.65
Net Income to Common	125.86	-54.49	-80.83	236.15	241.65
Net Income Growth	-	-	-	-2.28%	102.86%
Basic Shares Outstanding	848	847	847	843	832
Diluted Shares Outstanding	848	847	847	843	832
Shares Change (YoY)	0.16%	0.05%	0.41%	1.31%	0.62%
EPS (Basic)	0.15	-0.06	-0.10	0.28	0.29
EPS (Diluted)	0.15	-0.06	-0.10	0.28	0.29
EPS Growth	-	-	-	-3.54%	101.62%
Dividend Per Share	0.067	0.067	0.067	0.066	0.065
Dividend Growth	-	-	1.53%	1.55%	1.57%
Operating Margin	67.73%	68.49%	70.56%	70.94%	71.20%
Profit Margin	80.82%	-35.58%	-55.93%	179.49%	183.89%
EBIT	105.47	104.89	101.98	93.33	93.57
EBIT Margin	67.73%	68.49%	70.56%	70.94%	71.20%
Funds From Operations (FFO)	57.94	59.61	66.95	69.4	72.86
Adjusted Funds From Operations (AFFO)	54.59	58.43	58.09	48.33	60.45
FFO Payout Ratio	82.08%	95.06%	84.51%	64.92%	51.07%
Effective Tax Rate	8.89%	-	-	2.09%	2.71%

Updated Nov 20, 2024. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.