Argosy Property Limited
Argosy Property Limited (APL or the Company) is an FMC Reporting Entity under the Financial Markets Conduct Act 2013 and the Financial Reporting Act 2013. APL is incorporated under the Companies Act 1993 and domiciled in New Zealand. The Company's principal activity is investment in properties which include Industrial, Office and Large Format Retail properties, predominantly in Auckland and Welli… Read more
Argosy Property Limited (IGPYF) - Net Assets
Latest net assets as of March 2025: $1.31 Billion USD
Based on the latest financial reports, Argosy Property Limited (IGPYF) has net assets worth $1.31 Billion USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.16 Billion) and total liabilities ($854.45 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.31 Billion |
| % of Total Assets | 60.48% |
| Annual Growth Rate | 8.27% |
| 5-Year Change | 2.12% |
| 10-Year Change | 61.37% |
| Growth Volatility | 29.61 |
Argosy Property Limited - Net Assets Trend (2004–2025)
This chart illustrates how Argosy Property Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Argosy Property Limited (2004–2025)
The table below shows the annual net assets of Argosy Property Limited from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $1.31 Billion | +6.81% |
| 2024-03-31 | $1.22 Billion | -8.33% |
| 2023-03-31 | $1.34 Billion | -9.27% |
| 2022-03-31 | $1.47 Billion | +14.95% |
| 2021-03-31 | $1.28 Billion | +19.04% |
| 2020-03-31 | $1.08 Billion | +6.62% |
| 2019-03-31 | $1.01 Billion | +8.86% |
| 2018-03-31 | $926.89 Million | +5.90% |
| 2017-03-31 | $875.22 Million | +8.00% |
| 2016-03-31 | $810.40 Million | +5.42% |
| 2015-03-31 | $768.73 Million | +3.95% |
| 2014-03-31 | $739.52 Million | +22.98% |
| 2013-03-31 | $601.34 Million | +23.11% |
| 2012-03-31 | $488.45 Million | -4.55% |
| 2011-03-31 | $511.73 Million | -0.66% |
| 2010-03-31 | $515.15 Million | -10.73% |
| 2009-03-31 | $577.08 Million | -17.62% |
| 2008-03-31 | $700.53 Million | -0.68% |
| 2007-03-31 | $705.30 Million | +14.71% |
| 2006-03-31 | $614.83 Million | +134.51% |
| 2005-03-31 | $262.18 Million | +6.26% |
| 2004-03-31 | $246.74 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Argosy Property Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 7050.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $477.34 Million | 36.50% |
| Common Stock | $829.90 Million | 63.46% |
| Other Comprehensive Income | $532.00K | 0.04% |
| Total Equity | $1.31 Billion | 100.00% |
Argosy Property Limited Competitors by Market Cap
The table below lists competitors of Argosy Property Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aoshikang Technology Co Ltd Class A
SHE:002913
|
$580.25 Million |
|
Beijing Jingcheng Machinery Electric Co Ltd
SHG:600860
|
$580.38 Million |
|
Dalian Dalicap Technology Co Ltd
SHE:301566
|
$580.50 Million |
|
Akfen Yenilenebilir Enerji A.S.
IS:AKFYE
|
$580.51 Million |
|
Rai Way SpA
LSE:0R40
|
$580.07 Million |
|
AVID BIOSERVICES DL-001
F:TEHP
|
$579.75 Million |
|
Tianjin Benefo Tejing Electric Co Ltd
SHG:600468
|
$579.34 Million |
|
Chengdu Spaceon Electronics Co Ltd Class A
SHE:002935
|
$579.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Argosy Property Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,224,374,000 to 1,307,775,000, a change of 83,401,000 (6.8%).
- Net income of 125,856,000 contributed positively to equity growth.
- Dividend payments of 47,558,000 reduced retained earnings.
- Other comprehensive income increased equity by 57,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $125.86 Million | +9.62% |
| Dividends Paid | $47.56 Million | -3.64% |
| Other Comprehensive Income | $57.00K | +0.0% |
| Other Changes | $5.05 Million | +0.39% |
| Total Change | $- | 6.81% |
Book Value vs Market Value Analysis
This analysis compares Argosy Property Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.44x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | $1.97 | $0.69 | x |
| 2005-03-31 | $1.08 | $0.69 | x |
| 2006-03-31 | $1.16 | $0.69 | x |
| 2007-03-31 | $1.29 | $0.69 | x |
| 2008-03-31 | $1.30 | $0.69 | x |
| 2009-03-31 | $1.10 | $0.69 | x |
| 2010-03-31 | $0.93 | $0.69 | x |
| 2011-03-31 | $0.93 | $0.69 | x |
| 2012-03-31 | $0.87 | $0.69 | x |
| 2013-03-31 | $1.03 | $0.69 | x |
| 2014-03-31 | $0.99 | $0.69 | x |
| 2015-03-31 | $0.97 | $0.69 | x |
| 2016-03-31 | $1.01 | $0.69 | x |
| 2017-03-31 | $1.07 | $0.69 | x |
| 2018-03-31 | $1.12 | $0.69 | x |
| 2019-03-31 | $1.22 | $0.69 | x |
| 2020-03-31 | $1.30 | $0.69 | x |
| 2021-03-31 | $1.54 | $0.69 | x |
| 2022-03-31 | $1.75 | $0.69 | x |
| 2023-03-31 | $1.58 | $0.69 | x |
| 2024-03-31 | $1.45 | $0.69 | x |
| 2025-03-31 | $1.54 | $0.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Argosy Property Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.62%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 80.82%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.65x
- Recent ROE (9.62%) is above the historical average (7.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 5.57% | 111.58% | 0.04x | 1.25x | $-10.94 Million |
| 2005 | 12.40% | 116.53% | 0.08x | 1.36x | $6.28 Million |
| 2006 | 14.87% | 115.96% | 0.09x | 1.49x | $29.93 Million |
| 2007 | 17.15% | 128.03% | 0.09x | 1.50x | $50.42 Million |
| 2008 | 10.24% | 69.41% | 0.09x | 1.73x | $1.70 Million |
| 2009 | -10.93% | -58.64% | 0.10x | 1.87x | $-120.80 Million |
| 2010 | -10.67% | -55.64% | 0.10x | 1.89x | $-104.09 Million |
| 2011 | 5.15% | 33.31% | 0.08x | 1.91x | $-24.84 Million |
| 2012 | 0.40% | 2.17% | 0.10x | 1.90x | $-46.90 Million |
| 2013 | 6.51% | 44.36% | 0.09x | 1.65x | $-20.98 Million |
| 2014 | 11.57% | 97.35% | 0.07x | 1.67x | $11.60 Million |
| 2015 | 8.37% | 55.58% | 0.09x | 1.71x | $-12.50 Million |
| 2016 | 9.74% | 64.56% | 0.09x | 1.70x | $-2.14 Million |
| 2017 | 11.93% | 83.55% | 0.09x | 1.67x | $16.85 Million |
| 2018 | 10.59% | 82.04% | 0.08x | 1.67x | $5.49 Million |
| 2019 | 13.25% | 106.20% | 0.08x | 1.66x | $32.77 Million |
| 2020 | 11.07% | 98.51% | 0.06x | 1.79x | $11.54 Million |
| 2021 | 18.87% | 183.89% | 0.06x | 1.68x | $113.59 Million |
| 2022 | 16.04% | 179.49% | 0.06x | 1.56x | $88.94 Million |
| 2023 | -6.05% | -55.93% | 0.07x | 1.66x | $-214.40 Million |
| 2024 | -4.51% | -36.09% | 0.07x | 1.69x | $-177.71 Million |
| 2025 | 9.62% | 80.82% | 0.07x | 1.65x | $-4.92 Million |
Industry Comparison
This section compares Argosy Property Limited's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $1,431,457,758
- Average return on equity (ROE) among peers: 3.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Argosy Property Limited (IGPYF) | $1.31 Billion | 5.57% | 0.65x | $580.19 Million |
| American Assets Trust Inc (AAT) | $189.17 Million | -3.71% | 4.13x | $997.50 Million |
| Armada Hflr Pr (AHH) | $-37.40 Million | 0.00% | 0.00x | $449.55 Million |
| Armada Hoffler Properties, Inc. (AHRT-PA) | $805.18 Million | 1.03% | 2.18x | $1.76 Billion |
| Precinct Properties New Zealand Limited (AOTUF) | $390.30 Million | 1.91% | 0.25x | $1.05 Billion |
| Artis REIT (ARESF) | $4.10 Million | 0.00% | 1.29x | $228.58 Million |
| Ascott Residence Trust (ATTRF) | $3.13 Billion | 4.71% | 0.70x | $1.70 Billion |
| Broadstone Net Lease Inc (BNL) | $1.28 Billion | 4.27% | 1.01x | $3.74 Billion |
| British Land Company Plc (BRLAF) | $4.11 Billion | 3.88% | 1.12x | $5.24 Billion |
| Icade SA (CDMGF) | $1.16 Billion | 6.10% | 1.97x | $700.47 Million |
| Charter Hall Long WALE REIT (CHLWF) | $3.28 Billion | 18.86% | 0.43x | $1.19 Billion |