Revenue: Net property income up 3.3% at $120.8 million
Revaluations: Up 6.4%, at $2.24 billion
Main takeaway: Company continues to recycle properties, with a focus on increasing its green-rated, industrial property portfolio.
Argosy’s recent asset recycling programme has padded out its capital position, prompting the firm to suspend its dividend reinvestment plan as a source of equity.
The plan, originally launched in 2015 to conserve cash, allowed shareholders to forgo cash dividends on shares in favour of acquiring
