Argosy Property Ltd (NZSE:ARG)
NZ$ 1.085 -0.02 (-1.81%) Market Cap: 919.18 Mil Enterprise Value: 1.70 Bil PE Ratio: 0 PB Ratio: 0.76 GF Score: 70/100

Full Year 2019 Argosy Property Ltd Earnings Call Transcript

May 22, 2019 / 10:00PM GMT
Release Date Price: NZ$1.38 (+0.73%)
Operator

Thank you for standing by, and welcome to the Argosy Property 2019 Annual Results Conference Call. (Operator Instructions)

I would now like to hand the conference over to Mr. Peter Mence, CEO. Please go ahead.

Peter Mence
Argosy Property Limited - CEO

Well, good morning, and thanks for joining us for the results presentation. As has become normal, we'll just touch on some highlights, talk about some adjustments to strategy. Dave Fraser will take us through the financials, and we will cover off leasing and a brief comment looking ahead.

So we're actually pretty pleased with the highlights from the result. Obviously, a good shareholder return. 35-plus is good. Net distributable income, solid increase there. Good valuation gain across the year. We got that green bond issue away during the year, which has gone very well. And for us, that's a great, demonstrates good congruity between what we're doing in the business and how we fund it. A very good weighted average lease term and the full year dividend slightly up. So we're pretty happy with that

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