2025 Retail Roadshow Presentation

23 May -16 June 2025
FY25 Retail Roadshow:

Argosy Property Ltd.
Agenda
Results Summary4
Portfolio5
Development Update10
Financials15
Leasing & Sector Commentary23
Focus and Outlook29
Appendices34
Note: Due to rounding, numbers presented in this
presentation may not add up exactly to the totals
provided and percentages may not reflect exactly
absolute figures.
2
Argosy Property Limited

Argosy Property Ltd.
“We continue to receive good enquiry for
green properties, with their vibrant and
engaging environments, which reinforces
our overall strategic direction.”
Peter Mence, CEO
3
Argosy Property Limited

Argosy Property Limited
Results Summary
Net property income up 0.4%Revaluation gain to 31 March
NTA per share, up 5.6%Net Distributable Income
Dividend for FY25
$116.9m$72.7m
$1.53
$55.8m
6.65cps
4
Argosy Property Limited
Gearing within the target 30-40% band
35.7%

Argosy Property Limited
Portfolio Highlights
OccupancyWeighted Average Lease Term
Tenant retention rateGovernment sector rental incomeWeighting to Auckland Industrial
96.5%5.1yrs
86%33.2%46.7%
5
Argosy Property Limited
Annualised growth on rent reviews
3.5%

Argosy Property Limited
Portfolio at a glance
6
1.Large format retail.
Sector by value %Region by value %Asset mix by value %
53
37
10
Industrial (60-70%)Office (20-30%)LFR (5-15%)
71
26
3
Auckland (70-80%)Wellington (15-25%)Regional (0-10%)
80
13
7
Core (75-90%)Value AddDivest
1
Targets:

Argosy Property Limited
7
Portfolio snapshot
Note: Due to rounding, numbers presented in
this presentation may not add up exactly to
the totals provided and percentages may not
reflect exactly absolute figures.
35.9
31.1
35.1
36.5
35.7
0
10
20
30
40
FY21FY22FY23FY24FY25
Debt-to-total-assets (%)
99.0
98.7
99.3
96.7
96.5
0
20
40
60
80
100
FY21FY22FY23FY24FY25
Occupancy (%)
1.53
1.74
1.58
1.45
1.53
0.00
0.50
1.00
1.50
2.00
FY21FY22FY23FY24FY25
Net Tangible Assets ($ per share)
5.5
5.7
5.4
5.2
5.1
0.0
1.0
2.0
3.0
4.0
5.0
6.0
FY21FY22FY23FY24FY25
WALT (years)

Argosy Property Limited
Revaluations
MARKET RENTALS UP
•Independent valuations as at 31 March
were completed on all properties.
•$72.7m gain reported, or 3.6% revaluation
gain to book value.
•Growth in market rentals. Any impact of
firming cap rates yet to come.
•The portfolio is under rented by 11%
(Auckland Industrial under rented by 18%).
6.35%
Weighted average portfolio cap rate
8
1.Book Value excludes September 2024 revaluation gain/loss.
Note: Due to rounding, numbers presented in this presentation may not add up exactly to the totals provided and percentages
may not reflect exactly absolute figures.
31 Mar 25
Book Value
($m)
31 Mar 25
Valuation

($m)

$m

%
Mar 25
Cap rate
%
Mar 24
Cap rate
%
Auckland1,429.31,494.164.84.5%6.27%6.31%
Wellington550.7557.87.11.3%6.55%6.49%
North Island Regional & South Island56.457.20.81.4%6.86%6.86%
Total2,036.4 2,109.1 72.73.6%6.35%6.37%
31 Mar 25
Book Value
($m)
31 Mar 25
Valuation

($m)

$m

%
Mar 25
Cap rate
%
Mar 24
Cap rate
%
Industrial1,068.31,128.960.65.7%6.21%6.26%
Office771.4775.54.10.5%6.50%6.45%
Large Format Retail196.7204.78.04.0%6.59%6.67%
Total2,036.4 2,109.1 72.73.6%6.35%6.37%

Argosy Property Limited
Award winning green developments
9
8 Willis Street & Steward Dawsons Corner, Wellington
Owner/developer: Argosy Property
8 Willis Street & Steward Dawsons Corner, Wellington
Owner/developer: Argosy Property
8 Willis Street & Steward Dawsons Corner, Wellington
Owner/developer: Argosy Property
Stantec Building, 105 Carlton Gore Road was named a Gold Winner in the CARTERS Commercial Project category at the 2025 New Zealand
Commercial Project Awards. This recognition celebratesexcellence in workmanship, construction practices and innovation.

Argosy Property Limited
224 Neilson Street Development
10
NABERSNZ energy rating
being targeted
5 Star
of warehouse/office/canopy
leased to Bascik Transport
6,557m
2
value on completion
$110m
Green Built Design rating
achieved on completed space
(Warehouse B)
6 Star
Argosy Property Limited
15,300m
2
on track for completion in
September 2025
$11.1m
development margin

Argosy Property Limited
8-14 Mt Richmond Drive Development (3 stages)
Stage 1 leased to Viatris Limited on
a 10-year lease, completion
expected April 2026
will be added across two buildings
in Stage 2
forecast IRR on completionprofit on land to date
will be added across two buildings
in Stage 3
6,633m
2
9,500m2
9.4%$13m
39,000m2
11
Argosy Property Limited
$44m
expected total capital gain

Argosy Property Limited
12
291 East Tamaki Road
LOCATION AND SITE AREA
•This prime industrial site at 291 East Tamaki Road, East
Tamaki is situated at the southern end of the East
Tamaki Industrial Precinct, approximately 2 kms from
the SH1 motorway. It boasts a North Westerly aspect
and is a prime redevelopment opportunity.
•The total site area is 4.6 hectares.
•Demand for current buildings better than expected,
reinforcing strong location.
•Ultimate development of 28,760 sqm

Argosy Property Limited
29 East Tamaki Road
13
potential buildings
on site
4
hectares site area
4.6
initial holding return
5%
purchase price plus $4 million
in further capex
$56m
Argosy Property Limited
September 2025
expected settlement date
Strong
interest in the site

Argosy Property Limited
Value Add & Green Developments
GREEN ASSETS FILL DEVELOPMENT
PIPELINE
•Value Add properties are a key strategic pillar and will
transform the portfolio over the next decade.
•224 Neilson Street development underway with first
stage completed and leased. The second stage is
underway with projected delivery of September 2025.
•Mt Richmond green industrial estate will be completed
in three stages. Stage one has commenced with a
target completion date of April 2026, while stage two is
planned for completion in 2027/28.
•291 East Tamaki Road, which will be acquired in
August 2025, will be developed to the same high 6
Green Star Built standard.
~$272m
Value Add properties with potential to
deliver earnings and capital growth
PropertySectorLocation
Valuation @
31 Mar 25
224 Neilson Street, OnehungaUnderwayIndustrialAuckland89.2
8-14 Mt Richmond Drive, Mt WellingtonUnderwayIndustrialAuckland103.0
32 Bell Avenue, Mt WellingtonFutureIndustrialAuckland18.7
90-104 Springs Road, East TamakiFutureIndustrialAuckland10.2
133 Roscommon Road, WiriFutureIndustrialAuckland14.0
15 Unity Drive, AlbanyFutureIndustrialAuckland8.1
101 Carlton Gore Road, NewmarketFutureOfficeAuckland29.0
TOTAL $m 272.2
% of portfolio
12.9%
14
291 East Tamaki RoadFutureIndustrialAuckland60.0*
* $56.0m purchase price plus $4m in further capital expenditure.

Argosy Property Limited
Financials
15

Argosy Property Limited
Gross Property Income Waterfall
RENT REVIEWS UP ANNUALISED 3.5%
16
131.0
3.4
(1.1)
2.3
(2.9)
132.7
-
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
Gross Property Income
31 March 2024
Rent ReviewsVacancy/
Leasing Up/
Others
DevelopmentsDisposalsGross Property Income
31 March 2025
Rental income $m
Like for like rental growth of 1.8%
Note: Due to rounding, numbers presented in this presentation may not add up exactly
to the totals provided and percentages may not reflect exactly absolute figures

Argosy Property Limited
Financial Performance
PERFORMANCE SLIGHTY UP ON PRIOR
COMPARABLE PERIOD
•Net property income and EBIT were slightly
up on the prior comparable period.
•Interest expense was lower, mainly due to
lower rates and higher capitalised interest.
$116.9m
NPI up 0.4% on the prior
comparable period
17
FY25
$m
FY24
(Restated)
$m
Net property income116.9116.5
Administration expenses(11.4)(11.6)
Profit before financial income/(expenses), other gains/(losses) and tax105.5104.9
Net interest expense(41.3)(43.7)
Gain/(loss) on derivatives1.4 0.6
Other gains/(losses)
Revaluation gains/(losses) on investment property72.7 (111.7)
Realised gains/(losses) on disposal of investment property(0.0)(1.0)
Profit/(loss) before income tax attributable to shareholders138.1 (50.8)
Taxation expense(12.3)(3.7)
Profit/(loss) and total comprehensive income/(loss) after tax125.9 (54.5)
Earnings per share (cents)14.83 (6.43)
Note: Due to rounding, numbers presented in this presentation may not add up exactly to the totals provided and percentages
may not reflect exactly absolute figures.

Argosy Property Limited
Distributable Income
SOUND RESULT
•Gross distributable income for the year was
$64.1m, up 4.7% on the prior comparable
period.
•Net distributable income was flat on the
prior comparable period.
•Taxation expense was higher than the prior
comparable period, primarily due to
incremental tax expense of $2.8m following
the Government’s removal of the tax
deduction for depreciation on buildings.
$55.8m
Net distributable income
18
FY25FY24
$m$m
Profit before income tax138.1 (50.8)
Adjustments:
Revaluation (gains)/losses on investment property(72.7)111.7
Realised losses/(gains) on disposal0.0 1.0
Derivative fair value (gain)/loss(1.4)(0.6)
Gross distributable income64.161.2
Depreciation recovered on disposals- 1.0
Current tax expense(8.3)(6.3)
Net distributable income55.855.8
Weighted average number of ordinary shares (m)848.5847.1
Gross distributable income per share (cents)7.567.23
Net distributable income per share (cents)6.586.58
Note: Due to rounding, numbers presented in this presentation may not add up exactly to the totals provided and percentages
may not reflect exactly absolute figures.

Argosy Property Limited
Adjusted Funds From Operations (AFFO)
HIGHER TAXATION AND MAINTENANCE
CAPEX IMPACTS AFFO
•AFFO 6.43cps compared to 6.90 in prior
comparable period, mainly due to higher
taxation, lower amortisation and higher
net maintenance capex.
103%
AFFO dividend payout ratio
19
FY25FY24
$m$m
Net distributable income55.855.8
Amortisation of tenant incentives and leasing costs2.1 3.5
Share based payment expense0.1 0.3
Funds from operations (FFO)57.959.6
Capitalisation of tenant incentives and leasing costs(1.4)(1.3)
Maintenance capital expenditure(2.1)(2.1)
Maintenance capital expenditure recovered through sale0.2 2.3
Adjusted funds from operations (AFFO)54.658.4
Weighted average number of ordinary shares (m)848.5847.1
FFO cents per share 6.837.04
AFFO cents per share 6.436.90
Dividends paid/payable in relation to period6.656.65
Dividend payout ratio to FFO97%94%
Dividend payout ratio to AFFO103%96%
Note: Due to rounding, numbers presented in this presentation may not add up exactly to the totals provided and percentages
may not reflect exactly absolute figures.

Argosy Property Limited
Investment Property Waterfall
POSITIVE REVALUATION GAIN
20
(1)
2,014
63
73 2,149
(40)
2,109
1,400
1,600
1,800
2,000
2,200
2,400
Balance at
1 April 2024
Capitalised costsChange in fair valueChange in capitalised
leasing costs &
incentives
Balance 31 March
2025
Right of use assetBalance 31 March
2025 (excluding right
of use asset)
Investment Properties ($m)
Note: Due to rounding, numbers presented in this presentation may not add up exactly
to the totals provided and percentages may not reflect exactly absolute figures

Argosy Property Limited
Balance Sheet Management
GEARING AT THE MID-RANGE OF
TARGET BAND
•The balance sheet is in good shape.
•8 Forge Way settled in March 2025
for $35m.
•At 31 March a further $147m (across
7 properties) regarded as non Core.
35.7%
Debt-to-total-assets ratio comfortably
within the target band of 30-40%
21
1.Excludes capitalised borrowing costs.
2.Excludes Right of Use Asset at 39 Market Place of $39.8 million.
FY25FY24
$m$m
Investment properties2,148.9 2,013.8
Asset held for sale- 35.2
Other assets13.3 20.0
Total assets2,162.2 2,069.0
Right of Use Asset(39.8)(40.0)
Total assets (net of Right of Use Asset)2,122.4 2,029.0
Fixed Rate Green Bonds325.0 325.0
Bank debt
1
433.3 415.6
Total Bank Debt & Bond Funding758.3 740.6
Debt-to-total-assets ratio
2
35.7%36.5%
Note: Due to rounding, numbers presented in this presentation may not add up exactly to the totals provided and percentages may
not reflect exactly absolute figures.

Argosy Property Limited
Dividends
STEADY DIVIDEND
•A 4
th
quarter dividend of 1.6625 cents per
share has been declared with 0.2180 cents
per share imputation credits attached.
•Overseas investors will receive an additional
supplementary dividend of 0.0989 cents per
share to offset non-resident withholding tax.
•Dividend Reinvestment Plan is still open.
6.65c
FY26 dividend guidance in
line with prior year
22
6.03
6.10
6.20
6.28
6.35
6.45
6.55
6.656.656.656.65
5.00
5.20
5.40
5.60
5.80
6.00
6.20
6.40
6.60
6.80
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
guidance
Dividend cps

Argosy Property Limited
Leasing & sector
commentary
23

Argosy Property Limited
Leasing Outcomes
of NLA leased to 31 MarchNew lease to Steel E.D. & Patton Limited
at 39 Randwick Road, Wellington
New lease to Booths Logistics for
3 years at 32 Bell Avenue
New lease to JD Sports Fashions NZ
Pty Limited at Albany Mega Centre
Rent reviews over the period,
annualised rental growth of 3.5%
57,100m
2
12yr
8,790m
2
7yr105
24
Argosy Property Limited
Leases executed, 22 new leases,
24 renewals and 8 extensions
54

Argosy Property Limited
Lease Expiry & Rent Review Profile
LEASE EXPIRY PROFILE IS WELL
MANAGED
•Largest single expiry remains MBIE in 2027.
•Average annual expiry over the next two
years (FY26 and FY27) is ~10.1%.
5.3%
Percentage of leases in FY26 expiring
25
5.3%
14.9%
18.0%
8.1%
11.2%
6.0%
10.5%
4.7%
0.6%
7.3%
9.9%
3.5%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
VacantMar-26Mar-27Mar-28Mar-29Mar-30Mar-31Mar-32Mar-33Mar-34Mar-35Mar-36 +
Percentage of portfolio (by income)
Year ending
Largest single expiry
Largest expiries:
FY26 - New Zealand Post Limited at 7 Waterloo Quay
FY27 - Ministry of Business, Innovation and Employment at 15 Stout Street
FY28 - General Distributors Limited at 80-120 Favona Road

Argosy Property Limited
Market Insights
•As economic conditions improve, the imbalance between supply
and net absorption (demand) will correct.
•Limited land supply in Auckland and Wellington continues
pressure on land values, with prime sites holding their value.
•Prime rent levels maintained while reviews continue to show
growth in well specified and well located assets.
•Vacancy remains low, and focused in secondary and sublease
space.
INDUSTRIAL
•Flexible working environments continue but working from home
and full-time remote work continue to decline.
•Central Government goal of returning staff to the office is a
positive development.
•Many firms are looking to increase unassigned seating (hot
desking) while also seeking more collaborative spaces.
•The building environment is increasingly in focus, as employers
try to get more staff back to the office.
•Projected demand for green buildings will exceed supply.
•End of trip facilities now a must have.
•Serviced office/meeting room facilities in increasing demand.
OFFICE
•National retail sales are decreased over the past year.
•Discretionary lines showing a significant drop in sales.
•Retail surveys indicate confidence is improving.
•Large Format Retail continues to receive solid demand in prime
locations.
•Retailers consolidating to a fewer number of locations.
LARGE FORMAT RETAIL
26

Argosy Property Limited
Argosy Historical Dividend Yield
27
Gross yield spread vs 10 year bond
Source: Forsyth Barr
Price to NTA spread

Argosy Property Limited
Argosy Historical Dividend Yield
28
Dividend yield
0%
2%
4%
6%
8%
10%
12%
0.00
0.40
0.80
1.20
1.60
FY14FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Gross dividend yield
Share price and volatility
Share price volatilityShare price at the end of the yearGross dividend yield (33% taxpayer)
Share price volatility: Indicates the degree of fluctuation in the share price over time.
Higher values represent greater price swings.

Argosy Property Limited
Focus and outlook
29

Argosy Property Limited
Outlook
STAYING FOCUSED ON ACHIEVING STRONG OPERATIONAL RESULTS AND EXECUTING
ON STRATEGIC GOALS
•The domestic economy is expected to gradually improve, although there is some volatility at present.
•Highly restrictive interest rates are easing.
•Lower supply and improving demand across the market, with tenants focused on prime locations and
sustainable initiatives, is positive for Argosy.
•The strong bottoms up fundamentals of the Industrial sector will continue to underpin growth
•Argosy is well placed, with a sound capital position to continue transforming towards a green &
environmentally sustainable business.
•The key focus areas for 2025/26 are to:
1.Address existing vacancy and key expiries;
2.Progress existing green developments at Neilson Street and Mt Richmond;
3.Achieve Green Star & NABERSNZ certifications;
4.Divest non Core assets and reinvest proceeds;
5.Position the business for the future; and
6.Complete acquisition of 291 East Tamaki Road and commence master planning for future development.
30

Argosy Property Limited
Sustainable Office Buildings Demand and Supply
(Jones Lang LaSalle April 2025)
THE SUPPLY-DEMAND IMBALANCE OF SUSTAINABLE OFFICE BUILDINGS IN NEW ZEALAND
Demand and Supply Analysis
•Demand: High demand for sustainable office spaces, especially among professional and financial services firms.
•Supply: Only 7.4% of buildings have Green Star certifications, indicating a supply shortage.
•Imbalance: Significant excess demand for sustainable buildings in major cities like Auckland, Wellington, and Christchurch.
Opportunities for Retrofitting
•Older Buildings: There is a significant opportunity to retrofit older buildings to meet sustainability standards. This can increase the value and
attractiveness of these properties.
•Competitive Edge: By investing in sustainable upgrades, landlords can gain a competitive edge in the market, attracting tenants who
prioritise sustainability.
Increased Demand
•Higher Occupancy Rates: Sustainable buildings are in high demand, which can lead to higher occupancy rates and potentially higher rental
income.
•Premium Rents: Tenants may be willing to pay premium rents for sustainable office spaces, providing landlords with better returns on their
investments.
31

Argosy Property Limited
Sustainable Office Buildings Demand and Supply
THE SUPPLY-DEMAND IMBALANCE OF SUSTAINABLE OFFICE BUILDINGS IN NEW ZEALAND
Market Positioning
•Brand Image: Landlords who prioritize sustainability can enhance their brand image and reputation in the market.
•Tenant Retention: Sustainable buildings can improve tenant satisfaction and retention, reducing turnover and associated costs.
32

Argosy Property Limited
Questions
33

Argosy Property Limited
Appendices
34

Argosy Property Limited
Net Tangible Assets
35
1.45
0.06
0.08
(0.06)
1.53
1.00
1.10
1.20
1.30
1.40
1.50
1.60
1.70
NTA at
31 March 2024
Profit for the yearRevaluations/
Others
Dividends paidNTA at
31 March 2025
NTA per share ($)
Note: Due to rounding, numbers presented in this presentation may not add up exactly
to the totals provided and percentages may not reflect exactly absolute figures

Argosy Property Limited
Interest Rate Management
FIXED RATE COVER OF 63%
•Weighted average interest rate reduced
to 5.1% from 5.6% at 31 March 2024.
•Fixed rate cover at 63% of debt.
•$170m in forward swaps, effective from
varying dates post 31 March 2025.
2.5x
Interest cover ratio. Banking covenant
set at a minimum of 2.0x
FY25
$m
FY24
$m
Weighted average interest rate
1
5.1%5.6%
Interest Cover Ratio2.5x2.4x
% of fixed rate borrowings63%71%
Weighted average duration of active payer swaps2.4 years1.1 years
Average rate of active payer swaps3.47%3.43%
36
1.Including margin and line fees.

Argosy Property Limited
Debt Profile
GREEN BOND DIVERSIFICATION 38%
•The total amount of the bank facility is
$525m with the nearest tranche expiring in
October 2027 (FY28).
•Argosy’s $325m of green bonds continue to
provide important diversification.
•The first bond matures in March 2026, and
we will refinance at some point this year.
2.7 years
Weighted average duration of Argosy’s debt
37
210
215
100100100
125
0
50
100
150
200
250
300
350
400
FY26FY27FY28FY29FY30
Facilities ($m)
Bank facilitiesExisting green bonds

Argosy Property Limited
Balance Sheet Management
GEARING REMAINS COMFORTABLY WITHIN THE MID-RANGE OF THE BAND
38
35.9
31.1
35.1
36.5
35.7
0
10
20
30
40
50
FY21FY22FY23FY24FY25
Debt to total assets (%)
Target Range 30-40%

Argosy Property Limited
Hedges, Interest Rates & Debt Maturity
HEDGES & WEIGHTED AVERAGE
INTEREST RATES (MARCH Y/E)
39
DEBT MATURITY PROFILE (FACILITY) &
WEIGHTED AVERAGE MARGIN AND LINE FEE
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
0
100
200
300
400
500
202520262027202820292030
Weighted Average Interest Rate (%)
Face Value of Hedges ($m)
Payer amountRate
210
215
100100100
125
1.79%
1.77%
1.47%
1.25%
1.30%
1.00%
1.20%
1.40%
1.60%
1.80%
2.00%
0
50
100
150
200
250
300
350
400
FY26FY27FY28FY29FY30
Weighted Average Margin & Line Fee (%)
Debt profile ($m)
DebtBondMargin + Line Fee

Argosy Property Limited
Rent review summary – by type, sector and location
40
Type#
Previous Rent
($000's)
% of rent
reviewed
New Rent
($000's)
$ Increase
(000's)% Increase
Annualised $
Increase
(000's)
% of Total
Annualised
Increase
Annualised %
Increase
Total10576,452100%79,1672,7153.6%2,655100%3.5%
By review type
Fixed8362,12481%63,9141,7902.9%1,80168%2.9%
Market107,1719%7,8346639.2%59222%8.3%
CPI127,1589%7,4192623.7%26210%3.7%
By sector
Industrial3441,46554%43,2041,7394.2%1,73965%4.2%
Office5429,48339%30,2567722.6%73828%2.5%
LFR175,5047%5,7082043.7%1797%3.3%
By location
Auckland8151,91668%54,0212,1054.1%2,09079%4.0%
Wellington2120,89627%21,4175212.5%47518%2.3%
Other33,6405%3,729892.5%893%2.5%

Argosy Property Limited
Portfolio metrics
41
RENT ROLL BY INDUSTRYTOP 10 CUSTOMERS BY RENT
Note: Due to rounding, numbers presented in this presentation
may not add up exactly to the totals provided and percentages
may not reflect exactly absolute figures.
33%
16%
15%
14%
9%
8%
3%
Government administration
Transport and storage
Manufacturing
Retail trade
Property and business services
Wholesale trade
Finance and insurance
Health and community services
All other
54%
9%
6%
6%
6%
5%
5%
3%
All other
MBIE
General Distributors Limited
Cardinal Logistics Limited
Statistics New Zealand
Kainga Ora
The Warehouse Limited
Carr & Haslam Limited
Ministry of Housing and Urban
Development
PBT Transport Limited
New Zealand Post Limited

Argosy Property Limited
Industrial
Office
Large format retail
Sector Summary
Number of buildings
33
Market value of assets ($m)
$1,128.9
Occupancy (by income)
100%
Weighted average lease term (WALT)
5.6 years
Number of buildings
13
Market value of assets ($m)
$775.5
Occupancy (by income)
88%
Weighted average lease term (WALT)
4.5 years
Number of buildings
4
Market value of assets ($m)
$204.7
Occupancy (by income)
100%
Weighted average lease term (WALT)
5.0 years
42

Argosy Property Limited
Thank you
DISCLAIMER
This presentation has been prepared by Argosy
Property Limited. The details in this presentation provide
general information only. It is not intended as investment
or financial advice and must not be relied upon as such.
You should obtain independent professional advice prior
to making any decision relating to your investment or
financial needs. Thispresentation is not an offer or
invitation for subscription or purchase of securities or
other financial products. Past performance is no
indication of future performance.
All values are expressed in New Zealand currency
unless otherwise stated.
23 May – 16 June 2025
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