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How to buy Argosy Property shares (ARG)

Your simple, step-by-step guide to buying ARG shares on the NZX.

Argosy Property logo

Argosy Property is a property company that invests in a range of real estate sectors around New Zealand. Shares in Argosy Property (ARG) can be bought and sold on New Zealand’s Exchange (NZX) — keep reading for the steps you need to follow to buy ARG shares.

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How to buy shares in Argosy Property on the New Zealand Exchange

  1. Compare share trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table. Most importantly, you need to find a share trading platform that allows you to trade on the NZX.
  2. Open and fund your share trading account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Argosy Property. Find the stock by name or ticker symbol: ARG. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Argosy Property reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs. You may be able to buy a fractional share of Argosy Property, depending on your share trading account.
  6. Check in on your investment. Congratulations, you own a part of Argosy Property. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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Argosy Property overview and background

Argosy Property Limited was first listed on the NZX as the Paramount Property Trust in 2002. Now one of the largest listed property investment companies in New Zealand, Argosy Property is owned by more than 9,000 shareholders.

The company’s property portfolio features a mix of industrial, office and retail properties. The majority are located in the Auckland and Wellington areas, with some exposure to markets in other areas of New Zealand.

Performance and company results

In May 2021, Argosy Property Limited released its FY21 annual report. Key financial results in the report included:

  • A full year dividend of 6.45 cents per share (an increase of 1.6% on the prior period)
  • Net distributable income up by 13.7%
  • Profit for the year (after tax) of $241.7 million
  • Earnings per share of 29.04 cents
  • Total assets of $2.16 billion

Key details

NameArgosy Property LimitedIndustryREIT—Diversified
Ticker symbolARGISINNZARGE0010S7
TypeOrdinary SharesDate listed on NZX04 Dec 2002
End of financial yearMarchChief executive officerPeter Mence
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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