Arena REIT (AU:ARF) has released an update.
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Arena REIT has reported sturdy financial performance for FY2024, overcoming challenges like high inflation and interest rates through disciplined capital and portfolio management. The company’s underlying net operating profit saw a 4.7% increase, and it achieved earnings per security growth of 3.2%, with a promising outlook for FY2025. Additionally, Arena successfully raised $144 million through an Institutional Placement and Security Purchase Plan, reinforcing investor confidence in its strategy and social infrastructure investments.
For further insights into AU:ARF stock, check out TipRanks’ Stock Analysis page.