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Arena REIT ( (AU:ARF) ) has issued an update.
Arena REIT reported a net operating profit of $36 million for the half-year ended December 2024, marking a 16% increase from the previous corresponding period. The growth is attributed to income from annual rent reviews and completed development projects. The statutory net profit rose by 87%, driven by valuation gains in investment properties. Arena acquired 11 new properties and completed six ELC development projects, contributing to a total asset increase to $1.8 billion. With a portfolio occupancy of 99.3% and a weighted average lease expiry of 18 years, Arena REIT is well-positioned for future growth and has reaffirmed its distribution guidance for FY2025.
More about Arena REIT
Arena REIT is a real estate investment trust focusing on investing in properties related to early learning centers (ELC) and healthcare facilities. They specialize in acquiring and developing properties in these sectors, aiming to provide consistent and sustainable income growth. Arena REIT leverages its experience and strategic approach to capitalize on market opportunities, thereby enhancing its asset portfolio and rental income.
Average Trading Volume: 706,837
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$1.55B
See more data about ARF stock on TipRanks’ Stock Analysis page.
