Arena Reit No 1
ASX:ARF
Arena Reit No 1
Arena REIT operates as a real estate investment trust. The company is headquartered in Melbourne, Victoria. The company went IPO on 2013-06-13. The firm's objective is to deliver an attractive and predictable distribution to investors with earnings growth prospects over the medium to long term. The firm invests in social infrastructure properties in various sectors, including childcare, healthcare, education, and government sectors. The firm's portfolio of approximately 240 social infrastructure properties are leased to a diversified tenant base in the various childcare and healthcare sectors. The company delivers customized facilities for its tenants and attractive investment returns for its investors.
Arena REIT operates as a real estate investment trust. The company is headquartered in Melbourne, Victoria. The company went IPO on 2013-06-13. The firm's objective is to deliver an attractive and predictable distribution to investors with earnings growth prospects over the medium to long term. The firm invests in social infrastructure properties in various sectors, including childcare, healthcare, education, and government sectors. The firm's portfolio of approximately 240 social infrastructure properties are leased to a diversified tenant base in the various childcare and healthcare sectors. The company delivers customized facilities for its tenants and attractive investment returns for its investors.
Earnings Growth: Arena REIT reported a 9% increase in net operating profit to $39 million for HY '26, with earnings per security up 5.4%.
Distribution Guidance: Full-year distribution guidance was reaffirmed at $0.1925 per security, up 5.5% on FY '25.
Portfolio Strength: The portfolio remains fully occupied, with a WALE of 17.9 years and no lease expiries until 2032.
Capital Management: Debt refinancing increased facility size and extended maturities, with weighted average cost of debt at 4.2% and 93% of borrowings hedged.
Valuations & Yields: Portfolio valuation rose 3.3% in the period, with passing yield firming by 8 bps to 5.39%.
Development Pipeline: The development pipeline was replenished to 29 projects with an anticipated net initial yield of 6%.
Rent Growth & Affordability: Like-for-like rent growth was 3.6%, with occupancy costs for tenants at 9.7%, below long-term averages.
