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Arena REIT Announces Regarding HY 2022 Results and Upgrade to FY 2022 Distribution Guidance

11 Feb 2022  |  08:25:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: HY2022 Results and upgrade to FY2022 distribution guidance

Arena REIT announced a net operating profit for the half-year ended 31 December 2021 of $27.5m, up 11% on the pcp. Key contributors to the result were income growth from contracted annual rent reviews, acquisitions and development projects completed in financial year 2021 (FY 2021) and half year 2022 (HY 2022). This result equated to EPS of 8.0c, up 10% on the pcp. It has paid DPS of 7.9c for the half-year, an increase of 7.5% on the pcp and financial year 2022 (FY 2022) forecast distribution guidance has been increased from 15.8 to 16.01 cents per security (cps), an increase of 8.1% on FY 2021.

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