Arena REIT (ASX: $ARF) Portfolio Valuation Update

Arena REIT (ASX: $ARF) has announced that its portfolio valuation program is expected to result in a net nil revaluation for the six-month period ending 30 June 2024. The valuation represents no material change in portfolio valuation or Net Asset Value (NAV) per security from 31 December 2023. The company's property portfolio has a Weighted Average Lease Expiry of 18.4 years and is 99.7% occupied as at 30 June 2024.

Executive Commentary on Portfolio Valuation and Business Performance

Chief Financial Officer Mr Gareth Winter stated, 'Arena has maintained capital management discipline through the cycle with consistent hedging programs, extension of facility term and sustained capacity to deploy capital into growth opportunities consistent with strategy.' Managing Director Mr Rob de Vos commented, 'Strong macroeconomic drivers continue to support growth in the demand for essential community services across Australia. These themes, combined with Arena's disciplined capital management, development and asset management expertise, as well as the integration of sustainability across the business, underpin Arena's value proposition.'

Summary of Arena REIT's Portfolio Valuation and Future Outlook

Arena REIT's portfolio valuation program has resulted in a net nil revaluation, indicating no material change in portfolio valuation or NAV per security. The company's property portfolio has a high occupancy rate and a long Weighted Average Lease Expiry, reflecting stability and long-term commitments from tenants. The ELC sector continues to benefit from strong macroeconomic drivers, and Arena's sustainable business strategies position it well for long-term commercial and community outcomes. The company has declared a final quarter distribution of 4.35 cents per security for FY2024, reflecting growth of 3.6% over FY2023. Arena's FY2024 results, including revaluations, portfolio performance, and financial results, are scheduled to be released on Thursday 15 August 2024, providing further insights into the company's performance and outlook.