Australia's Arena REIT jumps on positive FY profit

Arena REIT No 1

15/08/2024 03:10

** Shares of Arena REIT  ARF.AX  rise as much as 3.3% to
A$4.060, highest since July 17     
    ** Property co says its full-year net operating profit was
A$62 million ($40.96 million), up 4.7% on prior year
    ** Co reaffirmed FY2025 DPS guidance of 18.25 cents per
security, a growth of 4.9% on FY2024
    ** Stock set for best day since Aug 6, if gains hold     
    ** ARF up 5.9% YTD as of last close

($1 = 1.5135 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))