Arena REIT Have Released Their Half Year Results
Well this is the first half yearly result that have come in for me and it’s a good one! So far so good!
I picked up some of these shares in late January at a price of roughly $1.87, they now sit at [stock_quote symbol=”ASX:ARF”], today at $2.09. Not a bad price increase for a short period. I really like this REIT as it has been increasing over time while making valuable acquisitions and increasing the value of the existing assets.
Arena REIT HY FY17 Report – Page 4
A picture is worth a thousand words! Well lets not get into it too much. Overall this is a very positive report. I am happy that there have been increases. Arena have made purchases over this period compared to last year so of course there will be a Net Operating Profit Increase. Because of this, I think it is easier to take the Earnings Per Share as a more value of how the company is doing. This increased by 11% which is fantastic, this shows the company is still growing while making valuable assets. A dividend increase of 9%, bonus! All of this while debt has increased by only 1% overall.
Arena REIT HY FY17 – Page 6
I am happy with these results, 9% dividend increase while debt has only increased by 1%. Onwards and upwards!