Arena REIT (ARF) investor relations material

Executive summary

• Statutory net profit reached AUD 110 million, up 202% year-over-year, driven by revaluation gains, rental income growth, acquisitions, and developments.

• Net operating profit rose 9% to AUD 39 million, supported by strong performance in early learning and healthcare assets.

• Operating EPS increased 5.4% to AUD 0.097; NAV per security rose 5.2% to AUD 3.64.

• Distribution per security guidance for FY26 reaffirmed at 19.25 cents, a 5.5% increase.

• Develop-to-own pipeline replenished, securing investment program for the next two years.

Financial highlights

• Property income grew 12% to AUD 49.7 million; total assets increased 7% to AUD 1.98 billion since June 2025.

• Investment properties valued at AUD 1.89 billion, up 6% from June 2025.

• Portfolio value uplift of 3.3% driven by tightening yields and increased rents.

• Distribution per security for HY26 was 9.625 cents, up 5.5% year-over-year.

• Borrowings increased to AUD 475 million, with gearing at 23.2%.

Outlook and guidance

• FY26 distribution guidance is 19.25 cents per security, assuming no material changes in market or operating conditions.

• Positive outlook supported by long-term social and economic trends, government policy, and population growth.

• Focus remains on disciplined growth, portfolio management, and embedded income growth through inflation-linked leases.