Arena REIT (ARF) AGM 2025 summary

Opening remarks and agenda

• The AGM was held as a physical meeting with a live webcast for remote stakeholders.

• Attendees included security holders, proxies, and guests, with opportunities for Q&A and formal business discussions.

• Acknowledgement of traditional custodians and overview of the meeting agenda, including addresses from the Chair, Managing Director & CEO, incoming CEO, Q&A, and formal business items.

Financial performance review

• Statutory net profit reached AUD 81.5 million (up 42%), net operating profit AUD 73.1 million (up 17%), and total assets grew 15% to AUD 1.9 billion.

• Earnings per security rose to AUD 0.1855 (up 5.1%), and distributions per security to AUD 0.1825 (up 4.9%).

• Gearing was maintained at 22.8% as of June 2025, with a weighted average cost of debt at 4.1%.

Board and executive committee updates

• CEO Rob de Vos retired after 13 years, succeeded by Justin Bailey as new Managing Director and CEO.

• Board renewal included the appointment of Adam Tindall as independent non-executive director and Helen Thornton as chair of the audit, risk, and compliance committee.

• Board and committee performance evaluations confirmed effectiveness and appropriateness.

• Board renewal and re-election of Ms Rosemary Hartnett as director.