Arena REIT's (ASX:ARF) fiscal first half portfolio valuation program is expected to result in a net revaluation increase of around AU$61 million for the six months ending Dec. 31, reflecting a valuation increase of 3.3% from June 30, according to a Thursday Australian bourse filing.
A total of 56 Early Learning Center assets and two healthcare assets were independently valued as of Dec. 31, with the remaining subject to directors' valuation. The portfolio revaluation remains subject to review by Arena's external auditors.
Rent reviews during the fiscal first half resulted in an average like-for-like rent increase of 3.6%.
It reaffirmed its fiscal 2026 distribution guidance of AU$0.1925 per security, a 5.5% increase over fiscal year 2025.
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