Arena REIT (Arena) is an Australian Real Estate Investment Trust (A-REIT) that trades on the Australian Securities Exchange (ASX) under the code ‘ARF’. Arena is a stapled security comprised of one share in Arena REIT Limited, one unit in Arena REIT No. 1 and one unit in Arena REIT No. 2. The shares and units cannot be dealt with or traded separately.
This page provides periodic disclosure for Arena REIT No. 1 and Arena REIT No. 2 in accordance with s1017D of the Corporations Act 2001 (Cth).
These disclosures should not be relied upon for the purpose of preparing Australian income tax returns. In August each year, securityholders will be sent an annual taxation statement which contains information relevant to the completion of an Australian income tax return.
Holding and transaction details
Securityholders can access information about their holding, including the number of securities held and dates of any transactions, online at the Investor Centre or by contacting Boardroom Pty Limited:
Phone: +61 1800 008 494
Securityholders can obtain information about the prices at which they have transacted Arena securities from the broker or financial adviser who completes the trade.
Estimated total fees and indirect costs
The total fees represent the estimated total fees and costs incurred by each securityholder for their investment in Arena securities. They comprise the fees which have been charged directly to the securityholder (which amount to zero for the period) and the indirect costs which have not been deducted directly from the securityholder’s account.
Indirect costs include costs such as accounting, corporate costs, custody, employee benefits expenses, office costs, registry, and other administrative fees.
They do not include costs that would be incurred if an investor invested directly into Arena’s assets, or management costs paid or payable by one member of the Arena group to other members of the Arena group.
The estimated indirect costs for the 12 months ended 30 June 2017 are as follows:
| Average number of securities on issue
|| 233.6 million
| Indirect costs
|| $3.53 million
| Indirect costs per security
Securityholders can calculate their own estimated indirect costs by multiplying the ‘Indirect costs per security’ (from the table above) by their average holding balance during the 12 months ended 30 June 2017.
Arena securities opened the period at a price of $1.99 and ended the period at a price of $2.25 on 30 June 2017. More information on the history of Arena’s security price can be downloaded under the ASX Price and Performance section of this website.
Arena paid four distributions in relation to the 12 months to 30 June 2017 totalling 12.0 cents per security as follows:
||Distribution (per security)
|30 September 2016
|| 2.925 cents
||1 November 2016
|31 December 2016
|| 2.925 cents
||9 February 2017
|31 March 2017
|| 3.075 cents
||11 May 2017
|30 June 2017
|| 3.075 cents
||10 August 2017
|| 12.000 cents
Return on investment, or total securityholder return, is estimated as the combination of security price movement from the opening security price, plus distributions (assumed to be reinvested), over the period, expressed as a percentage. For the 12 months to 30 June 2017, the calculation for Arena is 19.8%.
Return on investment
The above calculation is unlikely to reflect the actual transaction dates and prices of securityholders’ transactions, nor does it take into account any brokerage or other costs that may have been incurred. Arena does not have access to the prices at which securityholders have executed their transactions and the related costs. Securityholders may calculate their return on investment by obtaining such information about their own transactions from their broker or financial adviser.
The following table outlines the historical total securityholder return performance of Arena compared to the S&P/ASX300 A-REIT benchmark index:
|Arena REIT (ASX: ARF)
|S&P/ASX300 A-REIT Accumulation Index
Information about Arena’s performance targets and achievement against those targets and other financial and operational performance metrics can be found in its FY17 Annual Report or in Arena’s ASX lodgements which can be accessed in the ASX Announcements section of this website.
Securities issued during the year
Arena is currently offering a dividend and distribution reinvestment plan (DRP). Securities issued during the 2017 financial year were as follows:
||Balance of securities on issue
|11 August 2016
|11 November 2016
|9 February 2017
|11 May 2017
Arena has a complaint handling policy and procedure and is committed to resolving complaints quickly and fairly. If you have any complaints or feedback, please direct these in writing to:
Locked Bag 32002
Collins Street East
Melbourne VIC 8003
Telephone: 1800 008 494
If you make a complaint and do not receive a satisfactory outcome, you can contact the Financial Ombudsman Service Limited (FOS), of which Arena is a member, on the details below. FOS is an external dispute resolution scheme approved by the Australian Securities and Investments Commission (ASIC). Please note that FOS will not deal with complaints that have not first been referred to Arena for resolution.
FOS can be contacted at:
Financial Ombudsman Service Limited
GPO Box 3
Melbourne VIC 3001
Telephone: 1800 367 287