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Arena REIT distribution for quarter to June 30 up 10% YOY

Arena REIT on Aug. 10 will pay a distribution of 3.075 Australian cents per stapled security to security holders on record as of June 30.

The distribution for the quarter to June 30 is an approximately 10% increase from the year-ago distribution of 2.78 cents.

Earlier, the company said annual distribution for the 2018 fiscal year is expected to be 12.8 cents per security, up 6.7% from its fiscal full-year 2017 distribution.

As of Aug. 7, US$1 was equivalent to A$1.26.