Arrowhead was formed in September 2011 and debuted in the Real Estate Sector on the JSE in December 2011 as an internally managed PLS company. Arrowhead converted to a REIT on 1 October 2013.
Arrowhead owns a diverse portfolio of retail, commercial and industrial properties throughout South Africa. Arrowhead holds a majority interest in Indluplace Properties Limited, the first JSE listed focused residential REIT, as well as a minority interest in Dipula Income Fund Limited, which owns a diverse commercial property portfolio.
Its primary objective is to pay increasing income returns to investors, which it achieves through:
- escalating rentals;
- satisfactory renewal of leases;
- renting of vacant space;
- managing and, where possible, reducing costs;
- acquiring revenue enhancing properties; and
- growing dividends from Indluplace and Dipula.
Risk is managed by growing and diversifying the portfolio in terms of the number of properties, spread of tenants, spread of locations throughout South Africa and the spread of retail, office and industrial properties.
Interest rates are fixed for 5 years on the majority of Arrowhead’s debt on date of drawdown.
Arrowhead has increased properties and investments under management from R1,4 billion (89 properties) at listing to around R6,5 billion (155 properties) at end March 2015. The asset value has grown more than 5 times since listing, while the number of properties in the portfolio has more than doubled. Importantly, vacancies have reduced during this period.
Assets are managed internally by the executive with property management provided by JHI.
During the 2014 financial year Arrowhead acquired residential property assets of R500 million. An additional R1,1 million was acquired after September 2014. The entire residential portfolio was separately listed on the JSE on 19 June 2015 as Indluplace Properties Limited. Arrowhead holds 70% of the shares in Indluplace.
The company pays its annual net income to its shareholders in the form of quarterly distributions, has an active investor relations programme and adheres to best practice corporate governance.
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UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2017.
Full SENS announcement PDF 3.9MB
Integrated annual Report 2016
Annual report 2016 PDF 12.0MB
Prospectus and Circular
STATEMENT IN TERMS OF SECTION 60(4) OF THE COMPANIES ACT, 71 OF 2008
Date of issue: 25 August 2016
ARROWHEAD REPORTS INTERIM RESULTS IN LINE WITH GUIDANCE24 May, 2017
Arrowhead, the South African JSE listed REIT, released its interim results today in line with guidance, despite a tough local economic and political environment. The company has declared a dividend of 43,24 cents per share, growth of 6,01%, for the six months ended 31 March 2017.
ARROWHEAD DECLARES DISTRIBUTION GROWTH IN LINE WITH MARKET EXPECTATIONS22 February, 2017
Arrowhead Properties has declared a dividend of 21,41 cents per share for the quarter ended 31 December 2016.