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 2016.
Prospectus and Circular
NOTICE TO ARROWHEAD SHAREHOLDERS - SUBMISSION OF A PROPOSED RESOLUTION
Date of issue: 08 July 2016
ARROWHEAD DELIVERS STRONG INTERIM RESULTS18 May, 2016
Arrowhead, the South African JSE listed REIT, has declared a dividend of 20,76 cents per share for the three months ended 31 March 2016. This is an increase of 11% on the same quarter the previous year. This, together with the dividend of 20,03 cents for the previous September quarter, represents a dividend of 40,79 cents per share; growth of 9,52% from the previous year.
Vukile, Arrowhead and Synergy set to create new high-yielding, high-growth listed property fund11 March, 2016
Vukile Property Fund, Arrowhead Properties and Synergy Income Fund Limited today announced they intend to create a new high-yielding, high-growth investment prospect for listed property investors...