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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ABRIDGED CONSOLIDATED AUDITED RESULTS for the year ended 30 September 2016.
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 EXPRESSES AN INTEREST TO ACQUIRE EMIRA27 July, 2016
Arrowhead Properties ('Arrowhead'), the South African JSE listed Real Estate Investment Trust, ('REIT') announced today that it has made an expression of interest to acquire all or the majority of the issued share capital of Emira Property Fund Limited ('Emira') by means of a scheme of arrangement subject to the satisfactory conclusion of a due diligence investigation in respect of Emira's forecast income for the 12 months ending 30 June 2017.
EXPRESSION OF INTEREST TO ACQUIRE THE ENTIRE ISSUED SHARE CAPITAL OF EMIRA PROPERTY FUND LIMITED (“EMIRA”)25 July, 2016
Shareholders are advised that Arrowhead has addressed a non-binding expression of interest to the board of directors of Emira detailing Arrowhead's interest, subject to the satisfactory conclusion of a due diligence investigation in respect of Emira's forecast income for the 12 months ending 30 June 2017, in acquiring all or the majority of the issued share capital of Emira (the "proposed transaction").