As I understand the reports, contracted like-for-like rental growth dropped a little but additional rental income from completed developments and acquisitions evened up the result. Hopefully interest costs may drop a little over the next year or so although that would assume that inflation will also drop which will hamper rent increases so, at the end of it all, there's not a lot to see here. Over time, they offer about a 5% growth profile and a 4.5% dividend which, to me anyway, is acceptable in economic times that concern me a little. ARF represents about 8% of my holding now which, in percentage terms, is about twice what it's been in the past.
ARF Price at posting:
$3.91 Sentiment: Hold Disclosure: Held
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