Arena REIT's The Gums Salisbury. (Photo: SACARE)Arena REIT's The Gums Salisbury. (Photo: SACARE)

Arena REIT has declared a distribution of 6.85 Australian cents for the six months ending 30 June.

The distribution is in line with the upper range of FY20 distribution guidance of 13.9 to 14.0 cents per security announced to the ASX on 21 May 2020.

Arena’s dividend and distribution reinvestment plan (DRP) will operate in respect of this distribution.

Securityholders participating in the DRP will be issued new securities priced at a 1.5% discount to the 10-day volume weighted average trading price during the pricing period.

Ex-distribution date has been set for 29 June, while the last day to elect for the DRP is 1 July.

Unitholders can expect to receive their distribution for the period on 6 August 2020.

Arena REIT was last done on the ASX at AUD2.40.

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.