Arrowhead on track to meet forecast distribution growth in 2017

Stock Exchange general

Arrowhead Properties has declared a dividend of 21,41 cents per share for the quarter ended 31 December 2016.

“Despite the tough macro-economic environment, we continue to deliver quarterly distributions in line with market expectations. Arrowhead is on track to meet its forecast distribution growth for 2017 of between 6,0% and 8,0%, excluding the positive effects of any acquisitions or the letting of vacant space during the year.”

“With the successful conclusion of the Gemgrow transaction, we continue to focus on improving the quality of our portfolio comprising larger quality assets going forward.”