stock market graph laptop
It’s been a strong start to the week for ASX listed real estate companies. Image – Canva.
  • Vitalharvest warms to Roc offer again
  • Dexus looks to simplify its company structure down to two funds
  • The Agency appoints new CEO: Geoff Lucas

It’s Wednesday and time for the mid-week wrap up of ASX listed property and real estate companies.

The week started with more news from Vitalharvest (ASX: VTH), again releasing a statement that was worded similarly to a previous announcement which stated the company was warming to the Roc Private Equity offer, this time much the same for the revised Roc offer, a “likely superior proposal”. It’s exciting to watch the interest in agricultural properties, earlier in the year Primewest took interest in the sector, some went so far as to say they could fill the gap left by Vitalharvest once the takeover is complete – that was stated on 3 February this year.

United Overseas Australia Limited (ASX: UOS) released its annual report, and Charter Hall Long WALE REIT (ASX: CLW) released dividends payments of 7.3 cents per security.

Other big news on Monday included Centuria Capital Group (ASX: CNI) going into a one day trading halt before announcing a $100 million raising effort. Face value for the listed notes offer was $100, maturing in five years in April 2026. The offer was not open to the general public.

Dexus (ASX: DXS) provided its explanatory memorandum to the market on Tuesday, elucidating on the simplification of the company structure. Intending to reduce the number of stapled securities and funds from four to two, the move is set to help the company long-term, said the Board. One downside includes a potential $35 million transaction cost.

Tuesday also saw The Agency appoint Geoff Lucas the CEO, effective Monday next week. Previously COO, then CEO of McGrath Limited, the company continues to have strong growth despite issues earlier in the year.

Ultima United Limited re-released its quarterly activities report, including net cash expenditures and inflow of $10,805 (Bentley) and $88,208 (Cannington) respectively.

In other dividends and distribution news, Australian Unity Office Fund (ASX: AOF) paid dividends of 3.75 cents per ordinary unit, HomeCo Daily Needs REIT (ASX: HDN) paid 2.425 cents, Elanor Commercial Property Fund (ASX: ECF) paid 2.48 cents, Charter Hall Social Infrastructure REIT (ASX: CQE) paid out 4.1 cents per unit, Aventus Group (ASX: AVN) has been doing exceptionally well, paying out a distribution of 4.90 cents per security.

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