ARA Asset profits leapfrog by 36%

The company’s earnings are safeguarded, too.

Real estate fund manager ARA Asset boosted profit by higher revenue from recurrent management fees, acquisition divestment and performance fees.

In a report, RHB reveals that ARA Asset posted a 36% jump in its 2Q14 net profit, which rose to $20.8 million on the back of a 17% increase in revenue.

RHB says that ARA also enjoyed new contributions from two recently launched Korean REITs and two investment funds, with a plan to launch a new billion-dollar fund ADF III by year end.

Here’s more from RHB:

While credit conditions are tightening across Asia’s real estate market, this could present investment opportunities for ARA’s real estate funds to tap into. ARA’s earnings should remain resilient with its fee-based income model.

 

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