It has been another busy day of result releases on Wednesday, with a number of big names taking the headlines after unveiling their latest numbers.

At the smaller end of the market are the ASX 300 REITs listed below, which have just released their results. Here's what they reported:

Arena REIT No 1 (ASX: ARF)

The Arena REIT share price is up slightly to $3.96 today after it delivered strong profit growth during the first half.

The social infrastructure property company reported a 16% increase in net operating profit to $36 million and an 87% jump in statutory net profit to $36 million. The latter includes investment property and derivative valuation gains.

Management director, Rob de Vos, said:

Arena's investment activity accelerated during half year 2025 as the trajectory of debt costs became clearer and we utilised our competitive cost of capital and deal sourcing expertise to execute on emerging opportunities. With an expanded and experienced management team, Arena remains well positioned to capitalise on further growth opportunities that are consistent with our well-defined strategy and investment objective.

Looking ahead, the ASX 300 REIT has reaffirmed its FY 2025 distribution guidance of 18.25 cents per share, which represents growth of 4.9% over FY 2024.

Dexus Industria REIT (ASX: DXI)

The Dexus Industria share price is down slightly to $2.72 after the company released a half year result in line with expectations.

The industrial warehouse focused property company reported a statutory net profit after tax of $53.7 million for the six months. This compares favourably to a loss of $10.2 million in the prior corresponding period.

Management notes that this primarily reflects property valuation gains recorded this half compared to valuation losses in the prior corresponding period.

The ASX 300 REIT's funds from operations (FFO) increased 5.7% to $28.8 million or 9.1 cents per share. This was driven by strong portfolio like-for-like growth of 4.7%, which was offset by reduced property income from divestments.

The company's fund manager, Gordon Korkie, said:

Our portfolio continues to deliver a resilient income stream with embedded growth, and solid leasing outcomes underpinning future growth. Valuation growth has resumed for the first time since FY22, with industrial assets continuing to attract significant interest from a diverse range of investors, as evidenced by transaction volumes above pre covid levels. We remain focused on leveraging our strong balance sheet to invest in attractive investment opportunities to enhance portfolio quality and deliver strong returns.

Looking ahead, management has reiterated its FY 2025 guidance for FFO per share of 17.8 cents and distributions per share of 16.4 cents. This represents FFO per share growth of 2.3% and a dividend yield of 6%.