Top Page
Arena REIT
(Sydney:ARF)
Arena REIT (ARF) vs. iShares MSCI Australia ETF (EWA)
Arena REIT Business Overview & Revenue Model
Arena REIT Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 116.23M | 110.05M | 98.18M | 93.23M | 81.24M | 70.78M |
| Gross Profit | 111.27M | 101.36M | 90.43M | 86.06M | 80.67M | 68.22M |
| EBITDA | 117.01M | 86.48M | 74.91M | 85.64M | 61.55M | 67.77M |
| Net Income | 151.11M | 81.49M | 57.51M | 74.24M | 334.29M | 165.35M |
Balance Sheet | ||||||
| Total Assets | 1.98B | 1.86B | 1.62B | 1.57B | 1.52B | 1.15B |
| Cash, Cash Equivalents and Short-Term Investments | 18.07M | 16.57M | 12.43M | 16.11M | 22.20M | 14.02M |
| Total Debt | 475.51M | 436.98M | 377.32M | 340.79M | 323.21M | 240.07M |
| Total Liabilities | 514.97M | 472.83M | 409.05M | 368.99M | 349.59M | 272.59M |
| Stockholders Equity | 1.31B | 1.23B | 1.07B | 1.20B | 1.17B | 878.92M |
Cash Flow | ||||||
| Free Cash Flow | -3.08M | 74.27M | 62.53M | -11.47M | -45.90M | -54.63M |
| Operating Cash Flow | 77.72M | 74.27M | 62.53M | 59.85M | 58.10M | 51.43M |
| Investing Cash Flow | -114.02M | -220.35M | -56.76M | -38.21M | -87.50M | -87.49M |
| Financing Cash Flow | 39.26M | 150.23M | -9.45M | -27.73M | 37.59M | -26.25M |
Arena REIT Technical Analysis
Arena REIT Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$1.07B | 12.30 | 4.86% | 5.18% | ― | ― | |
71 Outperform | AU$1.38B | 9.17 | 6.73% | 5.14% | 12.10% | 29.89% | |
71 Outperform | AU$1.65B | 8.45 | 9.29% | 6.30% | 0.12% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
60 Neutral | AU$1.11B | -428.57 | 10.22% | 3.17% | 206.14% | 101.96% | |
56 Neutral | AU$1.61B | 13.28 | 5.59% | 6.26% | 38.64% | -21.14% | |
53 Neutral | AU$1.68B | 46.09 | -5.04% | 8.12% | -0.33% | 58.26% |
Arena REIT Corporate Events
Arena REIT has released a half-year 2026 results presentation dated 11 February 2026, outlining its financial performance and portfolio update for the period. The presentation signals a structured review of highlights, detailed financial results, portfolio developments and outlook, indicating ongoing communication with investors about operational progress and strategic positioning.
While specific figures are not disclosed in the document excerpt, the agenda suggests continued emphasis on portfolio management and future outlook. This indicates that Arena REIT is maintaining a forward focus on its asset base and market environment, which will be important for stakeholders assessing its performance and strategic direction.
The most recent analyst rating on (AU:ARF) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Arena REIT stock, see the AU:ARF Stock Forecast page.
Arena REIT reported a strong first-half FY2026 result, with net operating profit rising 9% to $39 million and statutory net profit surging 202% to $110 million, driven by contracted rental growth and recently completed acquisitions and developments. Earnings per security increased 5.4%, distributions per security rose 5.5%, net asset value per security climbed to $3.64, and gearing remained conservative at 23.2%, supporting reaffirmed full-year distribution guidance.
Operational metrics remained robust, with 100% portfolio occupancy and a weighted average lease expiry of 17.9 years, underpinned by an average like-for-like rent increase of 3.6% and a 3.3% uplift in portfolio valuations that firmed the passing yield to 5.39%. Arena continued to recycle capital into higher-quality early learning assets, divesting six centres at a premium, completing eight development projects, acquiring three operating centres, and expanding its secured development pipeline to 29 projects with a forecast cost of $225 million, reinforcing its long-term growth profile for investors.
The most recent analyst rating on (AU:ARF) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Arena REIT stock, see the AU:ARF Stock Forecast page.
Arena REIT reported a sharp improvement in performance for the half-year ended 31 December 2025, with total income from ordinary activities rising 234% to A$122.6 million compared with the prior corresponding period. Net profit attributable to stapled securityholders surged 302% to A$109.7 million, underscoring a strong uplift in earnings and profitability for the period.
Investors benefited from higher returns, with Arena maintaining quarterly distributions of 4.8125 cents per security for both the September and December quarters, bringing the total half-year payout to 9.625 cents. Net asset value per security also strengthened to A$3.64 at 31 December 2025 from A$3.46 at 30 June 2025, indicating growth in the underlying value of the property portfolio and overall balance sheet.
The most recent analyst rating on (AU:ARF) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Arena REIT stock, see the AU:ARF Stock Forecast page.
Arena REIT has disclosed a change in the holdings of director Rosemary Hartnett, who increased her direct interest in the trust through participation in the distribution reinvestment plan. Hartnett acquired 573 ordinary stapled securities for a consideration of $2,007.39, lifting her total holding from 41,729 to 42,302 stapled securities.
The transaction reflects routine reinvestment of distributions rather than an on-market trade or strategic shift in ownership. The company confirmed that the change did not occur during a closed trading period requiring special clearance, indicating that the adjustment is a standard administrative update to the director’s disclosed interests under market rules.
The most recent analyst rating on (AU:ARF) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Arena REIT stock, see the AU:ARF Stock Forecast page.
Arena REIT has disclosed a minor change in director Helen Thornton’s holding of stapled securities, following her participation in the company’s distribution reinvestment plan. On 5 February 2026, Thornton acquired 285 ordinary stapled securities for a total consideration of $998.44, increasing her direct holding from 34,315 to 34,600 stapled securities.
The transaction was effected through automatic reinvestment of distributions rather than an on-market trade, and there were no disposals of securities associated with the change. Arena REIT confirmed that the trade did not occur during a closed period that would have required prior written clearance, signalling routine portfolio adjustment rather than a discretionary transaction with governance implications.
The most recent analyst rating on (AU:ARF) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Arena REIT stock, see the AU:ARF Stock Forecast page.
Arena REIT has applied to the ASX for quotation of 1,617,122 fully paid ordinary stapled securities issued under a dividend or distribution reinvestment plan, with an issue date of 5 February 2026. The additional securities will modestly increase Arena REIT’s equity base and free float, reflecting ongoing investor participation in its reinvestment program and incremental support for the REIT’s capital structure and future investment capacity.
The most recent analyst rating on (AU:ARF) stock is a Buy with a A$4.05 price target. To see the full list of analyst forecasts on Arena REIT stock, see the AU:ARF Stock Forecast page.
Arena REIT has declared that its two trusts, Arena REIT No. 1 and Arena REIT No. 2, are withholding managed investment trusts for the December 2025 quarter distribution of 4.8125 cents per stapled security, with a record date of 31 December 2025 and payment and DRP issue date of 5 February 2026. The announcement details the tax components of the distribution for the 2025–26 income year, specifying fund payments, capital gains and cost base adjustments for the purposes of non-resident withholding tax, and is directed primarily at custodians, nominees and other managed investment trusts rather than Australian resident individual investors.
The most recent analyst rating on (AU:ARF) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Arena REIT stock, see the AU:ARF Stock Forecast page.
Arena REIT will release its half-year 2026 financial results to the ASX on 11 February 2026 and will host an investor teleconference the same day to present its operating activities and financial performance for the period ended 31 December 2025. The company will also make a recording of the teleconference available on its website, underscoring its ongoing engagement with investors and transparency around its performance in the social infrastructure real estate sector.
The most recent analyst rating on (AU:ARF) stock is a Buy with a A$4.45 price target. To see the full list of analyst forecasts on Arena REIT stock, see the AU:ARF Stock Forecast page.
Arena REIT has updated its previously announced quarterly distribution for the period ended 31 December 2025, relating to its fully paid ordinary stapled securities. The 19 January 2026 notice is specifically to provide the dividend reinvestment plan pricing details, confirming key dates including an ex-date of 30 December 2025, a record date of 31 December 2025 and a scheduled payment date, ensuring clarity for investors participating in the distribution and DRP.
The most recent analyst rating on (AU:ARF) stock is a Buy with a A$4.09 price target. To see the full list of analyst forecasts on Arena REIT stock, see the AU:ARF Stock Forecast page.
Arena REIT has announced a portfolio valuation uplift of $61.0 million as part of its FY2026 first-half valuation program, driven mainly by a 3.6% valuation increase in its Early Learning Centre portfolio. The portfolio’s strong performance reflects robust investor demand, supported by favorable market yield compression. In addition to valuation gains, Arena completed $55.2 million worth of development projects, added $19.6 million in new acquisitions, and divested properties at a 10.4% premium, while also expanding its development pipeline to 29 projects valued at $225 million. Federal regulatory changes in childcare subsidies are expected to positively impact tenant partners and support future growth, as the policy shift will make subsidized early childcare more accessible to Australian families.
The most recent analyst rating on (AU:ARF) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on Arena REIT stock, see the AU:ARF Stock Forecast page.
Arena REIT has announced a quarterly distribution of AUD 0.048125 per fully paid ordinary unit stapled security for the period ending December 31, 2025. With an ex-date of December 30, 2025, and a payment date set for February 5, 2026, this dividend announcement reflects the company’s continued commitment to delivering returns to its stakeholders, highlighting its stable financial performance and investment strategy.
The most recent analyst rating on (AU:ARF) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on Arena REIT stock, see the AU:ARF Stock Forecast page.
Arena REIT has announced a quarterly distribution of 4.8125 cents per stapled security for the period ending 31 December 2025, aligning with its previous FY26 distribution guidance. The Dividend and Distribution Reinvestment Plan (DRP) will apply, providing participating securityholders with new securities at a 1.5% discount. This move highlights Arena REIT’s stable income strategy and commitment to shareholder value, particularly in its focus on social infrastructure in the early learning and healthcare sectors.
The most recent analyst rating on (AU:ARF) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on Arena REIT stock, see the AU:ARF Stock Forecast page.