Arena REIT (AU:ARF)
ASX:ARF
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Arena REIT
(Sydney:ARF)
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Rating:71Outperform
Price Target:
AU$3.50
▲(2.94% Upside)
Action:Reiterated
Date:10/29/25
Arena REIT's strong financial performance, characterized by robust revenue growth and profitability, is the most significant factor driving the score. The technical analysis suggests neutral momentum, while the valuation is supported by a reasonable P/E ratio and attractive dividend yield. The absence of earnings call and corporate events data did not impact the score.
Positive Factors
High margins and operational efficiency
Very high gross and net margins indicate Arena REIT captures stable rental spreads and operates with low property-level costs. For a social infrastructure REIT, durable lease income and efficient cost structure support long-term distributable earnings and resilience through the business cycle.
Negative Factors
Free cash flow volatility
Despite recent FCF growth, prior negative free cash flow years indicate material timing and project-related swings. Volatile FCF undermines predictability of distributions and development funding, increasing reliance on external financing or asset sales during adverse quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
High margins and operational efficiency
Very high gross and net margins indicate Arena REIT captures stable rental spreads and operates with low property-level costs. For a social infrastructure REIT, durable lease income and efficient cost structure support long-term distributable earnings and resilience through the business cycle.
Read all positive factors
Arena REIT (ARF) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.32B
Dividend Yield5.14%
Average Volume (3M)716.12K
Price to Earnings (P/E)8.5
Beta (1Y)0.66
Revenue Growth13.45%
EPS Growth75.99%
CountryAU
Employees12
SectorReal Estate
Sector Strength53
IndustryREIT - Specialty
Share Statistics
EPS (TTM)0.37
Shares Outstanding406,635,300
10 Day Avg. Volume622,293
30 Day Avg. Volume716,118
Financial Highlights & Ratios
PEG Ratio0.57
Price to Book (P/B)1.19
Price to Sales (P/S)13.28
P/FCF Ratio19.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$3.94Price Target Upside15.74% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.2
Revenue Forecast (FY)AU$101.75M
Arena REIT Business Overview & Revenue Model
Company Description
Arena REIT is an ASX300-listed property group dedicated to the ownership, management, and development of social infrastructure assets throughout Australia. Its existing portfolio generates income through leases to a varied tenant base, predominant...
How the Company Makes Money
Arena REIT makes money primarily through rental income earned from leasing its properties to tenants (typically operators of early learning/childcare centres and other social infrastructure users). Its core revenue stream is contracted rent under ...
Arena REIT Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| 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 | 171.17M | 101.36M | 91.42M | 85.64M | 61.55M | 168.77M |
| 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
Neutral
3.40
Price Trends
3.30
Negative
3.33
Negative
3.48
Negative
Market Momentum
-0.02
Negative
52.81
Neutral
61.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ARF, the sentiment is Neutral. The current price of 3.4 is above the 20-day moving average (MA) of 3.20, above the 50-day MA of 3.30, and below the 200-day MA of 3.48, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 52.81 is Neutral, neither overbought nor oversold. The STOCH value of 61.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:ARF.
Arena REIT Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$994.57M | 11.35 | 6.04% | 5.18% | 7.38% | 292.95% | |
71 Outperform | AU$1.32B | 8.51 | 11.87% | 5.14% | 13.45% | 75.99% | |
71 Outperform | AU$1.62B | 8.09 | 21.02% | 6.30% | -0.79% | 54.01% | |
67 Neutral | AU$1.23B | -466.57 | -0.16% | 3.17% | 29.04% | -101.11% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
56 Neutral | AU$1.86B | 15.58 | 7.96% | 6.26% | 6.65% | 61.43% | |
53 Neutral | AU$1.74B | 47.89 | 1.57% | 8.12% | -0.81% | ― |
* Real Estate Sector Average
AU:ARF
Arena REIT
3.22
-0.42
-11.59%
AU:CQE
Charter Hall Social Infrastructure REIT
2.70
-0.13
-4.53%
AU:WPR
Waypoint REIT Ltd.
2.52
0.11
4.39%
AU:GOZ
Growthpoint Properties Australia
2.34
0.02
0.91%
AU:CNI
Centuria Capital Group
2.19
0.62
39.49%
AU:HMC
Home Consortium Ltd
3.09
-1.44
-31.71%
Arena REIT Corporate Events
Arena REIT Director Lifts Stake via Distribution Reinvestment Plan
May 7, 2026
Arena REIT has disclosed a change in the security holdings of director Rosemary Hartnett, in line with Australian Securities Exchange requirements for director interest notices. The filing confirms that Hartnett’s interests are held directly...
Arena REIT Updates Market on Director Justin Bailey’s Increased Security Holding
May 7, 2026
Arena REIT has reported a change in the interests of director Justin Bailey following participation in the group’s distribution reinvestment plan. Bailey acquired 1,081 ordinary stapled securities for $3,614.32, lifting his direct holding to...
Arena REIT Seeks ASX Quotation for New Stapled Securities Issued Under Distribution Plan
May 7, 2026
Arena REIT has applied for quotation on the ASX of 1,514,135 fully paid ordinary stapled securities, to be issued on 7 May 2026. The new securities are being issued under a dividend or distribution plan, modestly increasing the trust’s quote...
Arena REIT Appoints Matt Nacard to Board With No Initial Equity Holding
May 6, 2026
Arena REIT has announced the appointment of Matt Nacard as a director of the group effective 6 May 2026. The initial director’s interest notice lodged with the ASX confirms that Nacard holds no relevant interests in Arena REIT securities or ...
Arena REIT appoints Matt Nacard as independent non-executive director
May 6, 2026
Arena REIT has appointed experienced investment and real estate executive Matt Nacard as an independent non-executive director, effective 6 May 2026. Nacard brings more than three decades of experience spanning real estate development, asset manag...
Arena REIT details March-quarter distribution and tax components for intermediaries
Apr 30, 2026
Arena REIT has declared a March-quarter distribution of 4.8125 cents per stapled security for the period from 1 January to 31 March 2026, payable on 7 May with the same date applying to DRP issuance. The notice confirms that Arena REIT No. 1 and A...
Arena REIT Plays Down Impact of G8 Education Centre Suspension
Apr 29, 2026
Arena REIT has disclosed that tenant G8 Education intends to suspend operations at one Arena-owned early learning centre in Western Australia, a property accounting for just 0.2% of the trust’s total portfolio income and with 10.8 years rema...
Arena REIT Updates March-Quarter Distribution With DRP Pricing Details
Apr 20, 2026
Arena REIT has updated its notification of a quarterly distribution on its fully paid ordinary stapled securities for the period ended 31 March 2026. The update, dated 20 April 2026, clarifies that the change from the prior 24 March announcement i...
Arena REIT Declares Quarterly Distribution and Confirms DRP Terms
Mar 24, 2026
Arena REIT has declared a quarterly distribution of 4.8125 cents per stapled security for the period ending 31 March 2026, consistent with its previously issued FY26 distribution guidance. The payment, which follows a set timetable including an ex...
Arena REIT Announces Quarterly Distribution for March 2026
Mar 24, 2026
Arena REIT has declared a quarterly distribution of AUD 0.048125 per fully paid stapled security for the period ending 31 March 2026. The distribution will trade ex on 30 March, with a record date of 31 March and payment scheduled for 7 May, while...
Arena REIT Director Justin Bailey Increases Indirect Security Holding
Mar 24, 2026
Arena REIT has disclosed a change in the holdings of director Justin Bailey, who maintains both direct and indirect interests in the trust’s stapled securities. The filing details that Bailey’s indirect holding, held via a custodian st...
Arena REIT Director Justin Bailey Increases Direct Security Holding
Mar 18, 2026
Arena REIT has disclosed a change in the security holdings of director Justin Bailey, detailing an increase in his direct interest in the trust. The filing outlines the structure of his direct and indirect interests across ordinary stapled securit...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.