ARENA REIT (ARF)
Share Price Analysis and Chart

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ARF

ARF - ARENA REIT

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: N/A
Index: ASX200 | ASX300 | ALL-ORDS

Arena REIT is an Australian real estate investment trust with a portfolio of properties focussed on childcare, healthcare, education and government tenanted facilities. It has been listed since 2013.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.92

17 Jun
2025

-0.020

OPEN

$3.93

-0.51%

HIGH

$3.93

533,371

LOW

$3.88

TARGET
$4.253 8.5% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DGT . DXC . DXI . DXS . ECF . GDF . GDI . HCW . HDN . NSR . PLG . REP . RFF . RGN . SCG . TGP . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
ARF: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 16.1 18.6 xxx
DPS (cps) xxx 17.4 18.3 xxx
EPS Growth xxx - 22.8% 15.8% xxx
DPS Growth xxx 3.6% 5.0% xxx
PE Ratio xxx N/A 20.6 xxx
Dividend Yield xxx N/A 4.8% xxx
Div Pay Ratio(%) xxx 108.1% 98.0% xxx

Dividend yield today if purchased 3 years ago: 4.45%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.53

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 27/06 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx16.1
DPS All xxxxxxxxxxxxxxx17.4
Sales/Revenue xxxxxxxxxxxxxxx98.2 M
Book Value Per Share xxxxxxxxxxxxxxx340.8
Net Operating Cash Flow xxxxxxxxxxxxxxx62.5 M
Net Profit Margin xxxxxxxxxxxxxxx58.00 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx4.72 %
Return on Invested Capital xxxxxxxxxxxxxxx3.64 %
Return on Assets xxxxxxxxxxxxxxx3.57 %
Return on Equity xxxxxxxxxxxxxxx4.72 %
Return on Total Capital xxxxxxxxxxxxxxx5.34 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-41.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx377 M
Total Debt xxxxxxxxxxxxxxx377 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx12 M
Price To Book Value xxxxxxxxxxxxxxx1.14

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx60.6 M
Capex % of Sales xxxxxxxxxxxxxxx61.69 %
Cost of Goods Sold xxxxxxxxxxxxxxx1 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx13 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1,594 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.4

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

14/02/2025

2

Accumulate

$4.30

9.69%

Ord Minnett notes Arena REIT posted solid 5.5% 1H25 growth in funds from operations (FFO) from a year ago and booked a 10% rise in total assets following several acquisitions.

The broker, however, expects the REIT's FFO growth rate to slow in coming years as previously high inflation moderates, the low weighted average cost of debt rises to more typical levels, and development yields stay weak.

The analyst cut FFO estimates for FY25 and FY26 by -1% and -2% respectively. Target price drops slightly to $4.30 from $4.35 but Accumulate retained.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Moelis

10/04/2025

1

Upgrade to Buy from Hold

$3.98

1.53%

Moelis reckons the -17% fall in Arena REIT's share price is overdone, and excluding Goodman Group ((GMG)), it has underperformed the sector by -13%.

In the broker's assessment, the business model is defensive in the current uncertain macro backdrop while also being a beneficiary of likely interest rate cuts.

Rating upgraded to Buy from Hold on valuation grounds. Target unchanged at $3.98.

FORECAST
Moelis forecasts a full year FY25 dividend of 18.30 cents and EPS of 18.70 cents.
Moelis forecasts a full year FY26 dividend of 19.20 cents and EPS of 19.60 cents.
Access Extra Coverage Research History >

ARF STOCK CHART

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