ARENA REIT (ARF)
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ARF

ARF - ARENA REIT

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 4.41
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

$2.46

25 Aug
2026

0.020

OPEN

$2.49

0.82%

HIGH

$2.50

3,165,779

LOW

$2.36

TARGET
$2.778 12.9% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DGT . DXC . DXI . DXS . FDC . GDF . GDI . HCW . HDN . PLG . REP . RFF . RGN . SCG . SKG . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
ARF: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 30.2 19.1 xxx
DPS (cps) xxx 19.3 18.7 xxx
EPS Growth xxx 44.4% - 36.7% xxx
DPS Growth xxx 5.5% - 3.0% xxx
PE Ratio xxx N/A 12.5 xxx
Dividend Yield xxx N/A 7.8% xxx
Div Pay Ratio(%) xxx 63.8% 97.7% xxx

Dividend yield today if purchased 3 years ago: 5.27%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 8.09

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: 29/06 - (franking ex-div 4.81c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx30.2
DPS All xxxxxxxxxxxxxxx19.3
Sales/Revenue xxxxxxxxxxxxxxx117.3 M
Book Value Per Share xxxxxxxxxxxxxxx320.4
Net Operating Cash Flow xxxxxxxxxxxxxxx78.0 M
Net Profit Margin xxxxxxxxxxxxxxx103.86 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx9.61 %
Return on Invested Capital xxxxxxxxxxxxxxx7.00 %
Return on Assets xxxxxxxxxxxxxxx6.29 %
Return on Equity xxxxxxxxxxxxxxx9.61 %
Return on Total Capital xxxxxxxxxxxxxxx6.03 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-132.6 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx510 M
Total Debt xxxxxxxxxxxxxxx510 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx22 M
Price To Book Value xxxxxxxxxxxxxxx0.97

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx156.5 M
Capex % of Sales xxxxxxxxxxxxxxx133.50 %
Cost of Goods Sold xxxxxxxxxxxxxxx1 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1,928 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

0.0

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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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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UBS

21/08/2026

3

Neutral

$2.71

10.16%

First take: Arena REIT's FY26 operating EPS increased 5.7% to 19.6c and distributions rose 5.5% to 19.25c, broadly matching expectations.

UBS highlights FY27 distribution guidance of at least 18c was below market forecasts because no income is assumed from Edge Early Learning, whose properties were written down by -10%, or -$24.4m.

UBS retains Neutral, balancing full occupancy, 4% rental growth and low gearing against elevated tenant concentration and uncertainty surrounding the Edge portfolio.

FORECAST
UBS forecasts a full year FY27 dividend of 20.00 cents and EPS of 21.00 cents.
UBS forecasts a full year FY28 dividend of 21.00 cents and EPS of 21.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$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

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

25/08/2026

1

Overweight

$3.55

44.31%

Jarden maintains its Overweight recommendation for Arena REIT with its target price reduced to $3.55 from $3.90 following FY26 results where DPU of 19.25c and FFO of 19.6c met guidance, although FY27 guidance of no less than 18.0c came in -8% below consensus.

The analyst highlights that despite broader sector softness concerns in childcare, management remains conservative and continues to see healthy inbound enquiry from tenants and operators.

The broker comments the business benefits from internal management, low gearing at 25%, and robust hedging levels at 93% for FY27.
Access Extra Coverage Research History >

ARF STOCK CHART

FNArena News on ARF

1
Australian Broker Call *Extra* Edition – Aug 25, 2026

Aug 25 2026 - Daily Market Reports
2
FNArena Corporate Results Monitor – 24-08-2026

Aug 24 2026 - Australia
3
Weekly Ratings, Targets, Forecast Changes – 14-08-26

Aug 17 2026 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Aug 12, 2026

Aug 12 2026 - Daily Market Reports
5
Rudi’s View: Small Cap Favourites, AI & More

Jul 16 2026 - Rudi's View

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