ARENA REIT (ARF)
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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

$3.24

25 Jun
2026

0.050

OPEN

$3.23

1.57%

HIGH

$3.27

912,174

LOW

$3.20

TARGET
$3.857

-0.01 change from previous day

 19.0% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DGT . DXC . DXI . DXS . GDF . GDI . HCW . HDN . PLG . REP . RFF . RGN . SCG . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
ARF: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 30.2 18.3 xxx
DPS (cps) xxx 19.3 17.6 xxx
EPS Growth xxx 44.4% - 39.5% xxx
DPS Growth xxx 5.5% - 8.6% xxx
PE Ratio xxx N/A 11.8 xxx
Dividend Yield xxx N/A 8.1% xxx
Div Pay Ratio(%) xxx 63.8% 96.4% xxx

Dividend yield today if purchased 3 years ago: 5.20%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 8.91

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

0.8

No. Of Recommendations

3
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

21/04/2026

3

Equal-weight

$3.75

15.74%

Morgan Stanley highlights rising floating interest rates are likely to result in downward pressure on earnings across the REIT sector from FY27.

The analyst now assumes a 4.35% floating rate (ex margins) for unhedged debt positions for REITs in FY27 and 4% from FY28.

On average, REIT target prices have come down by around -7%. Against consensus, the broker sees downside risks to those earnings forecasts.

Arena REIT's target price falls to $3.75 from $4.00. Equal-weight retained. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY26 EPS of 19.00 cents.
Morgan Stanley forecasts a full year FY27 EPS of 20.00 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

29/04/2026

1

Buy

$4.17

28.70%

Jarden updates forecasts and valuations for the A-REIT sector amid significant volatility in interest rates, which is expected to continue over the course of 2026.

The broker takes a more conservative approach to forecasts now, based on higher interest rates and revised operating and valuation assumptions.

Although investors may be reluctant to "stand in front of increasing interest rates" sufficient conservatism has been priced into the sector, Jarden asserts.

Arena REIT has a Buy rating with the target lowered to $4.17 from $4.30.

FORECAST
Jarden forecasts a full year FY26 dividend of 19.30 cents and EPS of 19.80 cents.
Jarden forecasts a full year FY27 dividend of 19.60 cents and EPS of 20.70 cents.
Access Extra Coverage Research History >

ARF STOCK CHART

FNArena News on ARF

Latest REITs News

1
Australian Listed Real Estate Tables – 06-06-2022

Jun 06 2022 - Weekly Reports
2
Australian Listed Real Estate Tables – 30-05-2022

May 30 2022 - Weekly Reports
3
Australian Listed Real Estate Tables – 23-05-2022

May 23 2022 - Weekly Reports
4
Australian Listed Real Estate Tables – 16-05-2022

May 16 2022 - Weekly Reports
5
Australian Listed Real Estate Tables – 09-05-2022

May 09 2022 - Weekly Reports
6
Australian Listed Real Estate Tables – 03-05-2022

May 03 2022 - Weekly Reports
7
Australian Listed Real Estate Tables – 26-04-2022

Apr 26 2022 - Weekly Reports
8
Australian Listed Real Estate Tables – 19-04-2022

Apr 19 2022 - Weekly Reports
9
Australian Listed Real Estate Tables – 11-04-2022

Apr 11 2022 - Weekly Reports
10
Australian Listed Real Estate Tables – 04-04-2022

Apr 04 2022 - Weekly Reports