Arena REIT ARF

Stock XASX Rating as of Oct 7, 2026

A$2.40 +0.05 (1.91%)

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As of Oct 8, 2026, 4:12:13 AM Delayed Price Open

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Arena REIT: Goodstart's Takeover Is a Good Start to Fiscal 2027

Yingqi Tan, Oriana Pham Oct 8, 2026

The administrator of Edge Early Learning entered into a conditional agreement with Goodstart, a nonprofit childcare operator, to sell 31 Edge-operated childcare businesses. Arena REIT leases 27 sites to Edge, and 20 of them are included in the proposed deal. Arena's shares have risen 18% since.

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Price vs Fair Value

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ARF is trading at a LOCK|?dwshC premium.

Price

A$2.35

Oct 7, 2026

Fair Value

R.N

Aug 10, 2026

Uncertainty

LOCK|VLKR

1-Star Price: LOCK|B$
5-Star Price: LOCK|Ft
Economic Moat: LOCK|G&
Capital Allocation: LOCK|SqW>fv#

Bulls Say, Bears Say

Bulls

The Australian government projects a small improvement in the fertility rate by 2035 due to a period of delayed family formation. This, combined with government incentives and a higher takeup rate of childcare services, could drive childcare demand.

Bears

The hurdles of building new childcare centers are relatively low. In the past decade, a slew of new supply was added to the market.

Trading Information

Previous Close Price: A$2.35
Day Range: A$2.38–2.51
52-Week Range: A$1.99–3.95
Bid/Ask: A$2.39 / A$2.40
Shares Outstanding: 408.69M
Market Cap: A$976.76M
Volume/Avg: 5M / 2M

Key Statistics

Price/Earnings (Normalized): 10.66
Price/Sales: 8.23
Dividend Yield (Trailing): 8.06%
Dividend Yield (Forward): 7.66%
Dividend Payment Schedule: Feb, May, Aug, Nov
Total Yield: 8.06%

Company Profile

Arena REIT is an internally managed Australian property trust. The REIT specializes in leasing social infrastructure properties, with close to 300 childcare centers and about a dozen healthcare facilities in its portfolio. Typically, tenants enter into long-term leases with inflation-linked or fixed rental escalations every year. All leases are “triple net,” meaning tenants pay for all statutory and operating outgoings and costs, such as land tax, insurance, electricity, and maintenance. The tenant profile is concentrated—almost three quarters of rents are generated from the top five tenants. Arena actively grows its property book through acquisitions and developments, and historically added on average 10 sites, net of divestments, per year.

Sector: Real Estate
Industry: REIT - Specialty
Stock Style Box: Small Value
Total Number of Employees: —
Website: https://www.arena.com.au

Competitors

Valuation

Metric	ARF	DOC	CLW
Price/Earnings (Normalized)	10.66	76.40	22.97
Price/Book Value	0.73	1.64	0.69
Price/Sales	8.23	4.39	12.09
Price/Cash Flow	12.20	11.62	14.63

Price/Earnings

ARF

DOC

CLW

Financial Strength

Metric	ARF	DOC	CLW
Quick Ratio	0.59	0.90	0.58
Current Ratio	2.00	0.96	2.04
Interest Coverage	7.80	2.32	3.28

Quick Ratio

ARF

DOC

CLW

Profitability

Metric	ARF	DOC	CLW
Return on Assets (Normalized)	5.17%	0.96%	3.58%
Return on Equity (Normalized)	7.87%	2.56%	5.47%
Return on Invested Capital (Normalized)	5.06%	2.84%	3.57%

Return on Assets

ARF

DOC

CLW

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