Arena REIT Now Trading at Discount, Continued Upside Expected, Says Jefferies
MT Newswires Live
Feb 12
Arena REIT (ASX:ARF) is currently trading at a discount to net tangible assets and is offering a dividend yield of about 5.5% with further upside expected, said Jefferies in a Wednesday note.
The company on Wednesday reported operating earnings of AU$0.097 per security for the fiscal first half ended Dec. 31, 2025, up from AU$0.092 a year earlier.
Asset revaluation gains led to a 5% increase in net tangible assets during the half year, which reduced gearing to 23.2%, which, according to Jefferies, is likely the lowest level in the real estate investment trust sector.
Jefferis maintained a buy rating on ARF and decreased its price target to AU$3.86 from AU$3.90.
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