Obermatt

Arena

ASX:ARF · AU000000ARF6
Real Estate Management & DevelopmentSmall

360

37
Medium confidence — indicative
Profit price60
Owner Earnings Yield15
Dividend Yield87
Price/Sales9
EV / Gross Profit33
Price/Book71
Return on Capital78
Return on Equity82
EBIT Margin98
Gross Profitability45
Cash Conversion11
Accruals9
Sales growth61
Profit Growth34
Long-Term EPS Growth56
Reinvestment14
Price momentum29
Debt load54
Debt serviceability48
Liquidity63
Analyst ratings78
Opinion Changes50
Price Target Upside65
Market mood81
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Arena clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Based on 3/5 components.

Profile

CountryAustralia
IndustryReal Estate Management & Development
SizeSmall
TypePublic Company
ExchangeASX
Founded2003
Employees11
ISINAU000000ARF6
Last UpdateApr 2, 2026
Index & Theme
Real Estate TechnologyReal Estate

Description

Analysis

Hope premium

Arena REIT is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium. Worth noting: the cash the business generates has lagged behind what the income statement shows.

Valuation data is not available for this company.

Growth is moderate; the safety picture is uncertain. The company scores 10/20 on our value-creation score: creating some value.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
69
2023202420252026

All-time high

69

Mar 2026

All-time low

32

Jan 2025

Average rank

52

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
9
5
3
5
Price/Earnings
60
23
28
12
Price/Book
71
48
58
38
Dividend Yield
87
62
62
50
Value (overall)
70
17
27
19

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →