Jefferies upgrades Arena REIT to 'buy' after Goodstart deal for Edge centres

Arena REIT No 1

07/10/2026 19:32

** Analysts at Jefferies upgrade rating on Australia's Arena REIT No 1 ARF.AX to "buy" from "hold" at a price target of A$2.66
** Broker says conditional agreement for Goodstart Early Learning to acquire 20 of ARF's 27 Edge-leased centres materially reduces a key overhang on the stock
** Notes administrators received 37 non-binding offers for Edge centres, with every operating centre attracting at least one bid
** Jefferies add ARF's conservative balance sheet and fully hedged debt profile should support earnings over the near-to-medium term
** Six of nine analysts rate the stock "buy" or higher, two "hold" and one "sell" or lower; their median PT is A$2.65 - LSEG data
** Stock down 34% YTD, as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))