Arena REIT (ASX:ARF) Days Sales Outstanding: 18.22 (As of Jun. 2026) — 918% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:ARF Arena REIT ASX:ARF
79 GF Score
Price A$2.32
GF Value A$3.81
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Arena REIT Days Sales Outstanding?

Arena REIT ASX:ARF -1.28% 79 Days Sales Outstanding is 18.22 as of Jun. 2026, which is 918% above its 10-year median of 1.79. GuruFocus rates ASX:ARF with a GF Score™ of 79/100 and a GF Value™ of A$3.81 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 659 REITs companies, Arena REIT ranks better than 66.01% on this metric.

Arena REIT's average Accounts Receivable for the six months ended in Jun. 2026 was A$5.9 Mil. Arena REIT's Revenue for the six months ended in Jun. 2026 was A$58.6 Mil. Hence, Arena REIT's Days Sales Outstanding for the six months ended in Jun. 2026 was 18.22.

The historical rank and industry rank for Arena REIT's Days Sales Outstanding or its related term are showing as below:

ASX:ARF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.43   Med: 1.79   Max: 12.36
Current: 12.36

During the past 13 years, Arena REIT's highest Days Sales Outstanding was 12.36. The lowest was 0.43. And the median was 1.79.

ASX:ARF's Days Sales Outstanding is ranked better than
66.01% of 659 companies
in the REITs industry
Industry Median: 22.54 vs ASX:ARF: 12.36

Arena REIT's Days Sales Outstanding increased from Jun. 2025 (14.28) to Jun. 2026 (18.22).


Arena REIT  (ASX:ARF) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.


Arena REIT Days Sales Outstanding Related Terms


Arena REIT Days Sales Outstanding Historical Data

* Premium members only.

The historical data trend for Arena REIT's Days Sales Outstanding can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Arena REIT Days Sales Outstanding Chart

Arena REIT Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.41 3.74 2.10 0.44 0.43

Arena REIT Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.32 16.48 14.28 18.43 18.22

ASX:ARF vs EQIX, AMT, DLR: Days Sales Outstanding Comparison

For the REIT - Specialty subindustry, Arena REIT's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Arena REIT Days Sales Outstanding vs REITs Industry

For the REITs industry and Real Estate sector, Arena REIT's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Arena REIT's Days Sales Outstanding falls into.


ASX:ARF
79GF Score
Arena REIT ASX:ARF
Days Sales Outstanding is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arena REIT Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Arena REIT's Days Sales Outstanding for the fiscal year that ended in Jun. 2026 is calculated as

Days Sales Outstanding (A: Jun. 2026 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Jun. 2025 ) + Accounts Receivable (A: Jun. 2026 )) / count ) / Revenue (A: Jun. 2026 )*Days in Period
=( (0.053 + 0.22) / 2 ) / 115.724*365
=0.1365 / 115.724*365
=0.43

Arena REIT's Days Sales Outstanding for the quarter that ended in Jun. 2026 is calculated as:

Days Sales Outstanding (Q: Jun. 2026 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2025 ) + Accounts Receivable (A: Jun. 2026 )) / count ) / Revenue (A: Jun. 2026 )*Days in Period
=( (11.482 + 0.22) / 2 ) / 58.622*365 / 2
=5.851 / 58.622*365 / 2
=18.22

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Sales Outstanding →
What does a Days Sales Outstanding of 18.22 mean?
Arena REIT (ASX:ARF) has a Days Sales Outstanding of 18.22 as of Jun. 2026. Days sales outstanding represents the average amount of days a company takes to collect receivables. View historical data on Arena REIT and its competitors. This is 918% above median its historical median of 1.79. Over the past decade, Arena REIT's Days Sales Outstanding has ranged from 0.43 to 12.36. According to the industry distribution chart, Arena REIT ranks #224 out of 659 companies in the REITs industry, placing it in the top 34%.
Is Arena REIT's Days Sales Outstanding too high?
Arena REIT's current Days Sales Outstanding of 18.22 is 918% above median its 10-year median of 1.79. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 12.36. The REITs industry median Days Sales Outstanding is 22.54. Arena REIT's value of 18.22 is 19.2% below this industry median. Based on the distribution chart, Arena REIT ranks #224 out of 659 companies in the REITs industry, which is above the industry midpoint. Overall, Arena REIT has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Arena REIT's Days Sales Outstanding compare to EQIX and AMT?
According to the REITs industry distribution chart, Arena REIT ranks #224 out of 659 companies for Days Sales Outstanding. This puts Arena REIT in the upper half of its industry. The industry median Days Sales Outstanding is 22.54. Arena REIT's value of 18.22 is 19.2% below this benchmark. Historically, Arena REIT's own Days Sales Outstanding has ranged from 0.43 to 12.36 over the past decade. While the company's 10-year median is 1.79 vs. the industry median of 22.54, Arena REIT has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Sales Outstanding for a REITs company?
The median Days Sales Outstanding among REITs companies is 22.54, based on 659 companies in the industry. Companies in the top quartile (top 25%) have a Days Sales Outstanding significantly above this median, while those in the bottom quartile fall well below. However, Days Sales Outstanding should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Arena REIT's current Days Sales Outstanding of 18.22 is 19.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Sales Outstanding mean?
A high Days Sales Outstanding can signal that a stock is expensive relative to its fundamentals. Days sales outstanding represents the average amount of days a company takes to collect receivables. View historical data on Arena REIT and its competitors. For the REITs industry, the median Days Sales Outstanding is 22.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arena REIT's current Days Sales Outstanding is 18.22, which is 918% above median its own 10-year median of 1.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arena REIT stock overvalued right now?
Based on GuruFocus' analysis, Arena REIT (ASX:ARF) is currently considered Possible Value Trap. The stock's GF Value™ is A$3.81, compared to a current price of A$2.32 — trading 39.1% below its estimated fair value. The current Days Sales Outstanding is 18.22, which is 918% above median its 10-year median of 1.79 and 19.2% below the REITs industry median of 22.54. Arena REIT's overall GF Score™ is 79/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Sales Outstanding calculated?
Days Sales Outstanding is calculated from a company's financial statements. For Arena REIT (ASX:ARF), the current Days Sales Outstanding is 18.22 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Arena REIT (ASX:ARF) Overvalued in 2026?

Based on GuruFocus' analysis, Arena REIT stock appears to be undervalued. The current stock price of A$2.32 is trading 39.1% below its estimated GF Value™ of A$3.81. GuruFocus considers Arena REIT to be Possible Value Trap.

Key valuation signals for ASX:ARF:

  • Days Sales Outstanding: 18.22 (918% above median its 10-year median of 1.79)
  • GF Value™: A$3.81 vs. price of A$2.32 (39.1% below fair value)
  • GF Score™: 79/100 with 6 warning signs
  • Industry Position: 19.2% below the REITs median (#224 of 659)

No single metric tells the full story. See the ASX:ARF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Arena REIT Business Description

Industry Real EstateREITs
Address 8 Exhibition Street, Level 32, Melbourne, VIC, AUS, 3000
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.
79GF Score

Get the complete analysis for ASX:ARF

Days Sales Outstanding is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$2.32
Price
A$3.81
GF Value