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Arena REITASX:ARF 84 Debt-to-EBITDA is 2.03 as of Dec. 2025, which is 25% below its 10-year median of 2.71. GuruFocus rates ASX:ARF with a GF Score™ of 84/100 and a GF Value™ of A$3.54 (Fairly Valued). The stock has 5 warning signs investors should review. Among 578 REITs companies, Arena REIT ranks better than 85.99% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Arena REIT's Debt-to-EBITDA or its related term are showing as below:
ASX:ARF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.95 Med: 2.71 Max: 5.3
Current: 2.78
During the past 13 years, the highest Debt-to-EBITDA Ratio of Arena REIT was 5.30. The lowest was 0.95. And the median was 2.71.
ASX:ARF's Debt-to-EBITDA is ranked better than 85.99% of 578
companies
in the REITs industry
Industry Median: 6.49
vs ASX:ARF: 2.78
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Arena REIT Debt-to-EBITDA Related Terms
Arena REIT Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Arena REIT's Debt-to-EBITDA 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.
ASX:ARF vs EQIX, AMT, DLR: Debt-to-EBITDA Comparison
For the REIT - Specialty subindustry, Arena REIT's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Arena REIT's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Arena REIT's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is two times the quarterly (Dec. 2025) EBITDA data.
Arena REIT (ASX:ARF) has a Debt-to-EBITDA of 2.03 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Arena REIT. This is 25% below median its historical median of 2.71. Over the past decade, Arena REIT's Debt-to-EBITDA has ranged from 0.95 to 5.30. According to the industry distribution chart, Arena REIT ranks #81 out of 578 companies in the REITs industry, placing it in the top 14%.
Is Arena REIT's Debt-to-EBITDA too high?
Arena REIT's current Debt-to-EBITDA of 2.03 is 25% below median its 10-year median of 2.71. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 5.30. The REITs industry median Debt-to-EBITDA is 6.49. Arena REIT's value of 2.03 is 68.7% below this industry median. Based on the distribution chart, Arena REIT ranks #81 out of 578 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Arena REIT has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Arena REIT's Debt-to-EBITDA compare to EQIX and AMT?
According to the REITs industry distribution chart, Arena REIT ranks #81 out of 578 companies for Debt-to-EBITDA. This places Arena REIT in the top 14% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 6.49. Arena REIT's value of 2.03 is 68.7% below this benchmark. Historically, Arena REIT's own Debt-to-EBITDA has ranged from 0.95 to 5.30 over the past decade. While the company's 10-year median is 2.71 vs. the industry median of 6.49, 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 Debt-to-EBITDA for a REITs company?
The median Debt-to-EBITDA among REITs companies is 6.49, based on 578 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Arena REIT's current Debt-to-EBITDA of 2.03 is 68.7% 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Arena REIT. For the REITs industry, the median Debt-to-EBITDA is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arena REIT's current Debt-to-EBITDA is 2.03, which is 25% below median its own 10-year median of 2.71. 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 Fairly Valued. The stock's GF Value™ is A$3.54, compared to a current price of A$3.30 — trading 6.8% below its estimated fair value. The current Debt-to-EBITDA is 2.03, which is 25% below median its 10-year median of 2.71 and 68.7% below the REITs industry median of 6.49. Arena REIT's overall GF Score™ is 84/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Arena REIT (ASX:ARF), the current Debt-to-EBITDA is 2.03 as of Dec. 2025. 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$3.30 is trading 6.8% below its estimated GF Value™ of A$3.54.
GuruFocus considers Arena REIT to be Fairly Valued.
Key valuation signals for ASX:ARF:
Debt-to-EBITDA: 2.03 (25% below median its 10-year median of 2.71)
GF Value™: A$3.54 vs. price of A$3.30 (6.8% below fair value)
Industry Position: 68.7% below the REITs median (#81 of 578)
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 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.
84GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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