Arena REITASX:ARF 85 ROA % is 11.42% as of Dec. 2025, which is 28% above its 10-year median of 8.95. GuruFocus rates ASX:ARF with a GF Score™ of 85/100 and a GF Value™ of A$3.54 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 938 REITs companies, Arena REIT ranks better than 81.77% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Arena REIT's annualizedNet Income for the quarter that ended in Dec. 2025 was A$219.3 Mil.
Arena REIT's average Total Assets over the quarter that ended in Dec. 2025 was A$1,921.3 Mil. Therefore, Arena REIT's annualized ROA % for the quarter that ended in Dec. 2025 was 11.42%.
The historical rank and industry rank for Arena REIT's ROA % or its related term are showing as below:
ASX:ARF'
s ROA % Range Over the Past 10 Years
Min: 3.6 Med: 8.95 Max: 25.04
Current: 8.27
During the past 13 years, Arena REIT's highest ROA % was 25.04%. The lowest was 3.60%. And the median was 8.95%.
ASX:ARF's ROA % is ranked better than 81.77% of 938
companies
in the REITs industry
Industry Median: 3.23
vs ASX:ARF: 8.27
Arena REIT (ASX:ARF) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Arena REIT ROA % Related Terms
Arena REIT ROA % Historical Data
* Premium members only.
The historical data trend for Arena REIT's ROA % 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.
For the REIT - Specialty subindustry, Arena REIT's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs REITs Industry
For the REITs industry and Real Estate sector, Arena REIT's ROA % distribution charts can be found below:
* The bar in red indicates where Arena REIT's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Arena REIT (ASX:ARF) has a ROA % of 11.42% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Arena REIT and its competitors. This is 28% above median its historical median of 8.95. Over the past decade, Arena REIT's ROA % has ranged from 3.60 to 25.04. According to the industry distribution chart, Arena REIT ranks #171 out of 938 companies in the REITs industry, placing it in the top 18.2%.
Is Arena REIT's ROA % too high?
Arena REIT's current ROA % of 11.42% is 28% above median its 10-year median of 8.95. Over the past 10 years, this metric has ranged from a low of 3.60 to a high of 25.04. The REITs industry median ROA % is 3.23. Arena REIT's value of 11.42% is 253.6% above this industry median. Based on the distribution chart, Arena REIT ranks #171 out of 938 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 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Arena REIT's ROA % compare to EQIX and AMT?
According to the REITs industry distribution chart, Arena REIT ranks #171 out of 938 companies for ROA %. This places Arena REIT in the top 18% of its industry — outperforming the majority of peers. The industry median ROA % is 3.23. Arena REIT's value of 11.42% is 253.6% above this benchmark. Historically, Arena REIT's own ROA % has ranged from 3.60 to 25.04 over the past decade. While the company's 10-year median is 8.95 vs. the industry median of 3.23, Arena REIT has consistently been above 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 ROA % for a REITs company?
The median ROA % among REITs companies is 3.23, based on 938 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Arena REIT's current ROA % of 11.42% is 253.6% above 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Arena REIT and its competitors. For the REITs industry, the median ROA % is 3.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arena REIT's current ROA % is 11.42%, which is 28% above median its own 10-year median of 8.95. 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 Modestly Undervalued. The stock's GF Value™ is A$3.54, compared to a current price of A$3.19 — trading 9.9% below its estimated fair value. The current ROA % is 11.42%, which is 28% above median its 10-year median of 8.95 and 253.6% above the REITs industry median of 3.23. Arena REIT's overall GF Score™ is 85/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Arena REIT (ASX:ARF), the current ROA % is 11.42% 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$3.19 is trading 9.9% below its estimated GF Value™ of A$3.54.
GuruFocus considers Arena REIT to be Modestly Undervalued.
Key valuation signals for ASX:ARF:
ROA %: 11.42% (28% above median its 10-year median of 8.95)
GF Value™: A$3.54 vs. price of A$3.19 (9.9% below fair value)
Industry Position: 253.6% above the REITs median (#171 of 938)
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.
85GF Score
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