The company has settled or has exchanged contracts on, acquisitions of social infrastructure properties worth $62m. These includes three specialist disability accommodation properties, three early learning centre properties and five early learning centre developments.
Deutsche Bank also notes the company is in exclusive due diligence on around $30m of new opportunities. Deutsche Bank maintains a Sell rating with a $2.40 target.
Sector: Real Estate.
Target price is $2.40.Current Price is $2.70. Difference: ($0.30) – (brackets indicate current price is over target). If ARF meets the Deutsche Bank target it will return approximately -13% (excluding dividends, fees and charges – negative figures indicate an expected loss).
