ARF – Macquarie rates the stock as Outperform
Arena REIT has undertaken a $60m equity raising. Macquarie notes the balance sheet gearing will decline to 17.6%, materially below the target range of 35-40%.
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ARF – Macquarie rates the stock as Neutral
FY19 earnings are in line with expectations. FY20 distribution guidance of 14.3c per security was reaffirmed.
Read MoreARF – Deutsche Bank rates the stock as Sell
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.
Read MoreARF – Macquarie rates the stock as Downgrade to Neutral from Outperform
First half results were in line with Macquarie’s estimates. FY19 distribution guidance has been reaffirmed.
Read MoreChecking In On The Childcare Sector
The listed childcare sector has been popular with investors, but emerging oversupply and affordability issues mean that all is not well in the sandpit. The operators are banking on the government’s revised subsidy scheme to revive their fortunes.
Read MoreARF – Morgan Stanley rates the stock as Overweight
First half results were ahead of Morgan Stanley, driven by development NOI and lower costs.
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