Arena REIT (ARF) $3.92

ARF has edged higher this FY, but many of its peers have declined. Subscribers can see on the MM website that brokers like ARF, with six of the nine who cover the stock calling it a buy. The Arena REIT No.1 is an Australia-based company that owns, manages, and develops social infrastructure properties across Australia. It pays shareholders a steady/sustainable 4.4% unfranked yield, though it’s hard to get too excited on this name.

• We see no compelling reason to buy ARF at this stage.