BUZZ — Australia's Arena Reit rises, Morningstar maintains fair value estimate

(Updates) * Arena Reit No 1 rises as much as 1.5% to A$2.435 * Analysts at Morningstar keep fair value estimate on ARF at A$3.5 per security * Morningstar says Arena's tenant Edge confirming sales of learning centres helps resolve a potential crisis * Morningstar believes the 27 centres owned by Arena and occupied by Edge should find new operators within FY27, raises FY27 occupancy forecast by 4% to 99% * Research investment firm assigns Arena an "Uncertainty Rating" of medium, calling its income as relatively predictable, given long leases from tenants in childcare and healthcare * Five of nine analysts rate ARF "buy" or higher, three "hold" and one "sell"; their median PT is A$2.65, according to data compiled * ARF down 31.9% YTD, including the session's moves (Reporting by Rudrannsh Mehra and Paridhi Minda in Bengaluru) ((Rudrannsh.Mehra@thomsonreuters.com Paridhi.minda@thomsonreuters.com)