Charter Hall Social Infrastructure REIT’s re-valuations in the last quarter have shown a $175m uplift across 341 assets, up 11.9% on the prior period.
The REIT is the largest Australian ASX-listed real estate investment trust (A-REIT) that invests in social infrastructure properties. The portfolio comprises approximately 353 child care assets along with the Mater Headquarters & Training Facilitie, the Brisbane Bus Terminal and the SA Emergency Centre.
The valuations of the entire portfolio reflected an average compression in cap rates of 60 bps from 5.6% to 5.0%.
The unaudited impact of the valuations will contribute to the increase in the estimated NTA per unit from $3.25 to $3.722, a $0.47 or 14.5% increase on the June 2021 NTA per unit.
Charter Hall also announce that the development of the South Australian Emergency Services Command Centre has now completed and been handed over to the tenant, the South Australian Government.
CQE also declared the distribution for the December 2021 quarter of 4.225 cents per unit with the dividend reinvestment plan active for this period.
CQE will report the Half-Year Results for the Financial Year 2022 on Thursday, 17 February 2022.
Premium Members can find all Charter Hall Social Infrastructure REIT Articles, trading Analysis, Annual Reports and Presentations here
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