Charter Hall Retail

Charter Hall Retail REIT (ASX:CQR) released FY23 results, with earnings up 1.5% against the corresponding period, with 25.80 cents per unit distributions.

Charter Hall Retail REIT (ASX: CQR) is pleased to announce the sale and settlement of Brickworks Marketplace, SA for $85 million1. Brickworks Marketplace was held in RP1, which CQR has a 50% interest in alongside Telstra Super.

Charter Hall Group provided an update on property revaluations for the period ending June 30, 2023 showing an overall -2.8% decline in valuations.

Charter Hall Long WALE Investment Partnership 2 has agreed to acquire two additional Endeavour leased assets and to sell an 18% interest in the Fund to the Charter Hall Retail REIT (CQR).

Charter Hall Group notes that in accordance with the Group’s 6-monthly valuation process, approximately 97% of Group platform properties have been independently valued, providing a net valuation uplift of circa $210 million at 31 December, 2022, subject to audit and relevant fund Board approvals of financial statements. As a result …

Charter Hall Retail REIT has further expanded its relationship with Ampol Limited, growing its exposure to income from triple net (NNN) leases directly linked to CPI

Charter Hall Retail’s CEO, Ben Ellis said: “FY22 was another year of the CQR portfolio demonstrating its resilience. Notwithstanding the on-going impacts of the pandemic affecting store openings during the year, we delivered earnings growth of 4% and distribution growth of 4.7% per unit.

Charter Hall Retail REIT will expand its Long WALE Convenience Retail portfolio with the acquisition of a portfolio of 18 Gull service stations in New Zealand.

Charter Hall have released the results of their June year end valuations for their Long WALE REIT, Retail REIT and Social Infrastructure REIT covering some 2,400 properties.

Charter Hall Retail REIT announces its 1H FY22 results for the period ended 31 December 2021 with earnings up 8% on the pcp as the sector recovers from previous COVID impacts.

The Charter Hall Retail REIT continues to benefit from cap rate compression in the retail and convenience sectors

Charter Hall Retail REIT has acquired a 49% interest in a portfolio of 20 triple net leased (NNN) Ampol Fuel & Convenience Retail Centres for $50.5 million on an attractive 5.0% cap rate.

Charter Hall's Retail Convenience REIT results issued today shows the resilience in the Neighbourhood retail sector with a 9.5% increase in earnings following the expansion of the BP and Coles fuel station convenience stores

The latest round of valuation gains have provided Charter Halls portfolio with a $3.3bn boost in value over the past 6 months taking the Group's FUM to $52bn.

Charter Hall Retail REIT has acquired the Butler Shopping Centre in WA for $51.2M, reflecting a 6.0% cap rate.