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News on REITS & Property Groups

Convenience is Key to Charter Hall Retail FY22 Growth

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.

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SCentre Expects 5.2% Growth in 2023

Scentre Group today released its results for the six months to 30 June 2022 with Operating Profit of $540.5 million (10.4 cents per security) up 17.5% compared to the prior corresponding period and Funds From Operations (FFO) of $548.6 million (10.6 cents per security), up 18.3%.

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Lendlease Looks to Improving Conditions

Lendlease announced a statutory loss of $99m for FY22 but has seen conditions improve over the last 6 months with core operating profit rising to $248 million, up from $28 million in the first half.

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Charter Hall receives green light for new Chifley tower development

Charter Hall Group (Charter Hall or the Group) is pleased to announce a significant milestone for its plans to deliver a state-of-the-art workplace precinct, with the planning proposal for a second tower at 2 Chifley Square in Sydney’s CBD receiving official endorsement from City of Sydney overnight.

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