Fund at glance
- Properties 72
- Portfolio valuation $2.7 billion
- Occupancy 98%
- NTA per unit $4.1
With a focus on supermarket anchored non‑discretionary retail, we manage a $2.7 billion Australian retail portfolio. We optimise returns for our investors and create enjoyable environments for the 100 million shopper visitations to our centres each year, by providing end-to-end property services to our entire portfolio.
Charter Hall Retail REIT invests in high quality Australian supermarket anchored neighbourhood and sub‑regional shopping centres. Our Australian portfolio is geographically diverse and benefits from exposure to key markets along the eastern seaboard and across a number of high growth regions in Western Australia and Queensland.
Charter Hall Retail REIT is managed by Charter Hall Group (ASX:CHC), one of Australia’s leading property groups which owns and manages office, retail and industrial properties. Charter Hall has over 26 years experience managing high quality office, retail and industrial property on behalf of institutional, wholesale and retail clients, with funds under management totalling $19 billion.
CQR Managed Investment Trusts Notice
MANAGED INVESTMENT TRUSTS – PROFORMA NOTICE FOR CUSTODIAN AND OTHER INTERMEDIARY INVESTORS IN RESPECT OF THE 28 FEBRUARY 2017 INTERIM DISTRIBUTION
Record date: 30 December 2016
Payable date: 28 February 2017
Total distribution: 14.10 cents per ordinary unit
Charter Hall Retail REIT Half Year Results
Charter Hall Retail REIT (ASX:CQR) (the REIT) today announced its results for the half year to 31 December 2016.
Key financial results:
- Statutory profit of $178.9 million, a 71.4% increase from prior corresponding period (pcp)
- Operating earnings of $61.7 million, 15.21 cents per unit, a 0.2% increase from pcp
- Distributions of 14.1 cents per unit, up 0.7% from pcp
- Balance sheet gearing of 32.1% remains towards the lower end of the range
- Look through gearing of 35.3% remains in the middle of target range
- Portfolio value of $2.7 billion, up 6.5% from $2.5 billion at June 2016
- Net tangible assets (NTA) up 8.2% from June 2016 to $4.10 per unit
- Weighted average debt maturity of 6.0 years
- Cash and undrawn debt capacity of $128 million
Charter Hall Retail REIT December 2016 asset revaluations
- CQR portfolio valued at $2,695.8 million, up 5.2%
- 100% of stabilised assets externally and independently valued
- Portfolio weighted average capitalisation rate (WACR) firming by 29 bps
Charter Hall Retail Management Limited ABN 46 069 709 468, AFSL 246996 hereby notifies that it will rely on ASIC Class Order 13/655 in respect of the Charter Hall Retail REIT ARSN 093 143 965 (ASX: CQR).
This information has been prepared by Charter Hall Retail Management Limited (formerly Macquarie CountryWide Management Limited) ABN 46 069 709 468 AFSL 246996 ("CHRML") for information purposes only. This website is not an offer to sell or a solicitation or an offer to subscribe or purchase or a recommendation of any securities referred to herein and the information has not taken into account any potential investors' personal objectives, financial situation or needs. Before investing, you should consider your own objectives, financial situation and needs or you should obtain financial, legal and/or taxation advice.
CHRML does not receive fees in respect of the general financial product advice they may provide, however they will receive fees for operating Charter Hall Retail REIT (Scheme) which, in accordance with the Scheme's Constitution, are calculated by reference to the value of the assets of the Scheme. Entities within the Charter Hall Group may also receive fees for managing the assets of, and providing resources to the Scheme. For more detail on fees, see our latest annual report. To contact us, call 1300 365 585 (local call cost).
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About the Manager
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Reports and Presentations
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