Charter Hall Retail REIT Distribution for the Half Year Ended 30 June 2013
Charter Hall Retail Management Limited, as responsible entity for Charter Hall Retail REIT (ASX:CQR) (the ‘REIT’), is pleased to declare a distribution of 13.5 cents per unit for the half year ending 30 June 2013. The full year distribution of 26.8 cents per unit for FY13 represents a 2.7% increase over the prior financial year.
Proposed payment details are:
|Distribution:||13.5 cents per ordinary unit|
|Record date:||28 June 2013 (5.00pm)|
|Units trade ex-distribution:||24 June 2013|
|Payment date:||On or about 21 August 2013|
The Distribution Reinvestment Plan (DRP) will remain active with the DRP issue price determined at a discount of 1.0% to the volume weighted average market price of units traded on the ASX during the 10 business days from and including the ex-distribution date.
Notification of election to participate in the DRP must be lodged with Link Market Services Limited before 5.00pm AEST on 28 June 2013 (Record Date). DRP units will be allotted on or around 21 August 2013.
Scott Dundas, Fund Manager of Charter Hall Retail REIT said: “The increased distribution reflects the continuing strong performance of the REIT’s resilient non-discretionary Australian portfolio.”
For further information, please contact:
Charter Hall Retail REIT
T: +61 8295 1009
General Manager Finance
Charter Hall Retail REIT
T: +61 8295 1023
Head of Listed Investor Relations
T: +61 2 8295 1016
Head of Marketing and Communications
T: +61 2 8908 4093
About Charter Hall Retail REIT:
Charter Hall Retail REIT is a leading listed real estate investment trust with a portfolio of predominantly Australian high quality supermarket anchored neighbourhood and sub-regional shopping centres.
Charter Hall Retail REIT is managed by Charter Hall Group (ASX:CHC), one of Australia's leading fully integrated property groups, with over 22 years' experience managing high quality property on behalf of institutional, wholesale and retail clients. Charter Hall has $10 billion of funds under management across the office, retail and industrial sectors. The Group has offices in Sydney, Melbourne, Brisbane, Adelaide and Perth. The Group's success is underpinned by a highly skilled and motivated team with diverse expertise across property sectors and risk-return profiles. Sustainability is a key element of its usiness approach and by ensuring its actions are commercially sound and make a difference to its people, customers and the environment, Charter Hall can make a positive impact for its investors, the community and the Group. For further information on Charter Hall Group and Charter Hall Retail REIT go to www.charterhall.com.au