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Charter Hall Retail REIT (ASX: CQR) announces that in light of the uncertain environment and potential extended duration of the COVID-19 pandemic, it is withdrawing its FY20 earnings and distribution guidance.
CQR remains well capitalised with no debt maturities until FY22, over $150m in available liquidity through cash and undrawn bank lines and the ability to fully fund its future commitments. CQR notes that Moody’s also recently re-affirmed its Baa1 credit rating.
Charter Hall Retail, CEO, Greg Chubb said:
“Our priority at the current time is to ensure the safety of our customers, our tenants and our staff. We continue to partner with our tenants to ensure our convenience focused portfolio of supermarket anchored centres remain open and fulfil their important role as providers of every day and essential needs for our customers.”
Announcement authorised by the Board