Charter Hall Retail REIT - June 2022 Valuation Update and 2HFY22 Distribution
Share this page
LINKEDIN
FACEBOOK
TWITTER
EMAIL
2 mins
Share
By proceeding you confirm that you are a resident of Australia or New Zealand accessing this website from within Australia or New Zealand and you represent, warrant and agree that:
- you are not in the United States or a “U.S. person”, as defined in Regulation S under the U.S. Securities Act of 1933, as amended (“U.S. Person”), nor are you acting for the account or benefit of a U.S. Person;
- you will not make a copy of the documents on this website available to, or distribute a copy of such documents to, or for the account or benefit of, any U.S. Person or any person in any other place in which, or to any other person to whom, it would be unlawful to do so; and
- the state, territory or province and postcode provided by you below for your primary residence in Australia or New Zealand are true and accurate.
Unfortunately, legal restrictions prevent us from allowing you access to this website. If you have any questions, please contact us by e-mail by clicking on the link below.
Charter Hall Retail REIT (CQR) today announces the results of June portfolio valuations and the 2HFY22 distribution.
CQR had 100% of the portfolio independently valued as at 30 June 2022.
The valuations resulted in a $185 million, or 4.5% increase on prior book values inclusive of forecast capital expenditure1. The overall portfolio value has increased from $4,010 million to $4,255 million2 and the portfolio average cap rate has compressed 19bps from 5.39% to 5.20%.
The shopping centre convenience retail portfolio cap rate has compressed 21bps from 5.66% to 5.45% and the Long WALE convenience retail portfolio cap rate has compressed 5bps from 4.37% to 4.32%.
The unaudited impact of the valuations announced today represent a $0.26, or 5.7% increase on the December 2021 NTA of $4.54. This excludes movements in working capital, derivatives and FX.3
1HFY22 Distribution
CQR also declares the distribution for the period ending 30 June 2022 of 12.8 cents per unit.
The distribution reinvestment plan will not be active for this period.
CQR will report the REIT’s Financial Year 2022 Results on 23 August 2022.
Announcement Authorised by the Board
1 Estimated to be $35 million for the six months ending 30 June 2022
2 Includes net acquisitions of $60 million over six months to 30 June 2022.
3 Subject to audit and finalisation of statutory accounts.
Click here to view the PDF ASX Announcement
Related News
.tmb-news.jpg?sfvrsn=410360ec_1 "ASX Announcement")
Charter Hall Group - Notice of 2023 Annual General Meeting of Securityholders and Explanatory Memorandum
Read more.tmb-news.jpg?sfvrsn=2e7e2809_1 "ASX Announcement")
Charter Hall Retail REIT - Notice of 2023 Annual General Meeting of Unitholders and Explanatory Memorandum
Read morec04cf533418b45a2a0142e5da4e32aff.tmb-news.jpg?sfvrsn=6ed9caa5_1 "ASX Announcement")
Charter Hall Long WALE REIT - Notice of Annual 2023 General Meeting and Explanatory Memorandum
Read moreTalk to us
Thanks for your interest in Charter Hall. Fill in your details below and we’ll get back to you as soon as possible.
I am interested in
Enquiry
*Indicates that this field is required.
All personal information submitted will be treated in accordance with our privacy policy.
By registering and/or submitting personal data to Charter Hall, you agree that, where it is permitted by law and in accordance with our Privacy Statement or where you have agreed to receive communications from us, Charter Hall may use this information to notify you of our products and services and seek your feedback on our products and services. Please note you can manually opt out of any communications.
Talk to us
Thanks for your interest in Charter Hall. Fill in your details below and we’ll get back to you as soon as possible.
I am interested in
Enquiry
*Indicates that this field is required.
All personal information submitted will be treated in accordance with our privacy policy.
By registering and/or submitting personal data to Charter Hall, you agree that, where it is permitted by law and in accordance with our Privacy Statement or where you have agreed to receive communications from us, Charter Hall may use this information to notify you of our products and services and seek your feedback on our products and services. Please note you can manually opt out of any communications.
-
© Charter Hall Group, 2023.
- Terms of Use
- Privacy Policy
- Complaints Guide
- Feedback
