Charter Hall Retail REIT - June 2022 Valuation Update and 2HFY22 Distribution

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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