Charter Hall Social Infrastructure REIT - June 2022 Valuation Update and June Quarter Distributionright-arrow
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by Charter Hall Announcements

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Charter Hall Social Infrastructure REIT (ASX: CQE) today announces the results of the June 2022 property valuations.

CQE had 361 independent valuations completed for the period ending 30 June 2022, representing 100% of the property portfolio1 by gross asset value. The valuations resulted in a $101.5 million or 5.6% uplift on the prior book values.

The average passing yield on these properties has compressed 20 bps from 4.9% to 4.7%.

The unaudited impact of the valuations announced today represent a $0.28, or 7.4% increase on the December 2021 NTA per unit of $3.782.

June Quarter FY22 Distribution
As previously announced on 23 June 2022, CQE has declared the distribution for the quarter ending 30 June 2022 of 4.4 cents per unit.

The distribution reinvestment plan will be active for this period.

CQE will report the REIT’s Financial Year 2022 Results on 15 August 2022.

Announcement Authorised by the Board

1 Excluding acquisitions, disposals, childcare developments completed since 31 December 2021 and childcare developments underway.
2 Subject to audit and finalisation of statutory accounts. Excludes movement in working capital, securities and derivative valuations.

 

Click here to view the PDF ASX Announcement