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Charter Hall Social Infrastructure REIT (ASX: CQE) today announces the results of the December 2022 property valuations. CQE had 100%1 of the portfolio by gross asset value independently valued as at 31 December 2022.
The valuations resulted in a $16.3 million or 0.8% uplift on the prior book values. The average passing yield on these properties has expanded 6 bps from 4.70% to 4.76%.
The unaudited impact of the valuations announced today are expected to increase CQE’s pro-forma June 2022 NTA per unit from $4.08 to $4.122, a 4 cents per unit, or 1.0% increase.
CQE will report the Half-Year FY23 Results on Tuesday 14 February 2023.
Announcement Authorised by the Board
Click here to view the PDF ASX Announcement