Charter Hall Social Infrastructure REIT - June 2023 Property Valuation Update and June Quarter Distribution
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Charter Hall Social Infrastructure REIT (ASX: CQE) today announces the results of the June portfolio valuations.
CQE had 361 independent valuations completed for the period ending 30 June 2023, representing 100% of the portfolio1 by gross asset value.
The valuations resulted in a net decrease of $10.0 million or 0.5% on prior book values. The average passing yield on these properties has increased by 12 basis points from 4.85% to 4.97%.
June Quarter Distribution
On 14 June 2023, CQE also declared the distribution for the quarter ending 30 June 2023 of 4.3 cents per unit.
The distribution reinvestment plan will be active for this period.
CQE will report its Financial Year 2023 Results on 11 August 2023.
Announcement Authorised by the Board
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