Charter Hall Social Infrastructure REIT (ASX:CQE) is the largest Australian ASX-listed real estate investment trust that invests in social infrastructure properties.
CQE has strong property fundamentals with its long weighted average lease expiry portfolio and strong tenant mix in the childcare sector that benefits from significant government support. We continued to focus on improving portfolio quality and tenant covenants through a combination of new leasing transactions, acquisitions, disposals and completion of developments.
"The COVID-19 pandemic has resulted in significant challenges for the childcare sector, however the Government support has demonstrated the essential nature of the sector. Our focus has been to strengthen CQE’s balance sheet with gearing reduced to 16.4% whilst focussing on improving the overall WALE of the portfolio. CQE is well capitalised to manage the ongoing impact of the COVID-19 pandemic and to take advantage of any attractive long WALE social infrastructure opportunities that may arise in the future.”
Travis Butcher
Fund Manager
Dear Unitholder
Charter Hall Social Infrastructure REIT (CQE or the REIT) continues its focus on enhancing its social infrastructure portfolio with a diligent approach to asset acquisitions and disposals, as well as leasing and development, matched with prudent capital management.
Charter Hall Social Infrastructure REIT (ASX:CQE) continues its focus on enhancing its social infrastructure portfolio with a diligent approach to asset acquisitions and disposals, as well as leasing and development, matched with prudent capital management.
Charter Hall Group (ASX:CHC) has had an active period, driving FUM growth of $10.1bn. This growth has been achieved through continued partnership with our tenant customers, while maintaining returns for our investor customers.
Charter Hall Group’s climate resilience strategy extends across our diversified business model and supports our long-term investments to meet future challenges.
Charter Hall Retail REIT's (ASX:CQR) focus remains on providing a secure and growing income stream for our investors. We achieve this through maintaining our position as the leading owner and manager of property for convenience retailers.
Charter Hall Long WALE REIT (ASX:CLW) focuses on providing secure and growing income streams for investors through its exposure to a long weighted average lease expiry (WALE) portfolio of properties, diversified across sectors.