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15 November 17:17 AEDT, delayed by 20 mins.
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Charter Hall Social Infrastructure REIT (ASX:CQE) is the largest Australian ASX listed real estate investment trust (A-REIT) that invests in social infrastructure properties.

Portfolio


 
ICONS - PROPERTIES
421
Total properties
GEARING
23.1%
Gearing
ICONS - WALE
9.9 years
Weight Average Lease Expiry
ICONS - PORTFOLIO VALUE
$1.19 billion
Total Assets
ICONS - CENTRAL LOCATION
Australia & New Zealand
Geographic Location

As at 30 June 2019.

Property Portfolio

As at 30 June 2019.


 

No.

Value ($M)

% of Total Property Assets

Passing Yield (%)

NSW/ACT

78

218.1

19.8

5.8

QLD

124

328.2

29.8

6.3

VIC

66

252.0

22.9

5.6

SA

21

52.9

4.8

6.6

WA

17

42.3

3.8

6.6

TAS/NT

4

9.0

0.8

6.2

New Zealand

48

77.2

7.0

6.0

Total Freehold358979.789.06.0

Leasehold

33

31.4

2.9

13.2

Total Operating3911,011.191.96.2
Developments13089.88.1 

Total Properties

421

1,100.9

100.0

6.2

1 Includes 1 development property contracted for disposal as at 30 June 2019

Brighton East front 1_17158 (1)
Only About Children, Camberwell Early Learning Centre, VIC

Leases

Lease Structure

  • Triple net leases – all costs including outgoings, except Qld land tax, payable by the tenant.
  • Rent, structural repairs, general repairs and maintenance, rates, taxes and other assessments, insurance premiums and charges and property management expenses are met by the tenant.
  • Tenant required to redecorate/refurbish the centre once every 5 years as directed by CQE (acting reasonably).
  • Typical lease term from commencement; 15 years plus two 5 year options.

Tenants

 

Tenants by Income

%

About

Goodstart

45.2

Goodstart Early Learning Limited (“Goodstart”) – representing 50% of the Trust’s investment property portfolio by income was formed in 2009 when it acquired the ABC Learning business. The 4 members are 4 Australian charitable organisations, consisting of The Benevolent Society, Mission Australia, the Brotherhood of St Laurence and Social Ventures Australia. Goodstart is a not-for-profit organisation.

Only About Children

10.4

Only About Children (“OAC”) representing 11% of the Trust’s investment portfolio by income is a premium private operator throughout NSW and VIC.

G8 Education

7.2

G8 Education is the largest ASX listed child care operator in Australia, representing 8% of the Trust’s investment portfolio. G8 was founded in 2006 and was listed on the ASX in December 2007.

Best Start Educare

7.1

BestStart Educare Limited (“BestStart”) – representing 7% of the Trust’s investment property portfolio by income is the largest provider of childcare in New Zealand. BestStart is a not-for-profit organisation with over 250 centres operating under different brands from Kaitaia to Invercargill. These brands include EduKids, TopKids, First Steps, Early Years, Community Kindy, Montessori, Kids to Five, ABC and Kiwicare Preschool.

The Avenues

5.6

The Avenues Group of Centres is family owned and operated since 2003 with 15 centres under their control representing 6% pf the Trust’s investment portfolio by income. The Avenues Group is committed to providing inclusive environments for children and families.

Other

24.4

Beyond our larger tenants, CQE have a further 24 tenants who occupy varying numbers of assets across the portfolio. These tenants are a combination of listed childcare operators through to small single centre operators in city, suburban and regional locations.

 

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We offer a range of investment options to a diverse range of investors.

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Important Information
This information has been prepared by Charter Hall Group (Charter Hall Limited) (ABN 57 113 531 150) and Charter Hall Social Infrastructure Limited (ABN 46 111338937; AFSL 281544) as the responsible entity for Charter Hall Property Trust (ARSN 113 339 147) (together, the Charter Hall Group or the Group). It is a summary and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. A reader should, before making any decisions in relation to their investment or potential investment in the Charter Hall Group, seek their own professional advice. This document is not an offer or invitation for subscription or purchase of securities or other financial products. Indications of, and guidance on, future earnings and financial position and performance are “forward-looking statements”. Due care and attention has been used in the preparation of any forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Group, that may cause actual results to differ materially from those expressed or implied in such statements. There can be no assurance that actual outcomes will not differ materially from these statements. Except as required by law, the Group does not undertake any obligation to publicly update or review any forward – looking statements, whether as a result of new information or future events. This material has been made available to the recipient for information purposes only. It is not intended to be, and does not constitute a Product Disclosure Statement (PDS), prospectus, short form prospectus or profile statement as those terms are defined in the Corporations Act. It does not constitute an offer for the issue, sale or purchase of any securities, or any recommendation in relation to investing in any asset. This document has been prepared without taking account of any particular investor’s objectives, financial situation or needs. Entities within the Charter Hall Group may receive fees for managing the assets of, and providing resources to each Fund. For more detail on fees, see the relevant PDS.