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Charter Hall Retail REIT
(Sydney:CQR)
Charter Hall Retail REIT (CQR) vs. S&P 500 (SPY)
Charter Hall Retail REIT Business Overview & Revenue Model
Charter Hall Retail REIT Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 215.60M | 214.40M | 205.60M | 191.60M | 206.10M | Gross Profit |
| 129.60M | 129.00M | 122.60M | 112.40M | 127.50M | EBIT |
| 125.00M | 109.40M | 167.20M | 120.00M | 109.30M | EBITDA |
| 116.80M | 691.20M | 315.10M | 120.00M | 85.50M | Net Income Common Stockholders |
| 17.20M | 37.80M | 663.60M | 291.20M | 44.20M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 18.70M | 22.40M | 21.80M | 19.30M | 80.50M | Total Assets |
| 3.80B | 4.10B | 4.04B | 3.34B | 3.11B | Total Debt |
| 1.04B | 1.20B | 1.04B | 883.50M | 830.40M | Net Debt |
| 1.02B | 1.18B | 1.02B | 864.20M | 749.90M | Total Liabilities |
| 1.18B | 1.35B | 1.19B | 1.04B | 968.00M | Stockholders Equity |
| 2.62B | 2.75B | 2.85B | 2.31B | 2.14B |
| Cash Flow | Free Cash Flow | |||
| 148.60M | 91.20M | -54.60M | 179.00M | 132.90M | Operating Cash Flow |
| 148.60M | 162.20M | 158.20M | 179.00M | 132.90M | Investing Cash Flow |
| 165.40M | -161.70M | -212.80M | -238.20M | -150.10M | Financing Cash Flow |
| -317.70M | 100.00K | 57.10M | -2.00M | 92.90M |
Charter Hall Retail REIT Technical Analysis
Charter Hall Retail REIT Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$10.81B | 13.22 | 7.73% | 6.04% | 1.97% | 156.14% | |
73 Outperform | €2.22B | 13.22 | 6.37% | 7.31% | -7.70% | ― | |
64 Neutral | $18.83B | 17.89 | 5.94% | 4.87% | 5.05% | 500.30% | |
60 Neutral | $2.79B | 11.37 | 0.20% | 8519.74% | 6.07% | -14.95% | |
57 Neutral | AU$19.11B | 77.76 | 0.93% | 2.20% | 7.18% | ― | |
54 Neutral | $8.96B | ― | -1.94% | 5.26% | 8.59% | 16.36% | |
52 Neutral | $8.08B | ― | -9.22% | 5.51% | 0.32% | 28.89% |
Charter Hall Retail REIT Corporate Events
Milford Asset Management Limited has reduced its voting power in Charter Hall Retail REIT from 6.525% to 5.514%, reflecting a decrease in its holdings of fully paid ordinary shares. This change in substantial holding may impact the company’s shareholder dynamics and influence future decision-making processes.
Charter Hall Retail REIT announced a change in the director’s interest, with David William Harrison acquiring 100,978 additional securities through an on-market trade, increasing his total holdings to 235,356. This acquisition reflects a significant increase in direct ownership, potentially indicating confidence in the company’s future performance and aligning the director’s interests with those of the shareholders.
Charter Hall Retail REIT has successfully completed the compulsory acquisition of all outstanding ordinary stapled securities in Hotel Property Investments, making it the registered holder of 100% of HPI’s securities. This acquisition strengthens Charter Hall’s position in the property investment sector, potentially enhancing its market influence and providing strategic growth opportunities for its stakeholders.
Charter Hall Retail REIT has announced a fund payment notice for its interim distribution for the period ending 31 December 2024. The total distribution is 12.30 cents per ordinary unit, with a fund payment amount of 16.6640 cents per unit, which is relevant for non-resident unitholders and custodians. This announcement underscores Charter Hall’s commitment to delivering value to its investors and maintaining its position as a leading property owner for convenience retailers.
Charter Hall Wholesale Management Limited, acting as trustee for the CH Investment Trust and CH Investment Co Trust, has announced a change in the interests of substantial holders regarding Hotel Property Investments (HPI). The change in interest reflects a shift in voting power from 90.86% to 93.48% of the fully paid ordinary stapled securities in the company. This adjustment results from the acquisition of additional securities through an off-market takeover bid, indicating a strategic move to consolidate control over HPI.
Charter Hall Retail REIT has announced a change in the director’s interest notice, specifically concerning Michael Gorman, a director of the company. Michael Gorman increased his indirect interest in the company by acquiring 17,700 shares through an on-market trade at $3.41 per unit, raising his total holding to 42,769 shares. This acquisition reflects a potential vote of confidence in the company’s future prospects, potentially impacting the perception of stakeholders and market positioning.
Charter Hall Wholesale Management Limited, acting as a trustee for the CH Investment Trust and the CH Investment Co Trust, has initiated a compulsory acquisition process to obtain all remaining securities of Hotel Property Investments (HPI) after securing over 90% interest through an off-market takeover offer. This move will consolidate Charter Hall’s position in the property investment market, potentially affecting HPI’s current stakeholders as trading in HPI securities is expected to be suspended and eventually removed from the ASX official list.
Charter Hall Retail REIT, in collaboration with Host-Plus Pty Limited, has successfully acquired over 90% of Hotel Property Investments securities and plans to initiate a compulsory acquisition process for the remaining shares. This strategic move is expected to enhance Charter Hall’s market positioning within the property investment sector and align with its growth strategies, potentially delivering superior returns for investors.
Charter Hall Retail REIT, in conjunction with Hostplus, has successfully acquired over 90% of the securities of Hotel Property Investments Limited (HPI). This acquisition permits the initiation of a compulsory acquisition process under the Corporations Act 2001, which will lead to the cessation of HPI securities trading on the ASX. The HPI Board advises securityholders to accept the Bidder’s Offer to realize their investments promptly. The offer deadline is set for 7pm on 14 March 2025.
Charter Hall Wholesale Management Limited, acting as trustee, reported a change in its interests in Hotel Property Investments (HPI), a company focused on property investments in the hotel sector. Charter Hall and its associated entities have increased their voting power in HPI from 85.43% to 90.86%, following an acquisition of additional shares through an off-market takeover bid. This increase in voting power may strengthen Charter Hall’s influence over HPI’s strategic decisions and operations, potentially impacting stakeholders and market dynamics in the hotel property investment sector.
Charter Hall Retail REIT announced the appointment of Lianne Buck as a director, effective February 14, 2025. This move signifies the company’s ongoing efforts to strengthen its leadership team, potentially enhancing its strategic direction and operational effectiveness. The announcement may impact stakeholder perceptions positively, suggesting a commitment to robust corporate governance.
Charter Hall Retail REIT, a part of the real estate investment sector, focuses on managing and investing in retail properties across Australia. The company’s recent half-year results highlight its strategic objectives and operational performance, although specific financial figures or outcomes were not included in the release. The acknowledgment of traditional custodians reflects its commitment to social responsibility, indicating a broader engagement with community and cultural values.
Charter Hall Retail REIT reported strong financial and operational results for the first half of the fiscal year 2025, with notable operating earnings and a stable occupancy rate in its convenience retail portfolio. The company has been actively involved in acquisitions and divestments, including increasing its stake in Hotel Property Investments Ltd to 85.4% and selling non-core assets to focus on high-quality convenience retail properties. These strategic moves aim to bolster the REIT’s income growth profile and enhance its market positioning. The portfolio saw positive valuation movements, driven by rental growth and strategic investments, reflecting a robust income growth potential for stakeholders.
Charter Hall Retail REIT reported a statutory profit of $108.6 million for the half year ending 31 December 2024, a significant turnaround from a $42.1 million loss in the previous corresponding period. The decline in operating earnings to $73.1 million was attributed to asset disposals and higher finance costs, though somewhat offset by increased net property income from a stable portfolio. The company maintained its interim distribution of 12.30 cents per unit and highlighted that its Distribution Reinvestment Plan was not active during this period.
Charter Hall Wholesale Management Limited, acting as trustee for various investment trusts, has increased its voting power in Hotel Property Investments (HPI) from 79.25% to 85.43%. This change results from the acquisition of additional Stapled Securities through an off-market takeover bid. The increased stake in HPI indicates Charter Hall’s strategic move to solidify its influence within the company, potentially impacting its operations and stakeholder relations.
Charter Hall Wholesale Management Limited, acting as trustee for various investment trusts, has announced a change in its substantial holding in Hotel Property Investments (HPI). The company’s voting power in HPI has increased from 76.75% to 79.25% following the acquisition of additional stapled securities. This move reflects Charter Hall’s strategic positioning to strengthen its influence and control within the retail property investment sector, potentially impacting stakeholders by reinforcing its market presence.
Milford Asset Management Limited has increased its voting power in Charter Hall Retail REIT from 6.486% to 7.579%, indicating a significant increase in their influence over the company. This change in substantial holding reflects a growing interest from Milford Asset Management in the retail property sector, potentially impacting Charter Hall Retail REIT’s strategic decisions and stakeholder dynamics.