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Charter Hall Retail REIT
(Sydney:CQR)
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Rating:73Outperform
Price Target:
AU$4.00
â–²(0.50% Upside)
Action:Upgraded
Date:08/10/26
The score is driven primarily by a solid (though not perfectly consistent) financial profile with improved 2026 momentum, supported by attractive valuation (low P/E and strong dividend yield). Technicals are constructive due to price strength above key moving averages, but overbought RSI/Stoch readings temper the overall score due to potential near-term mean reversion risk.
Positive Factors
Revenue Re-acceleration
Revenue re-accelerated in 2026 after a flat or down 2025, indicating renewed operating momentum across the retail property portfolio. If sustained, stronger top-line growth can support rental income and asset management capacity over the next several reporting periods.
Negative Factors
Earnings Volatility
Net margins swung from about 8% in 2024 to about 187% in 2026, showing that reported profitability can be heavily affected by fair-value changes or other one-offs. This makes headline earnings less dependable as a measure of recurring property performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Re-acceleration
Revenue re-accelerated in 2026 after a flat or down 2025, indicating renewed operating momentum across the retail property portfolio. If sustained, stronger top-line growth can support rental income and asset management capacity over the next several reporting periods.
Read all positive factors
Charter Hall Retail REIT (CQR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.16B
Dividend Yield6.92%
Average Volume (3M)1.97M
Price to Earnings (P/E)5.6
Beta (1Y)0.62
Revenue Growth31.33%
EPS Growth82.16%
CountryAU
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryREIT - Retail
Share Statistics
EPS (TTM)0.67
Shares Outstanding581,229,600
10 Day Avg. Volume1,866,275
30 Day Avg. Volume1,974,274
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)0.78
Price to Sales (P/S)10.93
P/FCF Ratio10.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$4.32Price Target Upside8.46% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)0.27
Revenue Forecast (FY)AU$303.61M
Charter Hall Retail REIT Business Overview & Revenue Model
Company Description
Charter Hall Retail REIT (CQR) is recognised as a premier owner and manager of real estate assets for convenience retailers. Its management is handled by Charter Hall Group (ASX:CHC), a prominent, fully integrated property group in Australia, boas...
Charter Hall Retail REIT Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
67
Positive
Cash Flow
61
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 208.40M | 196.60M | 215.60M | 214.40M | 200.80M |
| Gross Profit | 136.00M | 115.40M | 129.60M | 127.40M | 117.80M |
| EBITDA | 463.90M | 279.50M | 70.60M | 125.10M | 315.40M |
| Net Income | 389.40M | 213.80M | 17.20M | 37.80M | 663.60M |
Balance Sheet | |||||
| Total Assets | 4.57B | 4.29B | 3.80B | 4.10B | 4.04B |
| Cash, Cash Equivalents and Short-Term Investments | 22.70M | 38.50M | 18.70M | 22.40M | 21.80M |
| Total Debt | 1.57B | 1.45B | 1.04B | 1.20B | 1.04B |
| Total Liabilities | 1.64B | 1.59B | 1.18B | 1.35B | 1.19B |
| Stockholders Equity | 2.92B | 2.69B | 2.62B | 2.75B | 2.85B |
Cash Flow | |||||
| Free Cash Flow | 216.30M | 141.10M | 148.60M | 91.20M | -54.60M |
| Operating Cash Flow | 252.20M | 141.10M | 148.60M | 162.20M | 158.20M |
| Investing Cash Flow | -147.70M | -361.70M | 165.40M | -161.70M | -212.80M |
| Financing Cash Flow | -120.30M | 240.40M | -317.70M | 100.00K | 57.10M |
Charter Hall Retail REIT Technical Analysis
Neutral
3.98
Price Trends
3.63
Positive
3.76
Negative
3.73
Negative
Market Momentum
<0.01
Negative
58.07
Neutral
85.03
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CQR, the sentiment is Neutral. The current price of 3.98 is above the 20-day moving average (MA) of 3.50, above the 50-day MA of 3.63, and above the 200-day MA of 3.73, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.07 is Neutral, neither overbought nor oversold. The STOCH value of 85.03 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:CQR.
Charter Hall Retail REIT Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | AU$2.35B | 6.37 | 11.14% | 7.61% | 3.75% | 44.09% | |
73 Outperform | AU$2.16B | 5.55 | 13.47% | 6.92% | 31.33% | 82.16% | |
73 Outperform | AU$18.65B | 9.39 | 10.30% | 5.08% | -3.71% | 37.55% | |
72 Outperform | AU$366.35M | 6.66 | 15.00% | 7.66% | -5.59% | 43.56% | |
71 Outperform | AU$11.37B | 7.84 | 11.65% | 5.10% | 2.65% | 37.05% | |
69 Neutral | AU$2.65B | 9.73 | 9.11% | 6.10% | 29.97% | 27.19% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
AU:CQR
Charter Hall Retail REIT
3.72
-0.13
-3.45%
AU:VCX
Vicinity Centres
2.43
0.03
1.29%
AU:RGN
Region Group
2.31
<0.01
0.39%
AU:SCG
Scentre Group
3.57
-0.31
-8.06%
AU:DXC
Dexus Convenience Retail REIT
2.73
0.02
0.70%
AU:HDN
HomeCo Daily Needs REIT
1.13
-0.15
-11.56%
Charter Hall Retail REIT Corporate Events
Charter Hall Retail REIT Discloses Departure and Holdings of Director Michael Gorman
Oct 29, 2026
Charter Hall Retail REIT has disclosed that director Michael Gorman ceased to be a director effective 29 October 2026, in line with ASX listing rule requirements. The filing records his indirect holding of 42,769 securities via a Netwealth Wrap ac...
Charter Hall Retail REIT Investors Strongly Back Election of Independent Director
Oct 29, 2026
Charter Hall Retail REIT has confirmed the results of its 29 October 2026 annual general meeting, where securityholders voted on the election of independent director Kate Melrose. The resolution was carried with an overwhelming majority, with more...
Charter Hall Retail REIT lifts earnings and deepens green footprint
Oct 29, 2026
Charter Hall Retail REIT reported a strong FY26 performance, with property investments rising to about $5.2 billion and portfolio occupancy increasing to 99.1%. Same-property net income grew 3%, operating earnings rose 4% to 26.4 cents per unit, a...
Charter Hall Retail REIT Sets Agenda for 2026 Annual General Meeting
Oct 29, 2026
Charter Hall Retail REIT has convened its 2026 Annual General Meeting, highlighting governance and performance through addresses from Independent Chair Roger Davis and Retail CEO and CQR fund manager Ben Ellis. The agenda underscores stakeholder e...
Charter Hall Retail REIT Calls 2026 AGM for Unitholders
Oct 1, 2026
Charter Hall Retail REIT has issued a notice convening its 2026 Annual General Meeting of unitholders, scheduled for 29 October 2026 in the afternoon, along with an explanatory memorandum and supporting materials. The release highlights meeting lo...
Charter Hall Retail REIT Appoints New Director Katrina Melrose
Sep 18, 2026
Charter Hall Retail REIT has appointed Katrina Mary Melrose as a director effective 18 September 2026, expanding the board with an individual who already holds a personal stake in the trust. The filing details her direct holding of 2,750 ordinary ...
Charter Hall Retail REIT Refreshes Board as It Deepens Focus on Convenience Retail
Sep 18, 2026
Charter Hall Retail REIT has appointed Kate Melrose as an Independent Non-Executive Director of its responsible entity, Charter Hall Retail Management Limited, effective immediately, bringing three decades of experience across real estate valuatio...
Charter Hall Retail REIT Sets Quarterly Distribution for September 2026
Sep 17, 2026
Charter Hall Retail REIT has declared a quarterly distribution of AUD 0.066 per ordinary unit for the period ending 30 September 2026, with an ex-date of 29 September and a record date of 30 September. Unitholders on the register as at the record ...
Charter Hall Retail REIT Updates Director’s Equity Holding After Service Rights Vesting
Sep 3, 2026
Charter Hall Retail REIT reported a change in the securities holding of director Benjamin David Ellis, reflecting the vesting of service rights into ordinary securities. The transaction increased Ellis’s direct holding from 133,940 to 202,62...
Charter Hall Retail REIT Outlines AMIT Fund Payment and June 2026 Distribution
Aug 25, 2026
Charter Hall Retail REIT has confirmed its status as an Attribution Managed Investment Trust for the period ended 30 June 2026 and detailed tax components for its latest distribution to unitholders. The record date for the distribution is 30 June ...
Charter Hall Retail REIT files updated ASX governance disclosures
Aug 20, 2026
Charter Hall Retail REIT has lodged its updated corporate governance statement for the year ended 30 June 2026, confirming compliance with ASX Listing Rules on governance disclosure. The statement, approved by the board and published on the compan...
Charter Hall Retail REIT Sets Out 2026 Corporate Governance Framework
Aug 20, 2026
Charter Hall Retail REIT has outlined its 2026 Corporate Governance Statement, detailing the framework by which the ASX-listed managed investment scheme is overseen and controlled. The Board of Charter Hall Retail Management Limited, as responsibl...
Charter Hall Retail REIT Publishes 2026 Annual Report Highlighting Convenience Retail Strategy
Aug 20, 2026
Charter Hall Retail REIT has released its Annual Report for the financial year ended 30 June 2026, outlining performance highlights, sustainability initiatives and detailed financial results. The report reinforces the REIT’s strategy of driv...
Charter Hall Retail REIT Outlines 2026 Full Year Results and Strategy
Aug 6, 2026
Charter Hall Retail REIT reported its 2026 full year results, highlighting financial, operational, and strategic performance across its retail property portfolio. The release indicates a structured focus on financial performance, operational metri...
Charter Hall Retail REIT grows earnings as it completes shift toward convenience retail
Aug 6, 2026
Charter Hall Retail REIT reported operating earnings of $153.4 million for FY26, up 4% on the prior year, with distributions rising 3.3% and net tangible assets increasing 8.4% to $5.03 per unit. The REIT reduced its debt margin via a major refina...
Charter Hall Retail REIT Lifts Profit, Earnings and Distributions in 2026
Aug 6, 2026
Charter Hall Retail REIT reported a 78.4% jump in statutory profit to $389.4 million for the year to 30 June 2026, despite a 10.7% decline in revenue to $176.9 million, while operating earnings rose 4% to $153.4 million, supported by higher net pr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.