Charter Hall Retail REIT lifts earnings and distribution in first half
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The news: Charter Hall Retail REIT reported higher operating earnings and distributions for the six months to December 2025.
The numbers: The property investor posted first-half operating earnings of $75.6 million, up 3.4% from the prior corresponding period and slightly above the Visible Alpha consensus estimate of $75.2 million. Distributions rose 4.1% year-on-year to 12.8 cents per unit, below the 13 cents per unit expected by analysts.
Net tangible assets increased 5.8% to $4.91 per unit. Statutory profit for the period was $240.7 million, while balance sheet gearing stood at 29.2%.
The context: Charter Hall Retail REIT also outlined key portfolio strategies scheduled to be completed in the second-half of FY26, including the full acquisition of three subregional shopping centre assets for $251 million, the full divestment of three owned metro shopping centres for $208 million, and the divestment of Lansell Square for $110 million.
The group reaffirmed its upgraded FY26 guidance, forecasting operating earnings of no less than 26.4 cents per unit and distributions of at least 25.5 cents per unit. The company said it will continue paying quarterly distributions.
What they said: "CQR is well positioned to capitalise on the strong and sustained momentum in the market and our team remains focused on delivering the highest income and earnings growth within the convenience retail sector," Charter Hall retail CEO Ben Ellis said.
The source: ASX
