Charter Hall REIT Faces Statutory Loss, Maintains Distribution

Charter Hall Social Infrastructure REIT (AU:CQE) has released an update.

Charter Hall Social Infrastructure REIT reported a statutory loss of $19.6 million for the fiscal year ending June 30, 2024, a significant downturn from the previous year’s $58.7 million profit. Despite the loss, the REIT maintained stable operating earnings of $59.5 million and declared distributions totaling $59.4 million. The loss includes unrealized non-cash items and a suspension of their Distribution Reinvestment Plan effective August 14, 2024.

For further insights into AU:CQE stock, check out TipRanks’ Stock Analysis page.