Charter Hall Social Infrastructure REIT (AU:CQE) has released an update.
Charter Hall Social Infrastructure REIT has reported a solid fiscal year 2024, with operating earnings of $59.5 million and distributions matching at 16.0 cents per unit, despite a statutory earnings decline of $19.6 million. The company’s strategic management of its $2.2 billion property portfolio has resulted in high occupancy rates of 99.8%, a long Weighted Average Lease Expiry (WALE) of 12.4 years, and successful childcare asset divestments at a premium, positioning it favorably for future growth in the social infrastructure sector.
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