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Charter Hall Retail REIT ( (AU:CQR) ) has provided an update.
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.
More about Charter Hall Retail REIT
Charter Hall Retail REIT is a real estate investment trust focused on the retail property sector. The company primarily invests in convenience retail centers across Australia, aiming to provide sustainable income growth and create long-term value for its investors.
YTD Price Performance: 4.81%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €1.16B
For detailed information about CQR stock, go to TipRanks’ Stock Analysis page.
