CHARTER HALL RETAIL REIT (CQR)
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CQR - CHARTER HALL RETAIL REIT

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 10.97
Index: ASX200 | ASX300 | ALL-ORDS

Charter Hall Retail is an Australian Real Estate Investment Trust with a portfolio of mainly supermarket and convenience-plus shopping centres. It was established and listed in 1995.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.32

22 Jul
2024

-0.020

OPEN

$3.32

-0.60%

HIGH

$3.35

789,844

LOW

$3.32

TARGET
$3.734

-0.04 change from previous day

 12.5% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . DXC . DXI . DXS . ECF . GDF . GDI . HCW . HDN . NSR . PLG . REP . RFF . RGN . SCG . TGP . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
CQR: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 6.5 27.9 xxx
DPS (cps) xxx 25.8 25.3 xxx
EPS Growth xxx - 94.3% 100.0% xxx
DPS Growth xxx 5.3% - 2.1% xxx
PE Ratio xxx N/A 12.1 xxx
Dividend Yield xxx N/A 7.5% xxx
Div Pay Ratio(%) xxx 396.9% 90.6% xxx

Dividend yield today if purchased 3 years ago: 6.92%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.66

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 01/07 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx6.5
DPS All xxxxxxxxxxxxxxx25.8
Sales/Revenue xxxxxxxxxxxxxxx214.4 M
Book Value Per Share xxxxxxxxxxxxxxx472.9
Net Operating Cash Flow xxxxxxxxxxxxxxx162.2 M
Net Profit Margin xxxxxxxxxxxxxxx17.63 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx1.35 %
Return on Invested Capital xxxxxxxxxxxxxxx0.96 %
Return on Assets xxxxxxxxxxxxxxx0.93 %
Return on Equity xxxxxxxxxxxxxxx1.35 %
Return on Total Capital xxxxxxxxxxxxxxx2.79 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-58.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx1,200 M
Total Debt xxxxxxxxxxxxxxx1,200 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx22 M
Price To Book Value xxxxxxxxxxxxxxx0.76

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx71.0 M
Capex % of Sales xxxxxxxxxxxxxxx33.12 %
Cost of Goods Sold xxxxxxxxxxxxxxx85 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx20 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2,753 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

19/02/2024

3

Equal-weight

$3.93

(07/06/2024)

18.37%

Morgan Stanley highlights Charter Hall Retail REIT owns the only Retail portfolio this reporting season (so far) in which occupancy costs improved. 

Specialty occupancy costs were 11.3%, down -0.1% and leasing spreads were positive at 1.2%.

EPS of 13.52cpu was in line with the broker's forecast, and management reiterated FY24 guidance of 27.4cpu.

Target $3.55. Equal-weight. Industry view: In-Line. 

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 25.80 cents and EPS of 28.70 cents.
Morgan Stanley forecasts a full year FY25 dividend of 24.80 cents and EPS of 27.40 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Moelis

21/02/2024

3

Downgrade to Hold from Buy

$3.98

19.88%

Charter Hall Retail REIT reported first half earnings per unit of 13.5 cents and dividends per unit of 12.3 cents, alongside reiterating full tear guidance for earnings per unit of 27.4 cents with a 90-95% payout ratio.

Moelis believes the REIT is continuing to deliver a strong operating performance. While the portfolio continues to benefit from tailwinds driving relatively strong top line growth, but earnings headwinds continue to prevent a positive earnings trajectory.

In the medium-term, the broker expects the earnings line to continue to track sideways.

The rating is downgraded to Hold from Buy and the target price decreases to $3.98 from $4.02.

FORECAST
Moelis forecasts a full year FY24 dividend of 25.00 cents and EPS of 27.40 cents.
Moelis forecasts a full year FY25 dividend of 26.10 cents and EPS of 28.60 cents.
Access Stockbroker Research History >

CQR STOCK CHART

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