CHARTER HALL RETAIL REIT (CQR)
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CQR

CQR - CHARTER HALL RETAIL REIT

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 11.36
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

$3.86

04 Nov
2026

0.040

OPEN

$3.83

1.05%

HIGH

$3.86

3,337,548

LOW

$3.77

TARGET
$4.266

-0.06 change from previous day

 10.5% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . ARF . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . DGT . DXC . DXI . DXS . FDC . GDF . GDI . HCW . HDN . PLG . REP . RFF . RGN . SCG . SKG . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
CQR: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 67.0 27.4 xxx
DPS (cps) xxx 25.5 26.0 xxx
EPS Growth xxx 82.1% - 59.1% xxx
DPS Growth xxx 3.2% 2.0% xxx
PE Ratio xxx N/A 14.2 xxx
Dividend Yield xxx N/A 6.7% xxx
Div Pay Ratio(%) xxx 38.1% 94.8% xxx

Dividend yield today if purchased 3 years ago: 7.94%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.56

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: 29/09 - (franking ex-div 6.60c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx67.0
DPS All xxxxxxxxxxxxxxx25.5
Sales/Revenue xxxxxxxxxxxxxxx208.4 M
Book Value Per Share xxxxxxxxxxxxxxx503.2
Net Operating Cash Flow xxxxxxxxxxxxxxx252.2 M
Net Profit Margin xxxxxxxxxxxxxxx186.85 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx13.86 %
Return on Invested Capital xxxxxxxxxxxxxxx9.53 %
Return on Assets xxxxxxxxxxxxxxx8.80 %
Return on Equity xxxxxxxxxxxxxxx13.86 %
Return on Total Capital xxxxxxxxxxxxxxx3.20 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx33.8 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx180 M
Long Term Debt xxxxxxxxxxxxxxx1,388 M
Total Debt xxxxxxxxxxxxxxx1,568 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx23 M
Price To Book Value xxxxxxxxxxxxxxx0.78

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx35.9 M
Capex % of Sales xxxxxxxxxxxxxxx17.23 %
Cost of Goods Sold xxxxxxxxxxxxxxx72 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx-2 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2,118 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

0.4

No. Of Recommendations

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

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

23/09/2026

3

Equal-weight

$4.50

16.58%

The market is now pricing in interest rates to remain high, Morgan Stanley points out with 1yr–3yr swaps at around 5%, the broker is expecting the RBA to hike the cash rate by 25bps to 4.6% on 29 September.

The analyst has assessed the REIT sector's FY27/FY28 interest rate hedges and isolated which REITs are most exposed if rates remain elevated.

Scentre Group ((SCG)), along with Charter Hall Retail REIT, Centuria Industrial ((CIP)) and Charter Hall Long WALE REIT ((CLW)) are the most exposed on a FY28 FFO/EPS sensitivity basis, with the largest declining hedges.

Although Charter Hall Retail REIT has a significant portion of its rental income linked to CPI which may offer a natural hedge of sorts.

Target price $4.50. Equal-weight rated. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY27 EPS of 27.40 cents.
Morgan Stanley forecasts a full year FY28 EPS of 28.30 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
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

3

xxxxxxx

$xx.xx

xx.xx%

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Moelis

11/08/2026

3

Downgrade to Hold from Buy

$4.51

16.84%

Moelis downgrades Charter Hall Retail REIT to a Hold rating while its target price is increased to $4.51 from $4.48 on valuation grounds.

The trust delivered a solid full-year operating result supported by active portfolio curation and debt refinancing, though higher interest rate assumptions lead to lower per-share earnings estimates.

Look-through gearing remains elevated above 40%, leaving earnings sensitive to interest rate movements as debt hedging coverage rolls off into FY28.

Operating performance across the underlying portfolio remains robust, with same-property net property income growing 3.0% and shopping centre vacancy tightening to a 15-year low of 0.9%.

Shares trade at an implied capitalisation rate of 6.0%, which the analyst views as relatively inexpensive but sitting close to fair value following recent share price outperformance.

FORECAST
Moelis forecasts a full year FY27 dividend of 26.40 cents and EPS of 27.30 cents.
Moelis forecasts a full year FY28 dividend of 26.80 cents and EPS of 27.60 cents.
Access Extra Coverage Research History >

CQR STOCK CHART

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1
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