CHARTER HALL RETAIL REIT (CQR)
Share Price Analysis and Chart

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CQR - CHARTER HALL RETAIL REIT

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 8.88
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

$3.40

20 Nov
2024

-0.060

OPEN

$3.46

-1.73%

HIGH

$3.48

1,041,730

LOW

$3.38

TARGET
$3.834 12.8% 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 FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 3.0 26.1 xxx
DPS (cps) xxx 24.7 24.9 xxx
EPS Growth xxx - 54.5% 100.0% xxx
DPS Growth xxx - 4.3% 0.6% xxx
PE Ratio xxx N/A 12.8 xxx
Dividend Yield xxx N/A 7.4% xxx
Div Pay Ratio(%) xxx 834.5% 95.2% xxx

Dividend yield today if purchased 3 years ago: 5.92%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.37

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 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx3.0
DPS All xxxxxxxxxxxxxxx24.7
Sales/Revenue xxxxxxxxxxxxxxx215.6 M
Book Value Per Share xxxxxxxxxxxxxxx450.5
Net Operating Cash Flow xxxxxxxxxxxxxxx191.9 M
Net Profit Margin xxxxxxxxxxxxxxx7.98 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx0.64 %
Return on Invested Capital xxxxxxxxxxxxxxx0.45 %
Return on Assets xxxxxxxxxxxxxxx0.44 %
Return on Equity xxxxxxxxxxxxxxx0.64 %
Return on Total Capital xxxxxxxxxxxxxxx3.07 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-4.5 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx1,037 M
Total Debt xxxxxxxxxxxxxxx1,037 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx19 M
Price To Book Value xxxxxxxxxxxxxxx0.72

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx50.8 M
Capex % of Sales xxxxxxxxxxxxxxx23.56 %
Cost of Goods Sold xxxxxxxxxxxxxxx86 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx13 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2,415 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

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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UBS

29/08/2024

3

Neutral

$3.79

(01/10/2024)

11.47%

FY24 results from Charter Hall Retail REIT were in line with UBS estimates while FY25 guidance was -8% below because of the impact of a zero-cost hedge restructure.

While the company has rebased earnings, the portfolio metrics remain robust and the broker envisages several positives including a balance sheet that is positioned for growth. The distribution guidance of 24.7c is in line with FY24, implying a temporarily higher payout.

Neutral retained as, while there is a path to greater operating earnings per security should acquisitions eventuate, the broker envisages more value elsewhere. Target edges down to $3.64 from $3.68.

FORECAST
UBS forecasts a full year FY25 dividend of 25.00 cents and EPS of 26.00 cents.
UBS forecasts a full year FY26 dividend of 25.00 cents and EPS of 25.00 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

20/08/2024

2

Overweight

$3.90

14.71%

Charter Hall Retail REIT's result showed strong net operating income (NOI) growth and asset recycling driving attractive top line growth, Jarden suggests.

The broker believes the decision to bring forward the weighted average cost of debt headwinds to FY25 makes sense as it should
allow funds from operations (FFO) growth to more closely match the steady NOI growth profile from FY26 onwards.

The hedge book reset suggests FY25 FFO should be a trough. Jarden believes valuation is well supported at a -21% discount to net tangible asset (NTA) valuation and a 7% yield, especially as it sees both NTA and FFO at trough levels.

Overweight and $3.90 target retained.

FORECAST
Jarden forecasts a full year FY25 EPS of 27.80 cents.
Jarden forecasts a full year FY26 EPS of 27.20 cents.
Access Extra Coverage Research History >

CQR STOCK CHART

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