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: 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

$3.50

24 Mar
2025

0.030

OPEN

$3.47

0.86%

HIGH

$3.50

1,305,537

LOW

$3.46

TARGET
$3.765 7.6% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . DGT . 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 25.2 xxx
DPS (cps) xxx 24.7 24.7 xxx
EPS Growth xxx - 54.5% 100.0% xxx
DPS Growth xxx - 4.3% 0.0% xxx
PE Ratio xxx N/A 13.9 xxx
Dividend Yield xxx N/A 7.1% xxx
Div Pay Ratio(%) xxx 834.5% 98.0% xxx

Dividend yield today if purchased 3 years ago: 5.77%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.12

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: 24/12 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 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

0.9

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

17/02/2025

1

Outperform

$3.51

0.29%

First half operating earnings per security (OEPS) for Charter Hall Retail REIT were in line with Macquarie's forecast and management reiterated FY25 guidance of 25.4cpu.

Capital recycling of older shopping centre assets improved portfolio quality over the period, observes the broker.

Look-through gearing has risen to circa 38%, highlights the analyst, as the REIT and joint venture partner Hostplus now own 85.4% of Hotel Property Investments ((HPI)) following a -$318m investment.

The target rises to $3.51 from $3.45. Outperform maintained.

FORECAST
Macquarie forecasts a full year FY25 dividend of 24.70 cents and EPS of 24.70 cents.
Macquarie forecasts a full year FY26 dividend of 25.40 cents and EPS of 26.30 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$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

Moelis

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Jarden

17/02/2025

2

Overweight

$3.70

5.71%

Charter Hall Retail REIT's asset recycling is bearing fruit, Jarden asserts, with resilient portfolio growth and steady comparable income growth.

Given an active market for non-discretionary retail assets, the broker expects the business will continue to improve its growth profile.

While understanding concerns regarding the track record of buying partial stakes in assets and partnerships, Jarden believes the current environment and the restrictions of the current capital structure mean a focus on adding scale and improving the growth profile is important.

Overweight. Target is raised to $3.70 from $3.60.

FORECAST
Jarden forecasts a full year FY25 EPS of 25.40 cents.
Jarden forecasts a full year FY26 EPS of 26.10 cents.
Access Extra Coverage Research History >

CQR STOCK CHART

FNArena News on CQR

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Feb 24 2025 - Weekly Reports
2
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Feb 21 2025 - Weekly Reports
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4
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Feb 17 2025 - Daily Market Reports
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Feb 14 2025 - Australia

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