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
$3.69 22 Apr 2025	0.020 OPEN $3.64	0.54% HIGH $3.69	814,312 LOW $3.64

TARGET

$3.765

2.0% upside

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FNARENA'S MARKET CONSENSUS FORECASTS

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	14.7	xxx
Dividend Yield	xxx	N/A	6.7%	xxx
Div Pay Ratio(%)	xxx	834.5%	98.0%	xxx

Dividend yield today if purchased 3 years ago: 5.60%

DIVIDEND YIELD CALCULATOR

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	2019	2020	2021	2022	2023	2024
EPS Basic	xxx	xxx	xxx	xxx	xxx	3.0
DPS All	xxx	xxx	xxx	xxx	xxx	24.7
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	215.6 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	450.5
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	191.9 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	7.98 %

EPS Basic

Negative
Growth
Slowing

DPS All

Negative
Growth
Slowing

Sales/Revenue

Negative
Growth
Slowing

Book Value Per Share

Negative
Growth
Slowing

Net Operating Cash Flow

Negative
Growth
Slowing

Net Profit Margin

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Return on Capital Employed	xxx	xxx	xxx	xxx	xxx	0.64 %
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	0.45 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	0.44 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	0.64 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	3.07 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	-4.5 M

Return on Capital Employed

Negative
Growth
Slowing

Return on Invested Capital

Negative
Growth
Slowing

Return on Assets

Negative
Growth
Slowing

Return on Equity

Negative
Growth
Slowing

Return on Total Capital

Negative
Growth
Slowing

Free Cash Flow ex dividends

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Short-Term Debt	xxx	xxx	xxx	xxx	xxx	0 M
Long Term Debt	xxx	xxx	xxx	xxx	xxx	1,037 M
Total Debt	xxx	xxx	xxx	xxx	xxx	1,037 M
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	-
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	19 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	0.72

Short-Term Debt

Negative
Growth
Slowing

Long Term Debt

Negative
Growth
Slowing

Total Debt

Negative
Growth
Slowing

Goodwill - Gross

Cash & Equivalents - Generic

Negative
Growth
Slowing

Price To Book Value

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Capex	xxx	xxx	xxx	xxx	xxx	50.8 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	23.56 %
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	86 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	13 M
Research & Development	xxx	xxx	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	xxx	xxx	2,415 M

Capex

Negative
Growth
Slowing

Capex % of Sales

Negative
Growth
Slowing

Cost of Goods Sold

Negative
Growth
Slowing

Selling, General & Admin. Exp & Other

Negative
Growth
Slowing

Research & Development

Investments - Total

Negative
Growth
Slowing

Negative

Growth

Slowing

EXPERT VIEWS
EXTRA COVERAGE

EXPERT VIEWS

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Sentiment Indicator

0.9

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
UBS	xx/xx/xxxx	1	xxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Citi	xx/xx/xxxx	1	xxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Macquarie	17/02/2025	1	Outperform	$3.51	-4.88%	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%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial

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EXTRA COVERAGE

Display All Commentary

No. Of Recommendations

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%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Jarden	17/02/2025	2	Overweight	$3.70	0.27%	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.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Moelis

xx/xx/xxxx

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Jarden

17/02/2025

Overweight

$3.70

0.27%

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

1	Weekly Ratings, Targets, Forecast Changes – 21-02-25 Feb 24 2025 - Weekly Reports

2	In Case You Missed It – BC Extra Upgrades & Downgrades – 21-02-25 Feb 21 2025 - Weekly Reports

3	Rudi’s View: Best Ideas & Conviction Calls Feb 20 2025 - Rudi's View

4	Australian Broker Call Extra Edition – Feb 17, 2025 Feb 17 2025 - Daily Market Reports

5	FNArena Corporate Results Monitor – 14-02-2025 Feb 14 2025 - Australia

Latest REITs News

1	Australian Listed Real Estate Tables – 22-04-2025 Apr 22 2025 - Weekly Reports

2	Australian Listed Real Estate Tables – 14-04-2025 Apr 14 2025 - Weekly Reports

3	Abacus Counts Takeover Benefits Apr 14 2025 - Small Caps

4	Australian Listed Real Estate Tables – 07-04-2025 Apr 07 2025 - Weekly Reports

5	Australian Listed Real Estate Tables – 24-03-2025 Mar 24 2025 - Weekly Reports

6	Australian Listed Real Estate Tables – 17-03-2025 Mar 17 2025 - Weekly Reports

7	Post Bottom, Focus Shifts To A-REITs Potential Mar 13 2025 - Feature Stories

8	Australian Listed Real Estate Tables – 10-03-2025 Mar 10 2025 - Weekly Reports

9	Australian Listed Real Estate Tables – 03-03-2025 Mar 03 2025 - Weekly Reports

10	Australian Listed Real Estate Tables – 24-02-2025 Feb 24 2025 - Weekly Reports

Dividend Yield Today On Last Actual Payout :	6.68
Estimated Dividend Growth (Average Of Past Three Years)	%
Amount Invested	$
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CHARTER HALL RETAIL REIT (CQR)
Share Price Analysis and Chart