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

$3.39

20 Feb
2025

-0.010

OPEN

$3.39

-0.29%

HIGH

$3.42

1,681,295

LOW

$3.37

TARGET
$3.842 13.3% 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 25.8 xxx
DPS (cps) xxx 24.7 24.8 xxx
EPS Growth xxx - 54.5% 100.0% xxx
DPS Growth xxx - 4.3% 0.3% xxx
PE Ratio xxx N/A 13.1 xxx
Dividend Yield xxx N/A 7.3% xxx
Div Pay Ratio(%) xxx 834.5% 96.1% xxx

Dividend yield today if purchased 3 years ago: 6.02%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.31

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

0.7

No. Of Recommendations

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

UBS

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

17/02/2025

2

Accumulate

$3.86

13.86%

Ord Minnett liked the 1H25 results from Charter Hall Retail REIT, which came in better than expected, and management reiterated FY25 guidance.

The broker highlights the sale of Lake Macquarie Square to assist with managing the higher level of gearing at 38%.

Operationally, the REIT's metrics remained "solid," the analyst states, with high occupancy of 98% and 84% retention rates.

The REIT currently controls 85% of Hotel Properties Investments ((HPI)) and will most likely have full ownership in 2H25.

No change to Accumulate rating. Target price lifts to $3.86 from $3.81. The NTA rose by 1.3% to $4.57.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 24.70 cents and EPS of 25.40 cents.
Ord Minnett forecasts a full year FY26 dividend of 22.40 cents and EPS of 24.90 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$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

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

9.14%

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

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3
Australian Broker Call *Extra* Edition – Feb 17, 2025

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