Register For Our Mailing List

Register to receive our free weekly newsletter including editorials.

Charter Hall

  •   14 February 2023
  •      
  •   

Charter Hall Social Infrastructure REIT 1H FY23 Results

14 February 2023 - Charter Hall Social Infrastructure REIT (ASX: CQE) today announced its results for the half year ended 31 December 2022.

Key financial and operating highlights for the period are:

Financial highlights:

  • Statutory profit of $40.6 million;
  • Operating earnings of $29.6 million, or 8.1 cents per unit (“cpu”);
  • Distribution of 8.6 cpu, up 2.4% on prior corresponding period (“pcp”);
  • Gross assets of $2.3 billion, up 8.5% since June 2022; and
  • NTA of $4.09 per unit, up 0.2% since June 2022.

Operating highlights:

  • New acquisitions of $186.7 million in high quality social infrastructure assets including the Geoscience Australia life sciences complex in Canberra and Innovation Quarter (iQ), a newly constructed healthcare, medical research, education and training hub in Westmead, Sydney;
  • Property portfolio valuation increase of $16.31 million or 0.8% since June 2022, driven by income growth demonstrating the ongoing resilience of the portfolio; and
  • CQE inclusion in the S&P/ASX 200 index in September 2022.

Property portfolio performance:

  • Overall, CQE continued to achieve strong portfolio metrics through 1H FY23, as follows:Long WALE of 13.6 years;
  • 100% occupancy of CQE’s properties;
  • WARR of 4.0%2 forecast for the next 12 months;
  • 78% of lease income on fixed rent reviews (average 3.0%) and the balance CPI-linked;
  • 46% of rental income subject to market rent reviews in the next 5 years; and
  • Robust lease expiry profile with less than 5% of lease income expiring within the next five years.

Read full media release

 

banner

Most viewed in recent weeks

Australian house prices close in on world record

Sydney is set to become the world’s most expensive city for housing over the next 12 months, a new report shows. Our other major cities aren’t far behind unless there are major changes to improve housing affordability.

The case for the $3 million super tax

The Government's proposed tax has copped a lot of flack though I think it's a reasonable approach to improve the long-term sustainability of superannuation and the retirement income system. Here’s why.

The revolt against Baby Boomer wealth

The $3m super tax could be put down to the Government needing money and the wealthy being easy targets. It’s deeper than that though and this looks at the factors behind the policy and why more taxes on the wealthy are coming.

Meg on SMSFs: Withdrawing assets ahead of the $3m super tax

The super tax has caused an almighty scuffle, but for SMSFs impacted by the proposed tax, a big question remains: what should they do now? Here are ideas for those wanting to withdraw money from their SMSF.

Tariffs are a smokescreen to Trump's real endgame

Behind market volatility and tariff threats lies a deeper strategy. Trump’s real goal isn’t trade reform but managing America's massive debts, preserving bond market confidence, and preparing for potential QE.

The super tax and the defined benefits scandal

Australia's superannuation inequities date back to poor decisions made by Parliament two decades ago. If super for the wealthy needs resetting, so too does the defined benefits schemes for our public servants.

Latest Updates

Are franking credits hurting Australia’s economy?

Business investment and per capita GDP have languished over the past decade and the Labor Government is conducting inquiries to find out why. Franking credits should be part of the debate about our stalling economy.

Superannuation

7 examples of how the new super tax will be calculated

You've no doubt heard about Division 296. These case studies show what people at various levels above the $3 million threshold might need to pay the ATO, with examples ranging from under $500 to more than $35,000.

Have Apple and Google reached the beginning of the end?

It might be hard to imagine a world where Apple and Google aren’t dominant, but disruption often starts with tiny cracks. AI's emergence into the mainstream might have set the stage for a new generation of leaders.

Superannuation

Did retirees lose out when they accepted defined benefit schemes?

Defined benefit pensions were designed to offer security in retirement. But new tax policies and arbitrary limits now erode their value - especially for Australians who contributed their own savings to these plans.

Property

Why Australia's agricultural land boom has stalled

Farmland prices have flatlined, bringing one of the most dramatic rural property cycles in Australian history to an end. The market for agricultural land now seems to be entering a new and more nuanced phase.

Property

The retail property niche offering income and growth

Neighbourhood shopping centres have fought off one perceived threat after another. What's more, they continue to offer secure income from blue-chip firms and other tenants linked mostly to essential spending.

ASX plans to attract more IPOs don’t go far enough

High-profile Australian stock market listings, like Guzman Y Gomez's IPO in 2024, are rare. ASIC aims to streamline the IPO process to boost listings, but faces barriers like share structures and governance.

Sponsors

Alliances

© 2025 Morningstar, Inc. All rights reserved.

Disclaimer
The data, research and opinions provided here are for information purposes; are not an offer to buy or sell a security; and are not warranted to be correct, complete or accurate. Morningstar, its affiliates, and third-party content providers are not responsible for any investment decisions, damages or losses resulting from, or related to, the data and analyses or their use. To the extent any content is general advice, it has been prepared for clients of Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892), without reference to your financial objectives, situation or needs. For more information refer to our Financial Services Guide. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Articles are current as at date of publication.
This website contains information and opinions provided by third parties. Inclusion of this information does not necessarily represent Morningstar’s positions, strategies or opinions and should not be considered an endorsement by Morningstar.