Register For Our Mailing List

Register to receive our free weekly newsletter including editorials.

Charter Hall

  •   15 February 2021
  •      
  •   

Charter Hall Retail REIT 1H FY21 Results

15 February 2021 - Charter Hall Retail REIT (ASX:CQR) (CQR or the REIT) today announces its 1H FY21 results for the period ended 31 December 2020.

Key financial results:

  • Operating earnings of $75.2 million up $5 million or 7.1% on 1H FY20 of $70.2 million
  • Operating earnings of 13.17 cents per unit (cpu) down 17.1% on 1H FY20 of 15.88 cpu
  • Statutory profit of $82.8 million, up $16.1 million or 24.1% on 1H FY20 of $66.7 million
  • Net cashflow from operating activities of $75.7 million up $6.5 million or 9.4% on 1H FY20 of $69.2 million
  • Net cashflow from operating activities of 13.26 cpu down 15.4% on 1H FY20 of 15.67 cpu
  • Distribution of 10.7cpu up 7.0% from 10.0 cpu on 2H FY20
  • COVID-19 tenant support of $5.8 million provided during the period down from $10.7 million for 2H FY20
  • Portfolio look-through gearing of 34.6%1 up from 32.3% at 30 June 2020
  • Weighted average debt maturity of 3.8 years, no debt maturing until FY22
  • Moody’s affirmed Baa1 issuer rating with stable outlook
  • Liquidity of $304 million consisting of cash and undrawn debt facilities

Operating highlights:

  • 8.2% Supermarket MAT growth, up from 5.2% at June 2020
  • Supermarkets in turnover increased to 65%2, up from 61% at June 2020
  • Total MAT growth3 of 7.1%, up from 3.9% at June 2020
  • Contribution from major tenants to portfolio income 54.1%, up from 51.4% at June 2020
  • Shopping centre portfolio occupancy of 97.8%, up from 97.3% at June 2020
  • Specialty leasing spreads of +2.5% with 119 specialty lease renewals (+0.6% leasing spread) and 105 new leases (+5.9% leasing spreads)
  • Specialty tenant retention rate normalised to 82%, up from 72% at June 2020
  • Portfolio cap rate of 6.03%, unchanged from June 2020
  • Expansion of bp partnership with acquisition of 70 Long WALE convenience retail properties leased to bp in New Zealand

Read more...

 

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.

Pros and cons of Labor's home batteries scheme

Labor has announced a $2.3 billion Cheaper Home Batteries Program, aimed at slashing the cost of home batteries. The goal is to turbocharge battery uptake, though practical difficulties may prevent that happening.

An enlightened dividend path

While many chase high yields, true investment power lies in companies that steadily grow dividends. This strategy, rooted in patience and discipline, quietly compounds wealth and anchors investors through market turbulence.

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.

Getting rich vs staying rich

Strategies to get rich versus stay rich are markedly different. Here is a look at the five main ways to get rich, including through work, business, investing and luck, as well as those that preserve wealth.

CBA, AUSTRAC and our Orwellian privacy laws

Imagine receiving an email from your bank demanding to know if you keep cash at home and threatening to freeze your accounts if you don't respond in seven days. This happened to me and it raises disturbing questions. 

Latest Updates

Superannuation

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.

Superannuation

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.

Property

Why we can't separate housing policy from migration policy

Australia is running world-leading population growth rates but neglecting housing supply. We need to ask better questions and form a population plan linked to housing, infrastructure and employment opportunities.

Shares

Compare the pair: Expensive versus cheap

Are market leaders overpriced - or rightly priced? When Netwealth, Fisher & Paykel, and Aristocrat outperform their 'bargain' peers for years, it’s time to rethink what cheap really costs investors long-term. 

Shares

Maintaining dividend income in turbulent times

Australia's stock market is more insulated from tariff shocks than most. What's more, any volatility could provide opportunities for investors to build exposure to solid dividend payers at more reasonable prices.

Economy

The US is no longer a model for democracy

America prides itself on being a Government of the people. But the nation that invented modern democracy is no longer the model for it, and compares unfavourably to other regions where democracy is taking hold.

Fixed interest

Corporate bond opportunities in today’s market

Investing directly in corporate bonds and credit securities has advantages over owning these assets through managed funds or ETFs. They can also provide investors with attractive income and total returns over time.

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.