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...

 

  •   15 February 2021
  •      
  •   
banner

Most viewed in recent weeks

Australian stocks will crush housing over the next decade, 2025 edition

Two years ago, I wrote an article suggesting that the odds favoured ASX shares easily outperforming residential property over the next decade. Here’s an update on where things stand today.

Australia's retirement system works brilliantly for some - but not all

The superannuation system has succeeded brilliantly at what it was designed to do: accumulate wealth during working lives. The next challenge is meeting members’ diverse needs in retirement. 

Get set for a bumpy 2026

At this time last year, I forecast that 2025 would likely be a positive year given strong economic prospects and disinflation. The outlook for this year is less clear cut and here is what investors should do.

Meg on SMSFs: First glimpse of revised Division 296 tax

Treasury has released draft legislation for a new version of the controversial $3 million super tax. It's a significant improvement on the original proposal but there are some stings in the tail.

The 3 biggest residential property myths

I am a professional real estate investor who hears a lot of opinions rather than facts from so-called experts on the topic of property. Here are the largest myths when it comes to Australia’s biggest asset class.

Property versus shares - a practical guide for investors

I’ve been comparing property and shares for decades and while both have their place, the differences are stark. When tax, costs, and liquidity are weighed, property looks less compelling than its reputation suggests.

Latest Updates

Investment strategies

Building a lazy ETF portfolio in 2026

What are the best ways to build a simple portfolio from scratch? I’ve addressed this issue before but think it’s worth revisiting given markets and the world have since changed, throwing up new challenges and things to consider.

Investment strategies

21 reasons we’re nearing the end of a secular bull market

Nearly all the indicators an investor would look for suggest that this secular bull market is approaching its end. My models forecast that the US is set for 0% annual returns over the next decade.

Property

13 million spare bedrooms: Rethinking Australia’s housing shortfall

We don’t have a housing shortage; we have housing misallocation. This explores why so many bedrooms go unused, what’s been tried before, and five things to unlock housing capacity – no new building required.

Investment strategies

Market entry – dip your toe or jump in all at once?

Lump sum investing usually wins, but it can hurt if markets fall. Using 50 years of Australian data, we reveal when staging your entry protects you, and when it drags on returns. 

Investment strategies

The US$21 trillion question: is AI an opportunity or excess?

It has been years since the US stock market has been so focused on a single driving theme, and AI is unquestionably that theme. This explores what it means for US and global markets in 2026.

Economy

US energy strategy holds lessons for Australia

The US has elevated energy to a national security priority, tying cheap, reliable power to economic strength, AI leadership, and sovereignty. This analyses the new framework and its implications for Australia.

Strategy

Venezuela’s democratic roots are deeper than Trump knows

Most people know Maduro was a dictator and Venezuela has oil. Few grasp the depth of suffering or the country’s democratic history - essential context as the US ousts Maduro and charts Venezuela’s future. 

Sponsors

Alliances

© 2026 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.