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

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. 

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.

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.

AFIC on the speculative ASX boom, opportunities, and LIC discounts

In an interview with Firstlinks, CEO Mark Freeman discusses how speculative ASX stocks have crushed blue chips this year, companies he likes now, and why he’s confident AFIC’s NTA discount will close.

Where to hide in the ‘everything bubble’

It might not be quite an ‘everything bubble’ but there’s froth in many assets, not just US stocks, right now. It might be time to stress test your portfolio and consider assets that could offer you shelter if trouble is coming.

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

Economy

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.

Investment strategies

History says US market outperformance versus Australia will turn

Much has been made of how US markets, especially the NASDAQ, have significantly outperformed the ASX over the past two decades. History suggests the pendulum will swing back once again in Australia's favour.

Investment strategies

Announcing the X-Factor for 2025

What is the X-Factor - the largely unexpected influence that wasn’t thought about when the year began but came from left field to have powerful effects on investment returns - for 2025? It's time to select the winner.

Economy

The illusion of progress

What is progress? Is it GDP growth? Increasing wealth? New and improving technology? This argues that our measure of progress has become warped, and we're heading backwards rather than forwards.

Strategy

Our favourite summer reads

Summer is a great time to catch up on a good book. Here is a list of books on leadership, investing, and well-being for those looking to learn, reflect, and gain inspiration over the holiday season.

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.