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: 17.33
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

$4.20

29 Aug
2025

-0.040

OPEN

$4.23

-0.94%

HIGH

$4.25

3,154,136

LOW

$4.18

TARGET
$4.177 -0.6% downside
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
CQR: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 36.8 26.0 xxx
DPS (cps) xxx 24.7 25.4 xxx
EPS Growth xxx 100.0% - 29.2% xxx
DPS Growth xxx 0.0% 2.8% xxx
PE Ratio xxx N/A 16.1 xxx
Dividend Yield xxx N/A 6.0% xxx
Div Pay Ratio(%) xxx 67.1% 97.6% xxx

Dividend yield today if purchased 3 years ago: 6.01%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.88

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 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx36.8
DPS All xxxxxxxxxxxxxxx24.7
Sales/Revenue xxxxxxxxxxxxxxx194.7 M
Book Value Per Share xxxxxxxxxxxxxxx463.5
Net Operating Cash Flow xxxxxxxxxxxxxxx144.0 M
Net Profit Margin xxxxxxxxxxxxxxx109.81 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx8.05 %
Return on Invested Capital xxxxxxxxxxxxxxx5.69 %
Return on Assets xxxxxxxxxxxxxxx5.29 %
Return on Equity xxxxxxxxxxxxxxx8.05 %
Return on Total Capital xxxxxxxxxxxxxxx2.14 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-49.5 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx286 M
Long Term Debt xxxxxxxxxxxxxxx1,163 M
Total Debt xxxxxxxxxxxxxxx1,449 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx39 M
Price To Book Value xxxxxxxxxxxxxxx0.83

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx50.2 M
Capex % of Sales xxxxxxxxxxxxxxx25.78 %
Cost of Goods Sold xxxxxxxxxxxxxxx81 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx30 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2,045 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

0.3

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

19/08/2025

3

Neutral

$4.12

-1.90%

UBS notes Charter Hall Retail REIT's FY25 operating EPS and FY26 were largely in line with expectations. 

One key takeaway was contribution from HPI acquisition in 2H25 implied $21m annualised vs the broker $22m forecast, and expected to be higher in FY26.

The broker also believes Charter Hall Convenience Retail Fund (CCRF) will increasingly be a key growth driver vs core portfolio.

Further upside will likely need balance sheet acquisitions, according to the broker, but CCRF may crowd the REIT out of some deals.

Neutral. Target rises to $4.12 from $3.95 based on property yield of 6%.

FORECAST
UBS forecasts a full year FY26 dividend of 25.40 cents and EPS of 26.20 cents.
UBS forecasts a full year FY27 dividend of 25.60 cents and EPS of 26.70 cents.

Ord Minnett

xx/xx/xxxx

0

xxxxxxxxx xx xxxxxxxx

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

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Jarden

20/08/2025

3

Neutral

$4.35

3.57%

Charter Hall Retail REIT is well placed for accelerating growth in FY26, according to Jarden, as weighted average cost of debt (WACD) peaks in FY25.

Falling debt is supported by the HPI acquisition, the new Charter Hall Convenience Retail Fund (CCRF) fund, balance sheet flexibility and steady organic growth, suggest the analysts.

The broker expects a funds from operations (FFO) compound annual growth rate (CAGR) of 4.3% from FY25-28, helped by rental growth and cap rate compression across shopping centre and net lease portfolios.

Commentary highlights the CCRF deal, which provides balance sheet headroom and indirect exposure to competitively priced capital, as well as record specialty leasing spreads of 5.5% in shopping centres.

Net lease retail now makes up 39% of the portfolio value, with HPI’s rent review structure adding to growth, explains the broker. WACD is expected to have peaked at 4.9%, with interest costs set to moderate.

Jarden lifts its FY26-28 FFO forecasts by up to 5.1% and raises its target price to $4.35 from $4.30. Neutral rating retained.

FORECAST
Jarden forecasts a full year FY26 dividend of 25.40 cents and EPS of 26.30 cents.
Jarden forecasts a full year FY27 dividend of 26.30 cents and EPS of 27.50 cents.
Access Extra Coverage Research History >

CQR STOCK CHART

FNArena News on CQR

1
Weekly Ratings, Targets, Forecast Changes – 22-08-25

Aug 25 2025 - Weekly Reports
2
In Case You Missed It – BC Extra Upgrades & Downgrades – 22-08-25

Aug 22 2025 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Aug 20, 2025

Aug 20 2025 - Daily Market Reports
4
FNArena Corporate Results Monitor – 19-08-2025

Aug 19 2025 - Australia
5
Australian Broker Call *Extra* Edition – Aug 13, 2025

Aug 13 2025 - Daily Market Reports

Latest REITs News

1
Australian Listed Real Estate Tables – 25-08-2025

Aug 25 2025 - Weekly Reports
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Jul 14 2025 - Weekly Reports
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Jul 07 2025 - Weekly Reports
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Jul 01 2025 - Weekly Reports
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Jun 23 2025 - Weekly Reports