Charter Hall Retail REIT Reports FY26 Results
Key points
- Operating earnings increased 4.0% to $153.4 million
- Distribution increased 3.3% to 25.5 cents per unit
- Portfolio occupancy reached 99.1% with strong specialty leasing spreads
Full summary
Charter Hall Retail REIT (ASX: CQR) announced its full-year results for FY26, highlighting significant financial and operational achievements. Operating earnings rose by 4.0% to $153.4 million, or 26.4 cents per unit, while the distribution increased by 3.3% to 25.5 cents per unit. The statutory profit was $389.4 million, and net tangible assets (NTA) per unit grew by 8.4% to $5.03. The portfolio occupancy increased to 99.1%, and specialty leasing spreads averaged +4.1%, with 271 specialty lease renewals and 145 new leases. The REIT also completed a major debt refinance, reducing the debt margin by 40 basis points to 125 basis points.
Guidance
FY27 operating earnings expected to be no less than 27.3 cents per unit (growth of 3.5%)
Outlook
Charter Hall Retail REIT expects to deliver sector-leading property income and earnings growth through investment in high-quality convenience retail assets.
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