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General Information

Charter Hall Retail REIT
CQR
http://www.charterhall.com.au/cqr
Retail Real Estate Investment Trusts
1,637
376

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$4.36 $4.41 $4.42 $4.36 $4.36 1427442 - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Sell
22/05/2015
3

Company Overview

Business Description
Charter Hall Retail REIT (CQR) is a sector specific Australian listed property trust, or A-REIT, offering exposure primarily to the supermarket anchored neighbourhood and sub-regional shopping centre markets in Australia. Charter Hall Retail REIT is managed by Charter Hall Group (CHC).
Strategy Analysis
CQR seeks to provide unitholders with a secure income stream and the prospect of capital growth by achieving scale in the retail sector enhanced by active asset management, refurbishment, development and recycling capital to reduce debt through disposal of mature, lower growth assets. Charter Hall Retail REIT reported NPAT of $15.8m for the half-year ended 31 December 2012. Revenues from ordinary activities were $93.5m, up 17% from the same period last year. Basic and Diluted EPS was 5.08 cents compared to (5.24) cents last year. Net operating cash flow was $38.3m compared to $42.0m last year. The interim dividend declared was 13.30 cents compared with 13.00 cents last year.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016 F 117.9 31.3 4.8% 13.9 28.2 6.5% 0.0%
2015 F 111.0 29.8 0.8% 14.6 27.5 6.3% 0.0%
2014 A 105.3 29.6 -0.5% 12.7 27.3 7.2% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2014 A 2015 F 2016 F 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F
Charter Hall Retail (CQR) $1,671M -0.2073 0.0750 0.0399 16.0360 14.9179 14.3456 6.13% 6.18% 6.38%
Federation Centres (FDC) $4,397M 0.0756 0.0833 0.0305 18.1926 16.7939 16.2963 4.97% 5.52% 5.69%
Novion Property (NVN) $7,908M -0.0071 0.1110 0.0203 20.6758 18.6097 18.2399 5.29% 5.37% 5.47%
Scentre (SCG) $21,031M -0.6809 2.6699 0.0579 64.5425 17.5868 16.6246 5.16% 5.29% 5.52%
Westfield Corporation (WFD) $19,472M -0.4057 0.9386 0.1366 38.3388 19.7763 17.4002 5.23% 3.46% 3.64%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 1.54 14.70 1.28 2.57
Market 1.01 17.00 1.33 1.59
Sector 1.57 15.00 1.18 2.32

Directors

Name Position Start Date
Mr Francis Scott Dundas Alternate Director 11/09/2012
Mr David Southon Executive Chairman, Executive Director 01/03/2010
Mr David William Harrison Executive Director 01/03/2010
Mr Maurice John Koop Non-Executive Director 12/08/2002
Mr Alan G Rattray-Wood Non-Executive Director 06/03/1996
Mr John Beresford Harkness Non-Executive Director, Non-Executive Chairman 18/08/2003

Management

Name Position
Rebecca Kate Pierro Company Secretary

Substantial Shareholders

Holding Name
36,424,021 (9.98%) Charter Hall Limited, Charter Hall Holdings Pty Limited & Charter Hall Funds Management Limited
35,008,939 (9.65%) Mondrian Investment Partners Limited
21,454,177 (6.55%) The Gendel Group Pty Ltd and its associates
22,349,561 (6.05%) Commonwealth Bank of Australia
18,452,968 (5%) The Vanguard Group Inc.

Calendar of Events

Date Event
18 February 2016 Report (Interim)
29 September 2015 Report (Annual)
19 August 2015 Report (Prelim)
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