Brief: Charter Hall Retail REIT Announces Contracts To Sell Shopping Centre Assets For A$225.5 Mln

Charter Hall Retail REIT

11/12/2023 23:26

Dec 12 (Reuters) - Charter Hall Retail REIT  CQR.AX :
    * CQR CONTRACTS TO SELL $A225.5M SHOPPING CENTRE ASSETS
    * ANNOUNCE CONTRACTED SALE OF SOUTHGATE SQUARE, SOUTH
AUSTRALIA
FOR A$91 MILLION
    * CONTRACTED SALE OF ROSEBUD PLAZA, VICTORIA FOR A$134.5
MILLION
    * PRO-FORMA BALANCE SHEET GEARING EXPECTED TO REDUCE FROM
29% TO
APPROXIMATELY 25% POST SETTLEMENT
    * DISTRIBUTION PAYOUT RATIO RANGE IS EXPECTED TO BE 90-95%
OF
OPERATING EARNINGS FOR FY24
    * EXPECTS FY24 OPERATING EARNINGS TO BE APPROXIMATELY 27.4
AU
CENTS PER UNIT

Source text for Eikon:  ID:nASX5bs13w 
Further company coverage:  CQR.AX 

 ((Reuters.Briefs@thomsonreuters.com;))