Morningstar initiates coverage on Australia's Charter Hall Retail REIT

Charter Hall Retail REIT

30/07/2025 21:31

** Morningstar initiates coverage on Charter Hall Retail REIT CQR.AX, assigns a fair value (FV) estimate of A$4.60 per security

** FV estimate a 16% discount to the convenience retail REIT's last closing price of A$3.86 per security

** Assigns 'low' uncertainty rate, investment research firm highlights 'fairly predictable' REIT income given long leases to solid tenants

** However, also flags risks to long leases as contractual rent increases may lag prevailing market rates

** Morningstar believes CQR has a higher quality portfolio compared to other major convenience retail REITS

** 8 analysts rate 'hold' on average with a median PT of A$4.10, per LSEG-compiled data

** YTD, securities up 22.5%

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))