Street View: Brokers back Charter Hall Retail as portfolio overhaul pays off

Charter Hall Retail REIT

10/08/2026 24:00

** Investment and fund manager Charter Hall Retail CQR.AX on Friday reported full-year profit attributable of A$389.4 million ($273.79 million), up nearly 80% from last year
** Charter Hall Retail REIT announces annual distribution of 25.5 AU cents/share, a 3.3% increase on FY25

BROKERS SEE EARNINGS QUALITY IMPROVING, VALUATION STILL ATTRACTIVE
** Jefferies raises price target (PT) to A$4.77 from A$4.22; maintains "buy" rating 
** Brokerage says six-year portfolio transition to roughly 50% net lease exposure has improved earnings quality and reduced capital intensity
** Morningstar raises fair value estimate by 4% to A$4.80 
** Views expansion of net lease exposure positively given inflation-linked rent reviews and tenant-funded operating costs
** Brokerage Citi maintains "buy" at a price target of A$4.70
** Notes record occupancy of 99.1%, specialty leasing spreads of 4.1% and upcoming CPI rent reviews provide near-term earnings support
** Stock has risen 3.9% YTD, as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))