Australia's Charter Hall Social rises on strong results, payout

Charter Hall Social Infrastructure REIT

12/08/2021 02:41

** Shares of Charter Hall Social Infrastructure REIT
 CQE.AX  rise as much as 2.5% to A$3.630, their highest since
July 27 
    ** The real estate investment trust says FY statutory profit
after tax rose 103.4% to A$174.1 mln ($128.31 mln) and declares
a distribution of 19.71 Australian cents per share for FY21
 urn:newsml:reuters.com:*:nASX4WSxpn
    ** Says it expects to pay a distribution of 16.7 Australian
cents per share in FY22, adding that it will continue to pay
quarterly distributions during the coming year 
    ** Stock marks its biggest intraday percentage gain since
Aug. 6 
    ** Stock up 9.8% this year, as of last close 


($1 = 1.3569 Australian dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))