Highlights

  • Consensus rating of Buy from 10 analysts: 4 Buy or equivalent, 5 Hold, 1 Sell or equivalent.
  • Mean price target of A$4.42 against a share price of A$3.47 on 8 October 2026, an implied upside of 27.2%.
  • Analyst targets range from A$4.05 to A$4.77.
  • Operating Earnings were $153.4 million, or 26.4 cents per unit, up 4.0%, and the distribution was 25.5 cents per unit, up 3.3%.

Charter Hall Retail REIT (ASX:CQR) carries a consensus analyst rating of Buy. Of the 10 analyst recommendations recorded, 4 are Buy or equivalent, 5 are Hold and 1 is Sell or equivalent. The mean price target is A$4.42, with targets ranging from A$4.05 to A$4.77, against a current share price of A$3.47 (8 October 2026). Charter Hall Retail REIT is an Australian REIT that owns convenience-based retail assets, split between shopping centres and net Lease properties.

Company name

Charter Hall Retail REIT

Ticker

(ASX:CQR)

Exchange

ASX (Australian Securities Exchange)

Current share price

A$3.47

Price date

8 October 2026

Number of analysts

10

Rating consensus

Buy

Consensus price target (mean)

A$4.42

Highest target

A$4.77

Lowest target

A$4.05

Implied upside/downside to mean target

Implied upside of 27.2%

Latest developments

Charter Hall Retail REIT (ASX:CQR) announced its 2026 full year results on 7 August 2026. Operating earnings were $153.4 million, or 26.4 cents per unit, up 4.0%, and the distribution was 25.5 cents per unit, up 3.3%. Statutory profit was $389.4 million and net tangible Assets were $5.03 per unit, up 8.4% from 30 June 2025. Balance Sheet gearing was 30.9% on a pro forma basis, and a major Debt refinance reduced the debt Margin by 40 basis points to 125 basis points.

Like-for-like net property income grew 3.0% overall, with both shopping centres and net lease retail at 3.0%. Occupancy rose to 99.1%, specialty leasing spreads were positive 4.1%, comprising 271 renewals at 3.9% and 145 new leases at 4.7%, and total moving annual turnover grew 3.2% with supermarket turnover up 3.6%.

The REIT progressed towards its target of about 50% Convenience Retail Shopping Centres and about 50% Convenience Net Lease Retail assets. After balance date, in July 2026, it acquired Yeppoon Central in Queensland for $65.3 million and divested three metro assets for $210 million. The net lease retail portfolio also settled on a previously disclosed $200 million Equity investment.

Risks and what to watch

Gearing of 30.9% is shown pro forma for July 2026 transactions and a post balance date refinance. Valuation growth contributed to statutory profit of $389.4 million, which differs from operating earnings of $153.4 million. Retail property results depend on tenant sales, leasing spreads, interest rates and Capitalisation rates, and the portfolio Rebalancing involves acquisitions and disposals.

Next milestones

Items to watch include progress on the portfolio mix towards about 50% net lease, the effect of the July 2026 Acquisition and divestments, gearing, leasing spreads and moving annual turnover growth, and the half-year result.