Highlights

  • FY26 operating Earnings were 26.4 cents per unit, portfolio occupancy reached 99.1%, and management provided FY27 operating earnings guidance.
  • Charter Hall Retail REIT reported FY26 operating earnings of 26.4 cents per unit, 4.0% higher than FY25 and in line with upgraded guidance.
  • Net tangible Assets reached AUD 5.03 per unit, up 8.4% from June 2025.

Charter Hall Retail REIT (ASX:CQR) was priced at AUD 3.60, down 1.10% in the reported market trading figures. FY26 operating earnings were 26.4 cents per unit, portfolio occupancy reached 99.1%, and management provided FY27 operating earnings guidance. The company’s published FY26 announcement presents its property, leasing, financial and capital-management information for the reported period. Figures below follow the announcement’s stated measures and reporting basis.

Operating Results and Portfolio

Charter Hall Retail REIT reported FY26 operating earnings of 26.4 cents per unit, 4.0% higher than FY25 and in line with upgraded guidance. Its Portfolio Investment value was approximately AUD 5.2 billion on the pro-forma basis described in the results presentation. Occupancy was 99.1%, an increase of 0.2 percentage points from June 2025. Same-property net property income grew 3.0%, with both shopping-centre and net-lease retail contributing 3.0%.

Acquisitions and Disposals

During the second half, the REIT completed the Acquisition of Gympie Central, Whitsunday Plaza and Armidale Central for AUD 251 million at an average Yield of 6.7%. It increased its interest in CH Ampol Partnership 1 from 5% to 49.9% through a AUD 200 million Equity investment. Its Retail Partnership No. 6 interest was sold for AUD 80.5 million. The Lansell Square sale settled for AUD 110 million. Transactions after year-end included the purchase of Yeppoon Central for AUD 65.3 million and three asset divestments for AUD 210 million.

Balance Sheet and Rent Growth

Net tangible assets reached AUD 5.03 per unit, up 8.4% from June 2025. The 12-month levered portfolio return was 15.8%. Pro-forma gearing was 30.9%, incorporating the post-year-end transactions and refinancing noted in the presentation. The trust reduced its Debt Margin by approximately 40 basis points to 125 basis points following refinancing, while the weighted average cost of debt was 5.0%. Its portfolio has a mix of supermarket-anchored centres and convenience net-lease properties.

Outlook and Portfolio Strategy

Management provided FY27 operating earnings guidance of 27.3 cents per unit, indicating growth of at least 3.5%. The trust describes continued portfolio curation, targeted acquisitions and disposals and active leasing as operating priorities. The figures are guidance rather than reported FY27 results. The presentation also discusses its exposure to major tenants including Coles, Woolworths, Bunnings and convenience retailers, with contractual rental review structures across its assets.

Reported Position and Further Disclosures

The results distinguish operating metrics from statutory financial measures and, where applicable, adjusted or non-IFRS measures such as funds from operations. Occupancy, leasing, rental income and asset values describe different elements of Charter Hall Retail REIT’s operations. Forward guidance and management targets are presented as stated company expectations rather than achieved financial outcomes. The figures in the attached release refer to their respective reporting dates and should not be treated as updated trading guidance unless subsequently confirmed by the company.