Investment Matters

Charter Hall Retail REIT

Charter Hall Retail chugs along year after year.  They released another sound result for FY15.  Occupancy was maintained at 98.4%, and like-for-like net operating income growth was 2.4%.

Concurrently with the results Charter Hall Retail announced the acquisition of two new shopping malls - Goulburn Plaza, NSW and Katherine Central, NT.  Both acquisitions are in attractive catchments.  Charter Hall Retail conducted a small raising to partially fund the acquisitions, which we participated in on your behalf.

Charter Hall Retail is forecasting operating earnings between 30.25 and 30.75cps.  This represents growth between 1.9% and 3.5% over FY15 (commendable in the current economic environment).

Charter Hall REIT 11 Sep 15