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Charter Hall Retail REIT (ASX: CQR) Share Price and News

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Charter Hall Retail REIT (CQR) is an ASX real estate investment trust (REIT) that invests in convenience retail centres across Australia. The REIT is managed by Charter Hall Group (ASX: CHC), a major integrated property group that operates a range of other REITs on the ASX.

The Charter Hall Retail REIT is the leading owner and manager of convenience-based retail assets in Australia, with around 150 million visitations to its centres each year. Major tenants include Woolworths Group Ltd (ASX: WOW), Coles Group Ltd (ASX: COL), Wesfarmers Ltd (ASX: WES), Mosaic Brands Ltd (ASX: MOZ), and BP.

The REIT collects rental income from its tenants which are then distributed to investors, providing CQR shareholders with a stream of income that is paid every 6 months.

Charter Hall Retail REIT (ASX: CQR) Latest News

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Why I’m not buying shares in the Charter Hall Retail REIT

The Charter Hall Retail REIT (ASX: CQR) unit price fell by 3% to lead the S&P/ASX200 Index (ASX: XJO) losers yesterday after announcing the... More »


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Charter Hall Education Trust buys 13 learning centres in latest REIT spending spree

The Charter Hall Education Trust (ASX: CQE) remains in a trading halt after the real estate investment trust (REIT) announced the acquisition of 13... More »


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Cromwell Group (ASX:CMW) is restructuring its debt

Cromwell Group (ASX:CMW) has reduced its borrowing costs and lengthened it average debt expiry. More »


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Woolworths Group Ltd (ASX: WOW) does a deal with Charter Hall Group (ASX: CHC)

Woolworths Group Ltd (ASX: WOW) in partnership with unlisted property manager, Charter Hall Core Logistic Partnerships, apart of the Charter Hall Group (ASX: CHC),... More »


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Amazon Inc. is opening a second distribution centre in Sydney as it builds its product offering in Australia. More »


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FAQ

Will Charter Hall Retail REIT pay a dividend in 2020?

Because CQR is a trust, rather than a company, its payments to unit holders are known as ‘distributions’ rather than ‘dividends’. Charter Hall Retail REIT paid an interim distribution of 14.52 cents per unit on 28 February 2020. The REIT is scheduled to pay its final distribution for FY20 at the end of August. The trust successfully completed a $275 million institutional placement in April 2020 to strengthen its balance sheet. Whilst the REIT has announced its intention to pay the 2HFY20 distribution, this could be subject to the level of cashflow generated for the period. Charter Hall Retail REIT has paid twice yearly, unfranked distributions to its investors every year dating back to 1996. 

Does Charter Hall Retail REIT offer a DRP?

Yes. Charter Hall Retail REIT offers optional participation in its distribution reinvestment plan. Unit holders residing in Australia and New Zealand can elect either full or partial participation in the plan. The exception to this is unit holders with less than 150 units who, if they wish to participate in the DRP, must agree to full participation.