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Business Description: Charter Hall Retail REIT (CQR) is a sector specific Australian listed property trust, or A-REIT, offering exposure primarily to the supermarket anchored neighbourhood and sub-regional shopping centre markets in Australia, New Zealand, USA and Europe. Charter Hall Retail REIT is managed by Charter Hall Retail Management Limited.
Strategy Analysis: CQR seeks to provide unitholders with a secure income stream and the prospect of capital growth by achieving scale in the retail sector enhanced by active asset management, refurbishment, development and recycling capital to reduce debt through disposal of mature, lower growth assets.
Charter Hall Retail REIT reported NPAT of $15.8m for the half-year ended 31 December 2012. Revenues from ordinary activities were $93.5m, up 17% from the same period last year. Basic and Diluted EPS was 5.08 cents compared to (5.24) cents last year. Net operating cash flow was $38.3m compared to $42.0m last year. The interim dividend declared was 13.30 cents compared with 13.00 cents last year.
The Age 24/05/2013 |
The door has been opened to full deregulation of electricity prices in NSW after a report found there was a high degree of competition, with more than 60 per cent of households on unregulated contracts.
The Age 24/05/2013 |
James Hardie expects no big improvement in the housing market this year but says the sector has stabilised after interest rate cuts.
The Age 24/05/2013 |
Foster's owner SABMiller reported a 5 per cent drop in sales volumes in Australia over the past year but notched up 3 per cent growth in the fourth quarter, boosted in particular by the relaunch of Victoria Bitter.
The Age 24/05/2013 |
The ASX took more than three hours to tell stockbrokers and investors a computer failure had knocked out its critical market announcements feed in October last year, according to a new investigation into the incident.
The Age 24/05/2013 |
The Australian dollar plunged to its lowest level in a year, shedding over US2¢ in a session, as traders reacted to contradictory comments from the head of the US Federal Reserve on Thursday.
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