Charter Hall Retail REIT

CQR: XASX (AUS)
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Charter Hall Retail REIT Continues Transformation to Longer-WALE Tenants and Assets

Business Strategy and Outlook

Charter Hall Retail REIT owns or partially owns an Australian portfolio of roughly 50 convenience-focused shopping centres, 225 service stations leased to BP Australia, and a distribution centre leased to Coles. About 55% of income comes from tenants we view as unlikely to miss a rent payment. We expect this portion to surpass 60% of the portfolio in fiscal 2022, due to acquisitions, divestments, and developments that will increase the REIT’s exposure to defensive tenants including Woolworths, Coles, Aldi, and BP.

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