Charter Hall Retail REIT

CQR: XASX (AUS)
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Longer Leases to Stronger Tenants Paying Dividends for Charter Hall Retail REIT

Following no-moat Charter Hall Retail REIT’s first-half results, we make no change to our fiscal 2021 estimates of a distribution of 23.5 cents and operating earnings of 28.5 cents. Our estimates are marginally above guidance provided by management at its results on Feb.15. While our long-term expectations are unchanged, we increase our fair value estimate by 1% to AUD 3.85, due to time value of money.

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