Charter Hall Retail REIT
Charter Hall Retail REIT(ASX:CQR) is Australia’s leading owner and manager of convenience based retail.
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Our Goal
Our goal is to maintain our position as the leading owner and manager of convenience based retail in the Australian market and provide a secure and growing income stream for our investors.
With a focus on non-discretionary retail, we optimise returns for our investors and create enjoyable and convenient shopping experiences for more than 130 million shopper visitations to our centres each year.
What sets us apart
We do this through our dedicated team of highly skilled retail experts who provide end-to-end property services to our portfolio. 
Charter Hall Retail REIT is managed by Charter Hall Group (ASX: CHC), one of Australia’s leading property groups. Charter Hall owns and manages office, retail, industrial and logistics properties on behalf of institutional, wholesale and retail clients, with funds under management totalling $23.2 billion as at 30 June 2018.
Our Strategy
The REIT’s strategy is unchanged, and its focus remains on being the leading owner and manager of convenience based retail. CQR’s aim is that all of its convenience and convenience plus centres are the leading convenience based retail offerings in their respective catchments.
Active Management
Maintaining strong tenant relationships, optimising tenancy mix through proactive leasing and enhancing the overall shopper experience.
OCCUPANCY
98.1%
235 LEASE RENEWALS AND NEW LEASES
165
SPECIALITY LEASING SPREAD
1.3%
MAJORS MAT GROWTH1
3.3%
Enhance Portfolio Quality
Through value enhancing redevelopment, selective acquisitions of higher growth properties and low growth disposals.
PORTFOLIO VALUE
$2.8b
THREE FORECAST HIGHER GROWTH PROPERTIES ACQUIRED FOR2
$274m
DISPOSED 15 LOWER GROWTH ASSETS FOR3
$309m
Prudent Capital Management
With a focus on a strong and flexible balance sheet, prudent gearing and a sustainable payout ratio.
WEIGHTED AVERAGE DEBT MATURITY4
5.4yrs
PRO-FORMA BALANCE SHEET GEARING5
32.7%
NO DEBT MATURING UNTIL
FY21
  1. For stores in turnover.
  2. Includes the 50% post balance date settlement of Gateway Plaza contracted in June 2018.
  3. Divestments calculated at CQR’s share and excludes the 47.5% sale of Salamander Bay Square contracted and settled in August 2018.
  4. June 2018 pro-forma weighted average debt maturity post funding of two new debt facilities and equivalent cancellation of syndicated debt facility (5.1 years at 30 June 2018).
  5. June 2018 pro-forma balance sheet gearing post contracted asset disposals and acquisitions (33.4% at 30 June 2018).
2018 Financial
Highlights
OPERATING EARNINGS
$123.2m
PORTFOLIO WALE
6.6yrs
PORTFOLIO VALUE
$2.8b
1.0%
NTA PER UNIT
$4.22
2.2%
MAT GROWTH6
2.2%
DISTRIBUTION PER UNIT
28.2C
0.4%
NPI GROWTH6
1.8%
  • 6. Like-for-like
Chair and Fund Manager's Letter
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FY18 marked a year of transition for the Charter Hall Retail REIT, the result being a portfolio that is positioned for growth.
John Harkness
Independent Chairman
Greg Chubb
Retail CEO, Charter Hall
Executive Director &
Fund manager, CQR
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Portfolio
Performance
New South Wales/
Australian Capital
Territory
Asset Value by State (%)
52
Queensland
Asset Value by
State (%)
17
Victoria
Asset Value by
State (%)
10
South
Australia
Asset Value by
State (%)
4
Northern
Territory
Asset Value by
State (%)
1
Western
Australia
Asset Value by
State (%)
16
GROSS LETTABLE AREA (GLA)
>580,000sqm
RETAIL SALES
$5.0b+
PORTFOLIO OCCUPANCY
98.1%
CUSTOMER VISITS ANNUALLY
>130m
Board and
Management
John Harkness
Independent Chairman
Roger Davis
Independent Non-Executive Director & Chair Elect
Alan Rattray-Wood
Independent Director
Michael Gorman
Independent Director
Sue Palmer
Independent Director
David Harrison
Executive Director
Greg Chubb
Executive Director
Christine Kelly
Deputy Fund Manager and
Head of Retail Finance
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