Charter Hall Social Infrastructure REIT
ASX:CQE
Charter Hall Social Infrastructure REIT
Charter Hall Social Infrastructure REIT operates as a real estate investment trust. The company is headquartered in Sydney, New South Wales. The company went IPO on 2003-05-22. The Trust is focused on investing in social infrastructure properties within Australia and New Zealand. The Trust's portfolio includes approximately 356 properties, which are located across various locations, including Queensland, South Australia, Western Australia, New South Wales/ Australian Capital Territory, Tasmania and Northern Territory. The company also includes approximately 33 leasehold properties, which are subject to a head lease with a freehold owner of the property. The Trust's portfolio includes Mater Misericordiae Limited, Brisbane City Council Bus Network Terminal, and South Australian Emergency Services Command Centre. The Trust is managed by Charter Hall Group.
Charter Hall Social Infrastructure REIT operates as a real estate investment trust. The company is headquartered in Sydney, New South Wales. The company went IPO on 2003-05-22. The Trust is focused on investing in social infrastructure properties within Australia and New Zealand. The Trust's portfolio includes approximately 356 properties, which are located across various locations, including Queensland, South Australia, Western Australia, New South Wales/ Australian Capital Territory, Tasmania and Northern Territory. The company also includes approximately 33 leasehold properties, which are subject to a head lease with a freehold owner of the property. The Trust's portfolio includes Mater Misericordiae Limited, Brisbane City Council Bus Network Terminal, and South Australian Emergency Services Command Centre. The Trust is managed by Charter Hall Group.
Earnings Growth: Operating earnings per unit increased by 11.8% to $0.085, driven by strong rental growth and accretive acquisitions.
Distribution Upgrade: Full year distribution guidance was upgraded to $0.17 per unit, up 11.8% from FY '25.
Portfolio Activity: $181 million of acquisitions at a 6.8% yield and divestment of $89 million in early learning properties at a 4.3% yield, improving portfolio returns.
Rental Growth: Like-for-like rent reviews delivered 4.2% weighted average rental growth, with 58 market reviews resulting in a 6.1% uplift.
Hedging & Balance Sheet: Weighted average cost of debt is 5.1% with 81% hedged; gearing is at 34.1%, towards the lower end of the target range.
Occupancy: Portfolio occupancy remains high at 99.6%, with expectations to return to 100% following leasing activity.
Guidance Reflects Rates: Earnings and distribution guidance factor in the most recent rate hike and updated interest rate outlook.
