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.
Asset Growth: CQE’s assets grew by 7.3% during the half, driven by acquisitions and valuation uplift.
NTA & Earnings: Net tangible assets per unit increased 3% to $3.05, and earnings per unit rose 2.4% to $0.085.
Leasing Strength: 40 new 20-year leases with Goodstart and 37 lease renewals increased WALE to 11.7 years.
Guidance Reaffirmed: Full-year earnings and distribution guidance maintained, expecting 3%-4% growth in earnings and 4.4% growth in distributions compared to FY '19.
Portfolio Quality: Ongoing focus on tenant quality and reducing exposure to smaller operators, with new acquisitions targeting high socioeconomic areas and strong tenant covenants.
Development Pipeline: $184.8 million pipeline with 14 sites expected to be delivered in the next 12 months, supporting future earnings growth.
Childcare Demand: Childcare sector demand remains robust, with participation and hours per child at record highs and ongoing equilibrium between supply and demand.
