Charter Hall Retail REIT Swings to Profit in Fiscal H1 as Revenue Rises; Reaffirms 2025 Guidance

MT Newswires Live
14 Feb

Charter Hall Retail REIT (ASX:CQR) reported Friday fiscal first-half statutory earnings of AU$0.1869 per unit, compared with a loss of AU$0.0724 a year earlier.

Analysts polled by Visible Alpha expected earnings of AU$0.044 per unit.

Total revenue and other income for the six months ended Dec. 31, 2024, was AU$193 million, compared with AU$149.5 million a year earlier. Of the total, property income was AU$95.5 million. Analysts surveyed by Visible Alpha expected net property income from wholly owned properties of AU$87.6 million.

Total revenue not counting other income was AU$96.2 million, compared with AU$109.4 million a year earlier.

The company reconfirmed its guidance for fiscal 2025 operating earnings of about AU$0.254 per unit and distribution per unit of AU$0.247. Analysts polled by Visible Alpha expect net earnings of AU$0.259 per diluted share and net property income of AU$177.3 million.

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