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Charter Hall Retail REIT ( (AU:CQR) ) just unveiled an update.
Charter Hall Retail REIT has announced the acquisition of four net lease convenience hardware assets leased to Bunnings, totaling $151 million. These acquisitions are strategically located in growing regional centers and are expected to enhance the company’s net lease position in the hardware sector, complementing its convenience retail strategy. The acquisitions are funded through undrawn debt capacity, offering earnings and IRR accretion. As a result, the company has upgraded its FY26 earnings and distribution guidance, indicating positive growth prospects and a strong positioning in the market.
The most recent analyst rating on (AU:CQR) stock is a Buy with a A$4.41 price target. To see the full list of analyst forecasts on Charter Hall Retail REIT stock, see the AU:CQR Stock Forecast page.
More about Charter Hall Retail REIT
Charter Hall Retail REIT, managed by Charter Hall Group, is a leading owner of property for convenience retailers in Australia. The company is part of a diversified property investment and funds management group that focuses on sectors such as Office, Industrial & Logistics, Retail, and Social Infrastructure, aiming to create value and generate superior returns for investors.
Average Trading Volume: 1,148,909
Technical Sentiment Signal: Buy
Current Market Cap: A$2.41B
See more insights into CQR stock on TipRanks’ Stock Analysis page.