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Charter Hall Retail REIT ( (AU:CQR) ) just unveiled an update.
Charter Hall Retail REIT has reported strong operational performance with resilient consumer spending in convenience retail, leading to significant growth in net property income and a 20% increase in security price over the past year. The company has achieved net zero carbon emissions through renewable energy initiatives and anticipates continued growth due to high demand for convenience retail properties and limited supply, positioning itself for sustained capital growth and increased earnings per share.
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 is a prominent player in the convenience retail property sector, focusing on owning and managing a portfolio of convenience retail assets. The company aims to be the leading owner of such properties in Australia, with a strategic focus on delivering high earnings per share growth within the sector.
Average Trading Volume: 1,148,909
Technical Sentiment Signal: Buy
Current Market Cap: A$2.41B
For an in-depth examination of CQR stock, go to TipRanks’ Overview page.