Revenue ($m) 96.3, down 9.8pc from year-earlier 106.8
Net profit ($m) 82.8 v 66.7
Interim dividend 10.7c v 14.5c, payable on February 26
Charter Hall Retail REIT reinstated full-year earnings guidance after a record six months of leasing activity in the second half of 2020 as shoppers flocked back to its $3.5 billion portfolio of supermarket-anchored convenience malls.
In August, the trust which trades under the ticker CQR, said it would not provide earnings guidance for the 2021 financial year citing “current COVID-19 uncertainty and its associated impacts”. The full-year distribution would be determined by operating cash flow.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
