Charter Hall Social Infrastructure REIT’s H2 DPU 2020 Down 10.2%
February 11, 2021 – Charter Hall Social Infrastructure REIT reported that its distribution per unit (DPU) in the second half of 2020 hit 7.5 Australian cents, 10.2% lower than the 8.35 Australian cents seen in the same second half period in 2019.
The REIT recorded a statutory profit of $57.8 million for the period. Operating earnings amounted to $29.1 million for the period ended 31 December 2020.
Charter Hall Social Infrastructure REIT’s (CQE) Fund Manager, Travis Butcher said: “Consistent with CQE’s strategy, our focus during the period has been on enhancing income sustainability and resilience by improving the quality of tenants and leases within the portfolio. This has included the extension of 58 leases to an average 20 years with CQE’s major tenant, Goodstart and the acquisition of two new social infrastructure properties with strong tenant covenants.”
“CQE is well positioned in the current economic environment with low gearing and $130 million of investment capacity to deliver secure income and capital growth to investors”.
Read more here..
Related News
Charter Hall Social Infrastructure REIT Acquires South Australian Emergency Services Command Centre
