Charter Hall Retail REIT
CQR: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|!> | LOCK|P!H | LOCK|HYk^?>v |
We Initiate on Charter Hall Retail REIT With a Fair Value Estimate of AUD 4.60 and a No-Moat Rating
Business Strategy and Outlook
The investment objective of Charter Hall Retail REIT is to provide a resilient and growing income stream for investors. It does so by focusing on convenience-based retail properties which provide everyday goods and services. Two-thirds of the portfolio by book value is convenience shopping centers, mostly anchored by supermarkets and skewed to nondiscretionary retail.
