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Image: The Property Tribune, Henry Thai.
  • CQE valuations up $101.5M
  • CLW valuations up $137.7M
  • CQR valuations up $185M

Charter Hall Social Infrastructure REIT (ASX: CQE), Charter Hall Long WALE REIT (ASX: CLW), and Charter Hall Retail REIT (ASX: CQR) have all recorded valuations uplifts of over $100M a piece.

Charter Hall Social Infrastructure REIT (ASX: CQE)

The company’s 361 property portfolio saw valuations move up $101.5 million or 5.6% for the period ending 30 June 2022.

The average passing yield on the properties compressed 20 bps from 4.9% to 4.7%.

The unaudited impact of the valuations announced represents a $0.28, or 7.4% increase on the December 2021 NTA per unit of $3.78.

Charter Hall Long WALE REIT (ASX: CLW)

Ninty per cent of the CLW portfolio has been independently valued, with the 529 properties seeing a valuations uplift of $137.7 million or 2.0% on prior book values. The overall portfolio increased from $7 billion to $7.1 billion, and the portfolio average cap rate has compressed 3 bps from 4.38% to 4.35%.

The unaudited impact of the valuations announced today represents an estimated increase in the NTA per security from $5.89 as at 31 December 2021 to $6.08, reflecting a $0.19 or 3.2% increase.

Charter Hall Retail REIT (ASX: CQR)

CQR’s entire portfolio was independently valued, the result of which showed an increase in value of $185 million or 4.5% on prior book values, inclusive of forecast capital expenditure.

The company noted forecast capital expenditure is estimated to be $35 million for the six months ending 30 June 2022.

The overall portfolio value has increased from $4,010 million to $4,255 million, including net acquisitions of $60 million over six months to 30 June 2022, and the portfolio average cap rate has compressed 19 bps to 5.39% to 5.20%.

The shopping centre convenience retail portfolio cap rate has compressed 21 bps from 5.66% to 5.45% and the Long WALE convenience retail portfolio cap rate has compressed 5 bps from 4.37% to 4.32%.

The unaudited impact of the valuations announced today represents a $0.26, or 5.7% increase on the December 2021 NTA of $4.54.This excludes movements in working capital, derivatives and FX.

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