ASX:CQRRetail REITs
Charter Hall Retail REIT (ASX:CQR) Shares Trade Below Asset Backing As Debt Risks Linger
Charter Hall Retail REIT slipped into this result priced as a mild outperformer, with the unit price up about 12% over three months and closing at A$4.23 after the latest session. The headline, however, sits in the balance sheet and valuation story. Net tangible assets stand at A$5.03 per unit while the stock trades at a clear discount and the trust carries debt that is not well covered by operating cash flow.
Today the market is weighing that asset backing and low P/E against the reality of...

