ASX:CQESpecialized REITs
Charter Hall Social Infrastructure REIT (ASX:CQE) Shares Trail Asset Backing Despite Solid Income
Charter Hall Social Infrastructure REIT came into this result with a quietly improving share price, up about 6% over the past month. Yet trading at A$2.77 still sits well below its net tangible asset base of A$3.93 per unit. That gap between market price and brick and mortar value is the real backdrop to today’s earnings.
The headline is simple. Earnings per unit climbed to A$0.173 and distributions per unit reached A$0.17, both backed by a near fully occupied portfolio and long leases. The...