Charter Hall Retail REIT stock gets a Macquarie upgrade

Published on 10/08/2026 at 02:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Macquarie moved the rating from Neutral to Outperform on October 1, 2026. The ASX price was AUD 3.49 on October 8, while FY26 earnings rose 4.0 percent.

Charter Hall Retail REIT, AU000000CQR9, Illustration mit AI erstellt.

Charter Hall Retail REIT (ISIN AU000000CQR9) was trading at AUD 3.49 on ASX on October 8, 2026 at 10:40 a.m. AEDT, up AUD 0.02 or 0.58 percent from AUD 3.47. Macquarie upgraded the trust from Neutral to Outperform on October 1, 2026, according to TradingView.

Macquarie shifts its rating

The upgrade gives the listed property trust a fresh analyst signal after its fiscal 2026 operating performance. The rating change was reported as Macquarie moved from Neutral to Outperform, while the available report did not state a new price target.

The market move was modest at 0.58 percent, leaving the unit price below the 52-week high of AUD 4.25. The same ASX session showed a low of AUD 3.46 and a high of AUD 3.50, with volume at 1,672,746 units.

FY26 earnings rose 4.0 percent

Charter Hall Retail REIT delivered FY26 operating earnings of AUD 153.4 million, up from AUD 147.5 million in FY25, while operating earnings per unit increased 4.0 percent to 26.39 cents. These figures cover the year ended June 30, 2026, and were reported by Kapitales Research on September 22, 2026.

Net tangible assets rose 8.4 percent to AUD 5.03 per unit, while portfolio occupancy was 99.1 percent. The trust also recorded a AUD 304.8 million net revaluation gain in FY26, compared with AUD 144.1 million in FY25, making valuation changes an important part of the statutory profit increase.

FY27 guidance sets the next test

Management expects FY27 operating earnings of at least AUD 0.273 per unit, representing growth of at least 3.5 percent from FY26. Distribution guidance is at least AUD 0.264 per unit, also a minimum 3.5 percent increase, according to Yahoo Finance.

The operating picture therefore combines 4.0 percent FY26 earnings growth with a forward target of at least 3.5 percent. For investors, the key tension is the gap between recurring earnings growth and the trust's dependence on property valuations to support statutory results.

ASX price stays below yearly high

Charter Hall Retail REIT was last at AUD 3.49 on ASX on October 8, 2026 at 10:40 a.m. AEDT, with a market capitalization of AUD 2.0 billion and a 52-week range of AUD 3.34 to AUD 4.25. The figures frame the rating upgrade against both the trust's operating growth and its valuation sensitivity.