Charter Hall Retail REIT
(ASX:CQR) has reported a steep decline its full year net profit of $9.7 million, down from $62.2 million the year before.
The property group says unrealised non-cash movements impacted its result.
Charter Hall delivered 3 per cent earnings per share growth underpinned by a strong and secure income stream as well as reweighting assets to Australia.
Its Australian portfolio represents 91 per cent of net tangible assets.
Charter Hall’s chief says the REIT is well positioned for full year 2013 and expects earnings per share growth in the range of 29.5-30 cents.
