Charter Hall Retail REIT
(ASX:CQR) has forecast stronger full year earnings after returning to profitability in the first half of the 2013 financial year.
The shopping centre investor has delivered a first half net profit of $15.8 million, rebounding from a loss the year before.
The result came in the same period Charter Hall executed a number of acquisitions in line with its strategy of reweight its portfolio to Australia by recycling equity from offshore assets.
Looking ahead Charter Hall expects operating earnings to grow to between 29.5 to 30 cents per unit over the current financial year.
An interim distribution at 13.3 cents per security has been maintained.
