Charter Hall profit and earnings up

Company News

Charter Hall Retail REIT (ASX:CQR) has announced a statutory $20.6 million for the first half of Fiscal 2014, up from $15.8 million for the same period last year. Operating earnings also improved 16.7% from $51.1 million to $43.8 million. The results reaffirmed full year guidance and a the group will distribute 13.65 cents per share to shareholders . The REIT expects operating earnings of between 29.5 to 30 cents per share, excluding the companies German assets, which are currently up for sale.

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