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BRIEF-Charter Hall Retail REIT says co contracted to acquire portfolio of two shopping centres

Published 17/08/2015, 08:45 am
© Reuters.  BRIEF-Charter Hall Retail REIT says co contracted to acquire portfolio of two shopping centres
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Aug 17 (Reuters) - Charter Hall Retail REIT CQR.AX :

* Full year results & equity raise - media release CQR.AX

* Contracted to acquire a portfolio of two high quality sub- regional shopping centres located in regional NSW and the northern territory

* Says portfolio will be acquired for a combined acquisition price of $94.9 million

* Acquisition & offer are expected to be neutral to FY 2016 operating earnings per unit, when considered net of non-core disposal activity in FY 2015

* Says acquisition of the portfolio will be funded by a fully underwritten insitutional placement of $50 million

* Says transaction will be accretive to nta and is expected to be accretive to FY 2017 operating earnings per unit

* Barring unforeseen events, the reit's FY 2016 guidance for operating earnings is between 30.25 and 30.75 cents per unit

* For FY 2016 distribution payout ratio range is expected to remain between 90% and 95%

* FY statutory profit of $162.5 million

* Source text for Eikon ID:nASX8vP9qb

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