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Charter Hall Social Infrastructure REIT

ASX:CQE
Snowflake Description

Mediocre balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CQE
ASX
A$1B
Market Cap
  1. Home
  2. AU
  3. Real Estate
Company description

Charter Hall Education Trust (ASX:CQE), is an ASX listed Real Estate Investment Trust (A-REIT) that is the largest Australian property trust investing in social infrastructure properties within Australian and New Zealand. The last earnings update was 104 days ago. More info.


Add to Portfolio Compare Print
CQE Share Price and Events
7 Day Returns
-1.1%
ASX:CQE
2.4%
AU REITs
0.9%
AU Market
1 Year Returns
21.9%
ASX:CQE
22%
AU REITs
16.3%
AU Market
CQE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Charter Hall Social Infrastructure REIT (CQE) -1.1% -5.1% -5.1% 21.9% 47.7% 85.4%
AU REITs 2.4% 1.9% 1.7% 22% 35.2% 57.9%
AU Market 0.9% 1.9% 5.1% 16.3% 22.3% 22.5%
1 Year Return vs Industry and Market
  • CQE matched the REITs industry (22%) over the past year.
  • CQE outperformed the Market in Australia which returned 16.3% over the past year.
Price Volatility
CQE
Industry
5yr Volatility vs Market

Value

 Is Charter Hall Social Infrastructure REIT undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Charter Hall Social Infrastructure REIT to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Charter Hall Social Infrastructure REIT.

ASX:CQE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:CQE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.467 (1 + (1- 30%) (26.13%))
0.623
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.8 * 5.96%)
7.08%

Discounted Cash Flow Calculation for ASX:CQE using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

ASX:CQE Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$4.33
Current discount Discount to share price of A$3.56
= -1 x (A$3.56 - A$4.33) / A$4.33
17.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Charter Hall Social Infrastructure REIT is available for.
Intrinsic value
18%
Share price is A$3.56 vs Future cash flow value of A$4.33
Current Discount Checks
For Charter Hall Social Infrastructure REIT to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Charter Hall Social Infrastructure REIT's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Charter Hall Social Infrastructure REIT's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Charter Hall Social Infrastructure REIT's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Charter Hall Social Infrastructure REIT's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:CQE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.26
ASX:CQE Share Price ** ASX (2019-11-18) in AUD A$3.56
Australia REITs Industry PE Ratio Median Figure of 35 Publicly-Listed REITs Companies 16.29x
Australia Market PE Ratio Median Figure of 519 Publicly-Listed Companies 18.63x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Charter Hall Social Infrastructure REIT.

ASX:CQE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:CQE Share Price ÷ EPS (both in AUD)

= 3.56 ÷ 0.26

13.87x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Charter Hall Social Infrastructure REIT is good value based on earnings compared to the AU REITs industry average.
  • Charter Hall Social Infrastructure REIT is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Charter Hall Social Infrastructure REIT's expected growth come at a high price?
Raw Data
ASX:CQE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
7.8%per year
Australia REITs Industry PEG Ratio Median Figure of 30 Publicly-Listed REITs Companies 1.17x
Australia Market PEG Ratio Median Figure of 347 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

ASX:CQE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.87x ÷ 7.8%

1.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Charter Hall Social Infrastructure REIT is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Charter Hall Social Infrastructure REIT's assets?
Raw Data
ASX:CQE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$2.96
ASX:CQE Share Price * ASX (2019-11-18) in AUD A$3.56
Australia REITs Industry PB Ratio Median Figure of 40 Publicly-Listed REITs Companies 1.18x
Australia Market PB Ratio Median Figure of 1,584 Publicly-Listed Companies 1.75x
ASX:CQE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:CQE Share Price ÷ Book Value per Share (both in AUD)

= 3.56 ÷ 2.96

1.2x

* Primary Listing of Charter Hall Social Infrastructure REIT.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Charter Hall Social Infrastructure REIT is overvalued based on assets compared to the AU REITs industry average.
X
Value checks
We assess Charter Hall Social Infrastructure REIT's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Charter Hall Social Infrastructure REIT has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Charter Hall Social Infrastructure REIT expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Charter Hall Social Infrastructure REIT expected to grow at an attractive rate?
  • Charter Hall Social Infrastructure REIT's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Charter Hall Social Infrastructure REIT's earnings growth is positive but not above the Australia market average.
  • Charter Hall Social Infrastructure REIT's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:CQE Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:CQE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 7.8%
ASX:CQE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 8.9%
Australia REITs Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
Australia REITs Industry Revenue Growth Rate Market Cap Weighted Average -3%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:CQE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:CQE Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 100 58 86 2
2021-06-30 89 57 85 4
2020-06-30 81 54 81 4
2019-11-18
ASX:CQE Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 76 33 69
2019-03-31 77 36 79
2018-12-31 79 43 90
2018-09-30 78 45 97
2018-06-30 77 43 103
2018-03-31 74 43 105
2017-12-31 70 43 108
2017-09-30 70 41 115
2017-06-30 70 40 121
2017-03-31 69 38 119
2016-12-31 69 36 116
2016-09-30 66 35 112

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Charter Hall Social Infrastructure REIT's earnings are expected to grow by 7.8% yearly, however this is not considered high growth (20% yearly).
  • Charter Hall Social Infrastructure REIT's revenue is expected to grow by 8.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:CQE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Charter Hall Social Infrastructure REIT Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CQE Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 0.28 0.28 0.28 1.00
2021-06-30 0.28 0.29 0.27 2.00
2020-06-30 0.27 0.27 0.26 2.00
2019-11-18
ASX:CQE Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.26
2019-03-31 0.30
2018-12-31 0.35
2018-09-30 0.38
2018-06-30 0.40
2018-03-31 0.42
2017-12-31 0.43
2017-09-30 0.46
2017-06-30 0.49
2017-03-31 0.48
2016-12-31 0.47
2016-09-30 0.45

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Charter Hall Social Infrastructure REIT is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Charter Hall Social Infrastructure REIT's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Charter Hall Social Infrastructure REIT has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Charter Hall Social Infrastructure REIT performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Charter Hall Social Infrastructure REIT's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Charter Hall Social Infrastructure REIT's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Charter Hall Social Infrastructure REIT's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Charter Hall Social Infrastructure REIT's 1-year earnings growth is negative, it can't be compared to the AU REITs industry average.
Earnings and Revenue History
Charter Hall Social Infrastructure REIT's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Charter Hall Social Infrastructure REIT Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CQE Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 75.50 68.70
2019-03-31 77.29 79.31
2018-12-31 79.08 89.95
2018-09-30 77.99 96.54
2018-06-30 76.90 103.10
2018-03-31 73.67 105.39
2017-12-31 70.45 107.68
2017-09-30 70.23 114.57
2017-06-30 70.01 121.45
2017-03-31 69.40 118.95
2016-12-31 68.79 116.45
2016-09-30 66.37 111.61
2016-06-30 63.95 106.77
2016-03-31 63.82 101.28
2015-12-31 63.69 95.79
2015-09-30 60.76 92.19
2015-06-30 57.84 88.58
2015-03-31 53.25 86.64
2014-12-31 48.66 84.69
2014-09-30 46.83 69.24
2014-06-30 45.01 53.79
2014-03-31 43.43 49.97
2013-12-31 41.86 46.15
2013-09-30 41.41 42.94
2013-06-30 40.96 39.73
2013-03-31 40.65 33.02
2012-12-31 40.35 26.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Charter Hall Social Infrastructure REIT has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Charter Hall Social Infrastructure REIT used its assets more efficiently than the AU REITs industry average last year based on Return on Assets.
  • Charter Hall Social Infrastructure REIT's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Charter Hall Social Infrastructure REIT's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Charter Hall Social Infrastructure REIT has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Charter Hall Social Infrastructure REIT's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Charter Hall Social Infrastructure REIT's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Charter Hall Social Infrastructure REIT's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Charter Hall Social Infrastructure REIT's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Charter Hall Social Infrastructure REIT's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Charter Hall Social Infrastructure REIT Company Filings, last reported 4 months ago.

ASX:CQE Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 890.20 276.90 8.90
2019-03-31 890.20 276.90 8.90
2018-12-31 739.74 327.32 0.06
2018-09-30 739.74 327.32 0.06
2018-06-30 710.70 302.30 2.30
2018-03-31 710.70 302.30 2.30
2017-12-31 680.24 257.78 1.21
2017-09-30 680.24 257.78 1.21
2017-06-30 628.81 252.04 2.43
2017-03-31 628.81 252.04 2.43
2016-12-31 585.21 229.94 0.30
2016-09-30 585.21 229.94 0.30
2016-06-30 531.80 205.93 0.79
2016-03-31 531.80 205.93 0.79
2015-12-31 493.81 200.85 1.12
2015-09-30 493.81 200.85 1.12
2015-06-30 445.03 197.55 0.97
2015-03-31 445.03 197.55 0.97
2014-12-31 347.59 160.58 0.36
2014-09-30 347.59 160.58 0.36
2014-06-30 306.71 148.84 1.83
2014-03-31 306.71 148.84 1.83
2013-12-31 286.58 133.57 4.82
2013-09-30 286.58 133.57 4.82
2013-06-30 233.51 127.52 0.19
2013-03-31 233.51 127.52 0.19
2012-12-31 218.71 137.26 7.50
  • Charter Hall Social Infrastructure REIT's level of debt (31.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (48.5% vs 31.1% today).
  • Debt is not well covered by operating cash flow (12%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.1x coverage).
X
Financial health checks
We assess Charter Hall Social Infrastructure REIT's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Charter Hall Social Infrastructure REIT has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Charter Hall Social Infrastructure REIT's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.69%
Current annual income from Charter Hall Social Infrastructure REIT dividends. Estimated to be 4.87% next year.
If you bought A$2,000 of Charter Hall Social Infrastructure REIT shares you are expected to receive A$94 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Charter Hall Social Infrastructure REIT's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.37%).
  • Charter Hall Social Infrastructure REIT's dividend is below the markets top 25% of dividend payers in Australia (5.56%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:CQE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Australia REITs Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 4.4%
Australia Market Average Dividend Yield Market Cap Weighted Average of 390 Stocks 4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:CQE Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.18 3.00
2021-06-30 0.17 5.00
2020-06-30 0.17 5.00
2019-11-18
ASX:CQE Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-09-20 0.167 4.561
2019-06-20 0.160 4.292
2019-03-25 0.160 4.414
2018-12-17 0.160 5.017
2018-09-20 0.160 5.605
2018-06-20 0.151 5.526
2018-03-22 0.151 5.501
2017-12-18 0.151 5.464
2017-09-22 0.151 5.353
2017-06-22 0.142 5.233
2017-03-21 0.142 5.038
2016-12-08 0.142 5.544
2016-09-23 0.142 5.674
2016-06-22 0.134 4.876
2016-03-22 0.134 5.369
2015-12-17 0.134 6.062
2015-09-21 0.134 6.291
2015-06-18 0.129 5.993
2015-03-18 0.129 5.917
2015-02-16 0.128 5.846
2014-12-19 0.127 6.358
2014-08-06 0.127 6.677
2014-06-18 0.120 6.974
2014-03-19 0.120 7.074
2013-08-07 0.120 7.739
2013-06-19 0.107 7.372
2012-08-15 0.097 7.431
2012-03-21 0.100 9.759
2012-02-08 0.100 10.276
2011-08-08 0.090 10.135
2011-06-21 0.088 10.574
2011-03-21 0.086 10.557
2011-02-18 0.086 10.191
2011-02-17 0.086 10.178
2010-08-27 0.000 0.000
2010-08-26 0.007 1.016
2010-07-15 0.000 0.000
2010-02-25 0.000 0.000
2009-08-31 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Charter Hall Social Infrastructure REIT has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Charter Hall Social Infrastructure REIT only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Charter Hall Social Infrastructure REIT's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Charter Hall Social Infrastructure REIT's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Charter Hall Social Infrastructure REIT afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Charter Hall Social Infrastructure REIT has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Charter Hall Social Infrastructure REIT's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Charter Hall Social Infrastructure REIT has no CEO, or we have no data on them.
Management Team

Nick Anagnostou

TITLE
Head of Social Infrastructure Funds & Executive Director of Charter Hall Social Infrastructure Ltd
COMPENSATION
A$127K
AGE
50
TENURE
1.8 yrs

Sean Thomas McMahon

TITLE
Chief Investment Officer & Executive Director of Charter Hall Social Infrastructure Limited

Philip Cheetham

TITLE
Head of Listed Investor Relations

Travis Butcher

TITLE
General Manager of Finance - Diversified
Board of Directors Tenure

Average tenure and age of the Charter Hall Social Infrastructure REIT board of directors in years:

11.3
Average Tenure
69.5
Average Age
  • The average tenure for the Charter Hall Social Infrastructure REIT board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Grant Hodgetts

TITLE
Non-Executive Chairman of Charter Hall Social Infrastructure Limited
AGE
62
TENURE
4.2 yrs

Nick Anagnostou

TITLE
Head of Social Infrastructure Funds & Executive Director of Charter Hall Social Infrastructure Ltd
COMPENSATION
A$127K
AGE
50
TENURE
11.3 yrs

Sean Thomas McMahon

TITLE
Chief Investment Officer & Executive Director of Charter Hall Social Infrastructure Limited
TENURE
0.9 yrs

Michael Johnstone

TITLE
Independent Non-Executive Director of Charter Hall Social Infrastructure Limited
COMPENSATION
A$32K
AGE
77
TENURE
14.9 yrs

Vic Cottren

TITLE
Independent Non-Executive Director of Charter Hall Social Infrastructure Limited
COMPENSATION
A$9K
AGE
77
TENURE
14.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
15. Aug 19 Sell Charter Hall Co-Investment Trust Company 14. Aug 19 14. Aug 19 -7,532,182 A$3.60 A$-27,088,734
15. Aug 19 Sell Alpha Fund Managers Pty Ltd. Company 08. Aug 19 08. Aug 19 -216,254 A$3.59 A$-776,352
15. Aug 19 Sell Charter Hall Property Securities Management Limited Company 23. Apr 19 23. Jul 19 -204,860 A$4.86 A$-995,797
15. Aug 19 Buy Charter Hall Property Securities Management Limited Company 08. Apr 19 08. Aug 19 38,617 A$3.62 A$139,717
03. Apr 19 Buy Alpha Fund Managers Pty Ltd. Company 31. Dec 18 27. Mar 19 86,254 A$3.07 A$264,530
03. Apr 19 Buy Charter Hall Property Securities Management Limited Company 01. Apr 19 01. Apr 19 133,000 A$3.35 A$445,550
03. Apr 19 Sell Charter Hall Property Securities Management Limited Company 19. Dec 18 21. Mar 19 -250,948 A$3.54 A$-812,364
03. Apr 19 Buy Charter Hall Property Securities Management Limited Company 28. Dec 18 28. Mar 19 76,310 A$3.43 A$239,926
X
Management checks
We assess Charter Hall Social Infrastructure REIT's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Charter Hall Social Infrastructure REIT has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Investing In Charter Hall Education Trust (ASX:CQE): What You Need To Know

Charter Hall Education Trust is a AU$1.2b small-cap, real estate investment trust (REIT) based in Sydney, Australia. … See our latest analysis for Charter Hall Education Trust REIT investors should be familiar with the term Fund from Operations (FFO) – a REIT’s main source of cash flow from its day-to-day business activities. … Next Steps: As a REIT, Charter Hall Education Trust offers some unique characteristics which could help diversify your portfolio.

Simply Wall St -

What Should Investors Know About Charter Hall Education Trust's (ASX:CQE) Long Term Outlook?

Today I want to provide a brief commentary on how market analysts view Charter Hall Education Trust's earnings growth trajectory over the next few years and whether the future looks brighter. … View our latest analysis for Charter Hall Education Trust Market analysts' consensus outlook for the coming year seems optimistic, with earnings growing by a robust 18%. … This means that, we can expect Charter Hall Education Trust will grow its earnings by 7.8% every year for the next couple of years.

Simply Wall St -

The Charter Hall Education Trust (ASX:CQE) Share Price Is Up 120% And Shareholders Are Boasting About It

For example, the Charter Hall Education Trust (ASX:CQE) share price has soared 120% in the last half decade. … Over half a decade, Charter Hall Education Trust managed to grow its earnings per share at 6.3% a year. … We note that for Charter Hall Education Trust the TSR over the last 5 years was 190%, which is better than the share price return mentioned above.

Simply Wall St -

Is Charter Hall Education Trust's (ASX:CQE) 12% ROE Strong Compared To Its Industry?

Check out our latest analysis for Charter Hall Education Trust How Do I Calculate Return On Equity? … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Charter Hall Education Trust: 12% = AU$90m ÷ AU$740m (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Charter Hall Education Trust's Debt And Its 12% ROE Charter Hall Education Trust has a debt to equity ratio of 0.44, which is far from excessive.

Simply Wall St -

Investing In Charter Hall Education Trust (ASX:CQE): What You Need To Know

Charter Hall Education Trust is a AU$1.1b small-cap, real estate investment trust (REIT) based in Sydney, Australia. … Check out our latest analysis for Charter Hall Education Trust Funds from Operations (FFO) is a higher quality measure of CQE's earnings compared to net income. … Charter Hall Education Trust can bring about diversification for your portfolio, but before you decide to invest, take a look at the other aspects you must consider before investing: Future Outlook: What are well-informed industry analysts predicting for CQE’s future growth?

Simply Wall St -

Here's How We Evaluate Charter Hall Education Trust's (ASX:CQE) Dividend

Dividend paying stocks like Charter Hall Education Trust (ASX:CQE) tend to be popular with investors, and for good reason - some research shows that a significant amount of all stock market returns come from reinvested dividends. … Unfortunately, one common occurrence with dividend companies is for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. … In this case, Charter Hall Education Trust likely looks attractive to investors, given its 4.3% dividend yield and a payment history of over ten years.

Simply Wall St -

Could The Charter Hall Education Trust (ASX:CQE) Ownership Structure Tell Us Something Useful?

A look at the shareholders of Charter Hall Education Trust (ASX:CQE) can tell us which group is most powerful. … Charter Hall Education Trust is not a large company by global standards. … See our latest analysis for Charter Hall Education Trust

Simply Wall St -

Announcing: Charter Hall Education Trust (ASX:CQE) Stock Increased An Energizing 109% In The Last Five Years

Long term Charter Hall Education Trust (ASX:CQE) shareholders would be well aware of this, since the stock is up 109% in five years. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During five years of share price growth, Charter Hall Education Trust achieved compound earnings per share (EPS) growth of 6.3% per year.

Simply Wall St -

Charter Hall Education Trust (ASX:CQE): The Yield That Matters The Most

Charter Hall Education Trust (ASX:CQE) shareholders, and potential investors, need to understand how much cash the business makes from its core operational activities, as well as how much is invested back into the business. … Today we will examine Charter Hall Education Trust’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … Free cash flow (FCF) is the amount of cash Charter Hall Education Trust has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations.

Simply Wall St -

How To Look At Charter Hall Education Trust (ASX:CQE)

Charter Hall Education Trust is a AU$793m. … real estate investment trust (REIT) based in Sydney, Australia. … View our latest analysis for Charter Hall Education Trust.

Simply Wall St -

Company Info

Description

Charter Hall Education Trust (ASX:CQE), is an ASX listed Real Estate Investment Trust (A-REIT) that is the largest Australian property trust investing in social infrastructure properties within Australian and New Zealand. Charter Hall Education Trust is managed by Charter Hall Group (ASX:CHC). With over 28 years’ experience in property investment and funds management, we’re one of Australia’s leading fully integrated property groups. We use our property expertise to access, deploy, manage and invest equity across our core sectors – office, retail, industrial and social infrastructure. Operating with prudence, we’ve carefully curated a $30.2 billion diverse portfolio of over 820 high quality, long leased properties. Partnership and financial discipline are at the heart of our approach. Acting in the best interest of customers and communities, we combine insight and inventiveness to unlock hidden value. Taking a long term view, our $7 billion development pipeline delivers sustainable, technologically enabled projects for our customers. The impacts of what we do are far-reaching. From helping businesses succeed by supporting their evolving workplace needs, to providing investors with superior returns for a better retirement, we’re powered by the drive to go further.

Details
Name: Charter Hall Social Infrastructure REIT
CQE
Exchange: ASX
Founded: 2002
A$1,059,524,889
301,858,943
Website: http://www.charterhall.com.au
Address: Charter Hall Social Infrastructure REIT
No. 1 Martin Place,
Level 20,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX CQE Ordinary Units Australian Securities Exchange AU AUD 22. May 2003
OTCPK FKKE.F Ordinary Units Pink Sheets LLC US USD 22. May 2003
CHIA CQE Ordinary Units Chi-X Australia AU AUD 22. May 2003
Number of employees
Current staff
Staff numbers
0
Charter Hall Social Infrastructure REIT employees.
Industry
Specialized REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 10:32
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/10/11
Last earnings filing: 2019/08/06
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.