As at 30 June 2021.
As at 30 June 2021.
% of Total Property Assets
Passing Yield (%)
Total - Childcare1
Mater Headquarters & Training Facilites
Brisbane Bus Terminal2
Development - SA Emergency Centre
Developments - Childcare
|Arena REIT (ASX:ARF) Unit4||-||43.4||2.8||4.4|
1. Includes 33 leasehold properties with a value of $31.4 million with passing yield of 13.9%
2. Equity value of CQE 50% interest in Brisbane Bus Terminal is $35.4 million, net of asset level debt of $25.6 million and other liabilities of $0.1 million
3. CQE receives a coupon of 5% on accumulated development costs until completion
4. CQE holds 3.5% interest in Arena REIT. Passing Yield based on FY22 distribution guidance of 15.8 cpu
Tenants by Annual Rent
Goodstart Early Learning Limited (“Goodstart”) – representing 45% of the Trust’s investment property portfolio by income was formed in 2009 when it acquired the ABC Learning business. Goodstart is a not-for-profit organisation.
Only About Children
Only About Children (“OAC”) representing 10% of the Trust’s investment portfolio by income is a premium private operator throughout NSW and VIC.
G8 Education is the largest ASX listed childcare operator in Australia, representing 9% of the Trust’s investment portfolio. G8 was founded in 2006 and was listed on the ASX in December 2007.
Best Start Educare
BestStart Educare Limited (“BestStart”) – representing 3% of the Trust’s investment property portfolio by income is the largest provider of childcare in New Zealand. BestStart is a not-for-profit organisation with over 250 centres operating under different brands.
The Avenues Group of Centres is family owned and operated since 2003 with 15 centres under their control representing 5% pf the Trust’s investment portfolio by income. The Avenues Group is committed to providing inclusive environments for children and families.
Beyond our larger tenants, CQE have a further portfolio of tenants who occupy a varying numbers of assets. These tenants are a combination of the Brisbane City Council, listed childcare operators and small single centre operators located in city, suburban and regional areas.
This information has been prepared by Charter Hall Group (Charter Hall Limited) (ABN 57 113 531 150) and Charter Hall Social Infrastructure Limited (ABN 46 111338937; AFSL 281544) as the responsible entity for Charter Hall Property Trust (ARSN 113 339 147) (together, the Charter Hall Group or the Group). It is a summary and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. A reader should, before making any decisions in relation to their investment or potential investment in the Charter Hall Group, seek their own professional advice. This document is not an offer or invitation for subscription or purchase of securities or other financial products. Indications of, and guidance on, future earnings and financial position and performance are “forward-looking statements”. Due care and attention has been used in the preparation of any forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Group, that may cause actual results to differ materially from those expressed or implied in such statements. There can be no assurance that actual outcomes will not differ materially from these statements. Except as required by law, the Group does not undertake any obligation to publicly update or review any forward – looking statements, whether as a result of new information or future events. This material has been made available to the recipient for information purposes only. It is not intended to be, and does not constitute a Product Disclosure Statement (PDS), prospectus, short form prospectus or profile statement as those terms are defined in the Corporations Act. It does not constitute an offer for the issue, sale or purchase of any securities, or any recommendation in relation to investing in any asset. This document has been prepared without taking account of any particular investor’s objectives, financial situation or needs. Entities within the Charter Hall Group may receive fees for managing the assets of, and providing resources to each Fund. For more detail on fees, see the relevant PDS.