Charter Hall Retail REIT (CQR) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Charter Hall Retail REIT stock A$2.33, price A$3.86, that is 39.6% below the price, quality 65 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range A$2.44 – A$4.16 · fair‑value band A$1.75 – A$3.62 · the A$3.86 price screens above the A$2.33 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Charter Hall Retail REIT is the leading owner of property for convenience retailers. Charter Hall Retail REIT is managed by Charter Hall Group. Charter Hall is one of Australia's leading fully integrated property investment and funds management groups.
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We use our expertise to access, deploy, manage and invest equity to create value and generate superior returns for our investor customers. We've curated a diverse portfolio of high-quality properties across our core sectors " Office, Industrial & Logistics, Retail and Social Infrastructure.
With partnerships and financial discipline at the heart of our approach, we create and invest in places that support our customers, people and communities to grow. Charter Hall Retail REIT was established on July 21, 1995 and incorporated in Australia.
Stock analysis
Charter Hall Retail REIT (CQR) currently trades at A$3.86, while our model-based Fair Value estimate is A$2.33, 40% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of A$5.42 per share, and 3 of the 14 models we run sit above the A$3.86 price.
Bear case: the DCF Models group reads lowest at A$2.20, and 11 of the 14 models stay below the price. Data coverage for this calculation is high.
Scenario range: A$1.75 (bear) to A$3.62 (bull), the price of A$3.86 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Charter Hall Retail REIT reported revenue of A$208M in FY2026 versus A$201M in FY2022, a compound +0.9%/yr. Reported net income was A$389M in FY2026, compounding −12.5%/yr from FY2022.
Key figures
Market cap A$2.2B (≈ $1.5B) Small · P/E ratio 5.8 · P/S ratio 5.37 · EPS (TTM) A$0.6700 · Dividend yield 6.6% · Net margin 93.2% · Return on equity 13.9% · Return on assets (EBIT) 2.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 64 out of 100 (medium confidence).
What moves the price
The share trades about 7% below its 52-week high and 16% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −30% fair-value upside, at −40%, CQR screens richer than that median.
Fair Value models
BearA$1.75Fair Value A$2.33BullA$3.62
Price A$3.86 · Downside -39.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 4 months old). Earnings retained since then (A$0.1501 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+6.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.7%
Start year 2021 (pandemic). Over 10 years: −0.2% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.2%
’15
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
≈ +10.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.8%
Dividend (yield on the price)6.6%
Per share before 1997divided by the spin-off factor 1.0332
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5.6% vs 3.9%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.58% → 66%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Revenue per share shrinking 3.6%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Rate on operating basis: 2026 sits 930% above its own trend.
Growth Forecast
Price in line with expectations
The price assumes more growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+8.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+10.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about +5.2% a year for the price and +7.6% for the forecasts.
Compare Charter Hall Retail REIT with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Retail · 86 stocks
Beats the industry median on 13/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−39.6% · Bottom 25%
Profitability
Return on equity (12 months)13.9% · Top 25%
Return on assets8.5% · Top 25%
Net margin (12 months)93.2% · Top 25%
Operating margin (12 months)63.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)15.7% · Top 25%
Dividend yield (12 months)6.6% · Above median
Balance sheet
Debt / equity0.48× · Below median
Valuation Multiplesvs REIT - Retail median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Charter Hall Retail REIT Fair Value". https://www.fairvalue-calculator.com/stock/CQR
Frequently asked questions
Is Charter Hall Retail REIT (CQR) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of A$2.33 versus a price of A$3.86, about 40% lower (overvalued).
What is the fair value of CQR?
Our model-based fair value for Charter Hall Retail REIT is A$2.33 (as of Nov 4, 2026), built from audited fundamentals. The current price: A$3.86.
What is the quality score of CQR?
Charter Hall Retail REIT has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Charter Hall Retail REIT (CQR)?
Our model-based price target is the fair value of A$2.33 (as of Nov 4, 2026) from 15 valuation models. Cautious scenario A$1.75, optimistic scenario A$3.62. It is a calculation from audited fundamentals, not an analyst target.
What is the Charter Hall Retail REIT stock forecast for 2026?
Our models put fair value at A$2.33, about 40% lower versus a price of A$3.86 (overvalued). Cautious scenario A$1.75, optimistic scenario A$3.62. The calculation is refreshed regularly with new filings.
What is the revenue of Charter Hall Retail REIT (CQR)?
Charter Hall Retail REIT reported trailing-twelve-month revenue of about A$418M (latest available figure, as of Nov 4, 2026).
Does Charter Hall Retail REIT pay a dividend?
Charter Hall Retail REIT currently shows a dividend yield of 6.61% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Charter Hall Retail REIT (CQR) and when is the ex-dividend date?
Charter Hall Retail REIT pays a dividend of A$0.255 per share a year, a dividend yield of 6.6%. The last ex-dividend date was Sep 29, 2026. A dividend has been paid every year since at least 1996. The payout ratio is 38.1% of earnings. Free cash flow covers the dividend 1.46 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Charter Hall Retail REIT (CQR)?
For today's price to be fair in a discounted-cash-flow model, Charter Hall Retail REIT would have to grow free cash flow by +8.4 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.7 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of CQR use?
Our models discount Charter Hall Retail REIT at 10.2 %: a base by market capitalisation (small), damped by beta 0.72, country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Charter Hall Retail REIT that is +8.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has Charter Hall Retail REIT (CQR) delivered so far?
Over the past 5 years revenue at Charter Hall Retail REIT grew +1.7 % a year. The price currently implies free-cash-flow growth of +8.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Charter Hall Retail REIT (CQR) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Charter Hall Retail REIT (+8.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Charter Hall Retail REIT (CQR)?
The free-cash-flow yield on the price is 9.64 %: that much free cash flow Charter Hall Retail REIT produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Charter Hall Retail REIT (CQR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Charter Hall Retail REIT it is A$2.33 per share (as of Nov 4, 2026), against a price of A$3.86. It is the blended result of 15 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Charter Hall Retail REIT stock overvalued or undervalued in 2026?
As of Nov 4, 2026, CQR trades above its calculated fair value: price A$3.86, fair value A$2.33, a gap of about −40% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CQR?
No. The price is what the market pays today (A$3.86); the fair value is what the company's own numbers justify (A$2.33). For Charter Hall Retail REIT the two are A$1.53 per share apart. That gap is exactly why we show both numbers side by side.
How much is Charter Hall Retail REIT worth?
The market values Charter Hall Retail REIT at about A$2.2B (market capitalisation, as of Nov 4, 2026). Per share that is A$3.86; our models calculate a fair value of A$2.33 per share.
What do the bullish and bearish scenarios say about CQR?
Our models span a range for Charter Hall Retail REIT: cautious scenario A$1.75, base A$2.33, optimistic A$3.62 per share (as of Nov 4, 2026, price A$3.86). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CQR?
Charter Hall Retail REIT trades at a price-to-earnings ratio of 5.8 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$2.33 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings: 11.0. Other multiples: PEG 4.4, P/B 0.8, P/S 5.4, EV/EBITDA 7.8.
What is the PEG ratio of CQR?
The PEG ratio of Charter Hall Retail REIT is 4.38 (P/E divided by earnings growth, as of Nov 4, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Charter Hall Retail REIT (CQR)?
Balance-sheet figures for Charter Hall Retail REIT (as of Nov 4, 2026): return on equity 13.9%, debt of 0.48 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is CQR from its 52-week high?
Charter Hall Retail REIT trades at A$3.86, about 7% below its 52-week high of A$4.16 and 16% above the low of A$3.34 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of A$2.33 is for.
Which stocks are comparable to Charter Hall Retail REIT?
From the same area (Real Estate) we also value Simon Property Group, Realty Income Corporation, Kimco Realty Corporation, Unibail-Rodamco-Westfield SE, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Charter Hall Retail REIT stock attractive at the current price?
The data as of Nov 4, 2026: price A$3.86, calculated fair value A$2.33 (−40%), Quality Score 65/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CQR calculated?
We run Charter Hall Retail REIT through 15 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of A$2.33 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Charter Hall Retail REIT itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Charter Hall Retail REIT (CQR)?
The closing price on Nov 9, 2026 was A$3.86. Our model-based fair value is A$2.33, about 40% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Charter Hall Retail REIT right now?
The price sits above even our optimistic bull case (A$3.62). The favourable scenario is already priced in. Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (A$1.75 to A$3.62) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Charter Hall Retail REIT (CQR) come from?
Earnings per share at Charter Hall Retail REIT grew +12.1 % a year from 2012 to 2023. Broken into its drivers: revenue per share −5.2 %, EBIT margin −0.7 %, tax rate −0.5 %, residual (interest, one-offs) +19.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Charter Hall Retail REIT
How large is the market capitalisation of Charter Hall Retail REIT (CQR)?
The market capitalisation of Charter Hall Retail REIT is A$2.2B (≈ $1.5B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Charter Hall Retail REIT (CQR)?
The price-to-sales ratio of Charter Hall Retail REIT is 5.37 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Charter Hall Retail REIT (CQR)?
Earnings per share at Charter Hall Retail REIT are A$0.6700 (price ÷ EPS = P/E 5.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Charter Hall Retail REIT (CQR)?
The dividend yield of Charter Hall Retail REIT is 6.6% (payout 38.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Charter Hall Retail REIT (CQR)?
The net margin of Charter Hall Retail REIT is 93.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Charter Hall Retail REIT (CQR)?
The return on equity (ROE) of Charter Hall Retail REIT is 13.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Charter Hall Retail REIT (CQR)?
On an EBIT basis the return on assets of Charter Hall Retail REIT is 2.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Charter Hall Retail REIT (CQR)?
The operating margin of Charter Hall Retail REIT is 63.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Charter Hall Retail REIT (CQR)?
Revenue at Charter Hall Retail REIT is growing +15.7% versus a year earlier (3y avg −0.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Charter Hall Retail REIT (CQR)?
Earnings per share at Charter Hall Retail REIT are growing +32.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Charter Hall Retail REIT (CQR) carry?
The net debt of Charter Hall Retail REIT is A$1.5B (fiscal year 2026, ≈ 7.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 4, 2026