Charter Hall Retail (CQR) AGM 2026 summary

Opening remarks and agenda

• Meeting opened at 2:00 p.m. with a quorum; agenda covered the Chair’s and Retail CEO & Fund Manager’s addresses, questions and formal business.

• Acknowledgement of Traditional Custodians and their continued care for Country; respects paid to elders past and present.

Financial performance review

• FY26 operating earnings were 26.4 cpu, up 4.0% YoY and in line with upgraded guidance; same-property NPI grew 3.0%.

• Portfolio value reached $5.3bn, with 99.1% occupancy, tenant arrears below 0.5%, 7.1-year WALE and 15.8% 12-month levered portfolio return.

• NTA rose 8.4% to $5.03 per unit; pro forma gearing was 30.9%, debt cost 5.0%, and debt margin fell 40 bps to 125 bps after refinancing.

• Portfolio cap rate tightened 16 bps like-for-like to 5.45%; shopping center capex was $28m, while net lease assets required no FY26 capex.

Board and executive committee updates

• Kate Melrose joined as an Independent Director; Roger Davis thanked departing Independent Director Michael Gorman for a decade of board service.

• Melrose cited 30 years in property, including roles at Lendlease and 11 years at Ingenia, and emphasized risk management, commercial judgment and unitholder interests.

• Roger Davis served as Independent Chair and Ben Ellis as Retail CEO & CQR Fund Manager; David Harrison and Joanne Donovan were also listed among presenters.