Morgan Stanley highlights Charter Hall Retail REIT owns the only Retail portfolio this reporting season (so far) in which occupancy costs improved. 

Specialty occupancy costs were 11.3%, down -0.1% and leasing spreads were positive at 1.2%.

EPS of 13.52cpu was in line with the broker's forecast, and management reiterated FY24 guidance of 27.4cpu.

Target $3.55. Equal-weight. Industry view: In-Line. 

Sector: Real Estate.

Target price is $3.55.Current Price is $3.69. Difference: ($0.14) - (brackets indicate current price is over target). If CQR meets the Morgan Stanley target it will return approximately -4% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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