Analyst Note| Alexander Prineas |
We marginally reduce our fiscal 2021 distribution forecast for no-moat Charter Hall Retail REIT following updated management guidance. We previously expected the REIT to marginally beat guidance, but management recently reiterated its previous guidance. Given we've reached fiscal year-end, we amend our estimate. Our model now incorporates a full year of distributions at AUD 23 cents per unit, down from 23.9 cents.