Charter Hall Retail declares half-year distribution

By a staff reporter

Charter Hall Retail Management, an entity of Charter Hall Retial REIT Ltd, has declared a distribution of 13.5 cents for the first half, ended June 30.

In a statement to the Australian Securities Exchange, the group's full-year distribution of 26.8 cents per unit for represented a 2.7 per cent increase on the previous financial year.

The date of record for Charter Hall Retail shareholders is June 28, with payment expected on or around August 21.

"The increased distribution reflects the continuing strong performance of the REIT's resilient non-discretionary Australian portfolio,"Scott Dundas, fund manager of Charter Hall Retail REIT said.