Charter Hall

Okay.

Our next stock is Charter Hall, $76 billion portfolio of property across office, retail, industrial.

In that REIT space, tend to be a bit sensitive to rates, buy, hold or a sell.

So it's a buy for us.

It's got a decent yield, kind of around 3.6%, I think it is, gross yield with some franking there.

So yeah, overall, we think it's good despite being in a poor cycle.

Yeah, Charter Hall's got a funds management business in there as well, a 15 year unbroken dividend streak, buy hold or a sell?

It's a hold for us.

I've spent a lot of time on it because it's the first one.

Okay, so let's go to another one on the list that is garnering a lot of attention, often referred to as a quality company, and that is Charter Hall.

Okay, so Charter Hall is...

CHC is the ticker code.

I love when I can tell Howard something that he doesn't know off the top of his head.

No, it's not one I look at often.

So here is Charter Hall.

Now, assuming you decided you like Charter Hall and you wanted to own it in your portfolio, let's run through those three things again quicker this time.

And if you look at Greenbank Road, if I knew about this technology at Greenbank Road, I would have saved my client a couple of million dollars on building that huge detention pond or lake that the water can drain into where we turned a two hectare developable area.

into an into essentially 11 hectares in the end of being was nine and then we got 11 in the end so we picked up essentially nine hectares for them but it cost us two million dollars extra because we had to build a big lake where we had to you know build a berm on one side and we had to channel that lake all the way out to a discharge point on the road if i would have had this technology two years ago i would have put underground attention ponds there and this is right next to the charter hall site uh flagstone logistics park

i mean how do we go with the town planning process if if i like i'm working on a site now i'm about to i'm responding to an information request and it's about the storm water and a detention basin can i go like is it too difficult to amend the da later once it's approved and say oh we're not going to do hard standing we're going to use this permeable oh no

they love it they love it it's good you're like an ascon or a Generally an engineer for the council.

I think it's the greatest thing I've ever seen in my life.

Is

this Charter Hall?

Charter Hall one.

And I think, you know, looking back at that, one of the biggest reasons for that was having a great mentor who saw potential in me and also invested the time in developing me.

And then so from there I actually went to Charter Hall in Industrial.

Mm-hmm.

So a bit of a pivot?

But they gave me the role, and I guess that says something for being prepared going into interviews.

But it changed the course of my career.

So I spent over 10 years with Charter Hall, leading their Queensland industrial platform from around sort of 400 mil to over 4 billion and building a fantastic team along the way.

And today I'm head of asset management for Centennial, which has given me another great opportunity to help build another growing platform.

We did see rates ease a smidge, 5.34. We had Goodman Group up 3.2%.

We had, uh, Charter Hall, a few brokers warming to that one, 3.3% higher.

But it was, as I said earlier, the industrials that were really doing well, uh, those with interest rate exposure, uh, the likes of retail.

We had JB Hi-Fi up 2.1. Lovisa, which had a, a bit of a nasty day yesterday on some management changes, uh, was up 5% today.

All right, well, having a look at how the REITs performed today and amid that data center thematic, Goodman Group actually did well.

Charter Hall was down by around 2%.

Also taking a close eye in terms of what we saw with Mass Group, I mentioned how much it plummeted on the exposure that it has to Firmus.

And we also had weakness coming through in the miners today.

Goodman Group coming off.

Charter Hall, though, in the green.

Let's get across the top stories then.

QBA Insurance, Macquarie's upgraded it to outperform from mutual and raise its price target to $26.20, citing valuation and continued international growth.

So I think that putting a lot of pressure for the real estate sectors.

The companies like Stockland dropping about 3.6% and Charter Hall dropping about 4%.

So it's actually quite cautious for the investor for both sectors.

Okay.

Domino's Pizza was the top consumer stock.

Charter Hall, another strong property REIT.

Goldmine and Northern Star continued to lift on that takeover speculation.

And Property Classified's business REA up 5.85%.