The Stock of the Day is Charter House Retail REIT (CQR)

Real Estate Investment Trust (REITs) have had a tough time in 2023, with many running at about a 30% discount to their asset backing and the market anticipating property sales and big devaluations impacting unit prices. But Stock of the Day, Charter Hall Retail REIT (CQR) is expecting operating earnings next financial year to be $0.28 per unit. After announcing the sale of two shopping centres for $225.5 million, in line with the valuation as of June 2023. So there was no massive devaluation in these asset sales, as has been expected by markets. Is this the bottom bell of the rate market? Our experts, Mark Moreland from TeamInvest and Jessica Amir from MooMoo, weigh in.
And neither Mark nor Jess are convinced it is. Not by retail real estate anyway, both are more optimistic about industrial property and Jess expects some negative data out from Australia in 2024 before we see the bottom of the market. Don't miss their insights, will it be a buy, hold or sell?

Stocks covered:
Integrated Research (IRI)
Incitec Pivot (IPL)
Computershare (CPU)
Webjet (WEB)
S&P/ASX 200 (XJO)
De Grey Mining (DEG)
Rio Tinto (RIO)
Universal Stores (UNI)
Commonwealth Bank (CBA)
Iress (IRE)

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