Strong bottom line:Charter Hall Retail REIT (ASX: CQR) reported a statutory profit rise of 39.1% year on year (yoy) to $251.3 million, while operating earnings reached $123.3 million for fiscal year of 2017. The group reported a distribution of 28.1 cents per unit, while net tangible assets (NTA) rising 9.0% from June 2016 to $4.13 per unit. The group bought three properties for $282.6 million at a yield of 6.0% while divested eight properties for $157.2 million at an average yield of 6.5%. They finished $63 million redevelopment of Secret Harbor Shopping Centre WA while the portfolio value enhanced 8.4% yoy to $2.8 billion. Their occupancy remained strong at 98.0% while portfolio has long weighted average anchor lease duration of 10.4 years and Portfolio WALE of 6.8 years. However, the stock has fallen about 10% in last three months (as at August 28, 2017) owing to volatility.

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