Charter Hall Social Infrastructure REIT (ASX:CQE) has reported a statutory profit of $47 million for the first half of FY26, marking a 51.6% increase over the previous corresponding period.
The surge was largely driven by strategic acquisitions, most notably the securing of a 50% interest in Western Sydney University’s high-profile Parramatta campus.
While the statutory result fell short of the $54.6 million consensus forecast tracked by Visible Alpha, the REIT's operational performance told a stronger story.
Operating earnings climbed 10.2% to $31.4 million, edging past analyst expectations of $31.1 million.
Investors were rewarded with a distribution of 8.4 cents per unit, a 12% jump from H1 FY25.
Management has upgraded its full-year FY26 distribution guidance by 1.2% to 17 cents per unit.