Earnings season continues to unfold, and Australian investors are keeping a close watch on companies releasing their financial results. Among the notable performers on Friday were two ASX 300 real estate investment trusts (REITs) that delivered impressive numbers, fueling investor confidence.

Here’s a closer look at their latest performance and what lies ahead.

Charter Hall Retail REIT (ASX: CQR)

Charter Hall Retail REIT, a leading owner of convenience retail properties, saw its share price climb 3.5% to $3.40 in morning trading. The surge followed the release of a solid first-half financial report, which highlighted stable income growth and strong occupancy rates.

Key financial highlights from the results include:

Charter Hall Retail’s CEO, Ben Ellis, expressed confidence in the company’s ability to maintain growth, citing a strategic blend of shopping centre and net lease assets that provide a stable income profile. He emphasized the company’s active approach to acquisitions and divestments to maximize long-term income growth.

Looking ahead, the REIT reaffirmed its FY 2025 operating earnings guidance of approximately 25.4 cents per share, with distributions expected to remain in line with last year’s 24.7 cents per share.

HealthCo Healthcare and Wellness REIT (ASX: HCW)

HealthCo Healthcare and Wellness REIT, which focuses on health and wellness property assets, also reported a strong half-year performance, leading to a nearly 2% increase in its share price to 99.75 cents.

Key takeaways from its financial report include:

Investors had been closely watching HealthCo’s response to market speculation regarding its major tenant, Healthscope. The company reassured stakeholders that it has ruled out further rental support for Healthscope and is prepared to secure alternative tenants if necessary.

Despite these challenges, HealthCo reaffirmed its FY 2025 guidance of 8.4 cents FFO per unit and 8.4 cents distributions per share, contingent on continued portfolio performance and Healthscope’s lease obligations.

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