Risk of 'Punitive Devaluation' of Charter Hall's Offices in 4Q -- Market Talk

Dow Jones04-29

2324 GMT - Charter Hall has been rather light in revaluing its assets relative to peers, and that could bite it in the June quarter, according to Morgan Stanley. Its Charter Hall Prime Office Fund only revalued some 34% of its assets in March, says MS, citing data from MSCI/Mercer. That compares to 95-100% of wholesale office funds managed by peers. "This manifested in devaluation (net capital return) of -0.5% at CPOF, versus average of -5% across other unlisted wholesale office funds," analyst Simon Chan says in a note. "As such, there is a chance that Charter Hall will endure more punitive devaluation in the June quarter." Elsewhere, Charter Hall Prime Industrial Fund has revalued only 50% of assets.(david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

April 28, 2024 19:24 ET (23:24 GMT)

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Its Charter Hall Prime Office Fund ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2431201467","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2431201467","pubTimestamp":1714346640,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2324 GMT - Charter Hall has been rather light in revaluing its assets relative to peers, and that could bite it in the June quarter, according to Morgan Stanley. Its Charter Hall Prime Office Fund only revalued some 34% of its assets in March, says MS, citing data from MSCI/Mercer. That compares to 95-100% of wholesale office funds managed by peers. \"This manifested in devaluation  of -0.5% at CPOF, versus average of -5% across other unlisted wholesale office funds,\" analyst Simon Chan says in a note. \"As such, there is a chance that Charter Hall will endure more punitive devaluation in the June quarter.\" Elsewhere, Charter Hall Prime Industrial Fund has revalued only 50% of assets.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","CHC.AU":"CHARTER HALL GROUP","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","BK4100":"有线和卫星","LU0106831901.USD":"贝莱德世界金融基金A2","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","BK4559":"巴菲特持仓","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","BK4588":"碎股","CHTR":"特许通讯","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0971096721.USD":"富达环球金融服务 A","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","BK7087":"多样化房地产投资信托v","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","BK4581":"高盛持仓","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4504":"桥水持仓","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4127":"投资银行业与经纪业","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H"},"translate_title":"4Q查特霍尔办公室“惩罚性贬值”的风险——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CHTR":1,"CHC.AU":0.9},"content_text":"2324 GMT - Charter Hall has been rather light in revaluing its assets relative to peers, and that could bite it in the June quarter, according to Morgan Stanley. Its Charter Hall Prime Office Fund only revalued some 34% of its assets in March, says MS, citing data from MSCI/Mercer. That compares to 95-100% of wholesale office funds managed by peers. \"This manifested in devaluation (net capital return) of -0.5% at CPOF, versus average of -5% across other unlisted wholesale office funds,\" analyst Simon Chan says in a note. \"As such, there is a chance that Charter Hall will endure more punitive devaluation in the June quarter.\" Elsewhere, Charter Hall Prime Industrial Fund has revalued only 50% of assets.(david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 28, 2024 19:24 ET (23:24 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2431201467"}