Charter Hall Retail REIT (ASX: CQR) shares have fallen more than 4.5% this morning as the shares traded ex-dividend. Is there a buying opportunity?
About Charter Hall
Charter Hall Group Ltd (ASX: CHC) is one of Australia’s leading property groups, with more than $28.4 billion of leased property in the office, retail, industrial and social infrastructure sectors. The Retail REIT is one of the many listed real estate investment trusts the company operates.
Ex-Dividend
When shares trade ex-dividend, it means that investors who buy today will not be eligible to receive the next dividend. It’s common for shares to fall on the date that they trade ex-dividend, normally by a similar amount to the dividend being paid. You can read more about dividends here or watch the video below.
Charter Hall Retail REIT shares have fallen today for this reason, and so have the share prices of Stockland Corporation Ltd (ASX: SGP), Cromwell Property Group (ASX: CMW), GPT Group (ASX: GPT) and Vicinity Centres (ASX: VCX).
In fact, there are a whole host of REITs trading ex-dividend today, which could explain why the REIT sector was trading as much as 2.5% lower this morning.
Is This A Buying Opportunity?
A lot of the REITs mentioned above are offering dividend yields above 6%, which is better than what you could get from most of the big bank shares right now.
It’s important to note though that these REITs offer unfranked dividends, which may not be ideal depending on your tax circumstances.
If you want to read more about REITs and whether they could make good dividend investments, check out the articles below:
- Are Stockland (SGP) Shares a Buy for Dividend Income?
- Is the Australian Property Market Turning Around?
- Is Dexus (ASX: DXS) A Buy For Its Huge Property Purchase?
For other dividend investment ideas, have a look at the companies in the free report below.
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Disclosure: At the time of writing, Max does not own shares in any of the companies mentioned.
