Charter Hall’s childcare rent test: G8 suspensions put managed REIT in focus
Charter Hall Social Infrastructure REIT said G8 Education will suspend operations at five childcare centers it leases, affecting about 1% of the trust’s income. G8 will continue to meet lease payments while reviewing its business. CQE reported a 7.1% average rent increase from 33 market reviews and contracted five asset sales at a premium. G8’s spot occupancy fell to 56.4% as of April 24.