Charter Hall reports first-half earnings surge, upgrades FY guidance
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The news: Property investor Charter Hall reported a 186% surge in first-half statutory profit to $272.8 million after delivering the highest level of half-year gross equity inflows into its funds management business in three decades.
The numbers: Operating earnings of $238.8 million were up 21.6% year on year. The company declared a distribution per share of 24.8 cents, up 6% on the prior year.
Group funds under management (FUM) increased to $92.2 billion, with $4.8 billion of gross equity inflows and $9.8 billion of gross transactions.
Charter Hall upgraded its FY26 earnings guidance to $1 per share, representing 22.9% growth over FY25. Distributions per share guidance is for 6% growth year on year.
What they said: Charter Hall CEO David Harrison said a “landscape of ongoing uncertainty and volatility” in global capital markets is contributing to increased institutional demand for the “relative stability” of Australian property.
“As we look to the remainder of FY26, we see substantial opportunities to deploy capital, supported by $7.8 billion in investment capacity across the group, including $1 billion available on-balance sheet,” said Harrison.
“Supply remains constrained across every sector and market, while a growing economy and population continues to drive tenant demand.”
The source: ASX
