Charter Hall swings to full-year profit, guides 10% rise in FY26 earnings
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The news: Property group Charter Hall swung to a statutory net profit in the 2025 financial year as earnings per share topped guidance.
The numbers: The company reported a full-year profit after tax of $327.7 million, having posted a $217 million loss last year.
Group funds under management (FUM) grew $3.4 billion to $84.3 billion. Property FUM was up $1.3 billion to $66.8 billion.
Post-tax operating earnings rose 7.3% year on year to 81.4 cents per share, beating guidance of 79 cents per share. Distribution per share was up 6% to 47.8 cents.
The group has guided a 10% lift in earnings per share to 90 cents in FY26, and a 6% uplift in distribution per share to 50.7 cents.
The context: Charter Hall managing director and group CEO David Harrison said FY25 was an "inflection year" for the company, with stabilising asset values, falling interest rates and accelerating demand from each of its equity flow segments.
The group completed the $1.3 billion takeover of pub owner Hotel Property Investments during the year, alongside super fund Hostplus. The company also saw its wholesale pooled fund CPIF secure $1.3 billion in gross equity inflows.
The source: ASX
