By Digifin Pty Ltd · About this coverage
Key Points
- FY26 operating earnings $488.1m; post-tax OEPS 103.2 cents, up 26.8%
- Statutory post-tax earnings $427.9m; distribution 50.7 cents, up 6.0%
- Group FUM up $10.0b to $94.3b, of which $76.0b is property FUM
- FY27 guidance ~114.0 cents post-tax OEPS, assuming no performance fees and no material change in market conditions
- Balance sheet gearing 14.2%, with $1.0b of investment capacity
About Charter Hall (ASX:CHC)
Charter Hall Group is an ASX-listed real estate investment manager headquartered in Sydney. It raises and manages capital for listed and unlisted property funds, partnerships and mandates on behalf of institutional, wholesale and retail investors, and co-invests its own balance sheet alongside them. Most of its managed assets are Australian commercial property across the office, industrial and logistics, retail and social infrastructure sectors, and it also holds an interest in listed equities manager Paradice Investment Management.
Charter Hall Group (ASX:CHC) reported operating earnings of $488.1 million for the year ended 30 June 2026, equal to post-tax operating earnings per security (OEPS) of 103.2 cents, up 26.8%. Statutory post-tax earnings were $427.9 million and the distribution per security was 50.7 cents, up 6.0%. Group funds under management increased $10.0 billion to $94.3 billion, a figure that includes $18.3 billion of listed equities funds under management at Paradice Investment Management, with property funds under management of $76.0 billion. Property funds under management rose $9.2 billion, driven by acquisitions of $11.9 billion, capex and development investment of $1.0 billion and net property revaluation gains of $2.1 billion, alongside divestments of $5.8 billion. Gross equity inflows were $6.7 billion, comprising $2.5 billion in institutional wholesale pooled funds, $3.8 billion in institutional wholesale partnerships and mandates and $352 million in Direct funds, and gross property transactions were $17.1 billion, a figure the release states excludes a listed equities acquisition of $0.2 billion and divestment of $0.4 billion.
The Property Investment portfolio was valued at $3.2 billion at the end of the period and its EBITDA increased 17.0% over the year, which the company attributed to incremental investment into accretive opportunities, a full year contribution from FY25 investments and the active curation of circa $500 million of Property Investment portfolio assets. The Group deployed $450 million into the portfolio during FY26, after $196 million in FY25. Portfolio occupancy was 97.8%, with a weighted average lease expiry of 8.7 years, a weighted average rent review of 3.5% and a portfolio cap rate of 5.6%. Development completions totalled $1.4 billion over the 12 months to 30 June and the committed and uncommitted development pipeline stood at $20.4 billion, a $2.5 billion increase over the past six months. The Group completed $22.6 billion of new and refinanced debt facilities across 66 funds, and at 30 June 2026 balance sheet gearing was 14.2% with $1.0 billion of investment capacity retained. Based on no material change in current market conditions, Charter Hall guided to FY27 post-tax OEPS of approximately 114.0 cents, representing 10.5% growth over FY26, on an assumption that no performance fee revenue is generated in FY27, and to 6% growth in distribution per security.
Source: Charter Hall Group (ASX:CHC), 21 August 2026. Summary content supplied by Digifin Pty Ltd.
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