Charter Hall (CHC) investor relations material

Executive summary

• Operating earnings for FY 2025 reached $385M, with OEPS of $0.814 per security, up 7.3% year-over-year, and FY 2026 guidance targets $0.90 per security, a 10.6% increase.

• Distributions per security grew 6% to $0.478, marking fourteen consecutive years of 6% DPS growth, with FY 2026 guidance for another 6% increase.

• Funds under management (FUM) rose to AUD 84.3B, with $3.4B growth in FY25 and a further $2.7B post balance date.

• Return on contributed equity was 20.8%, with balance sheet gearing at 6%.

• Total shareholder return averaged 15.2% per annum over 20 years, outperforming ASX 200 and A-REIT indices.

Financial highlights

• Statutory profit for FY 2025 was $327.7M, reversing a prior year loss of $217M.

• Operating earnings post-tax grew 7.3% to $0.814 per security; distributions increased 6% to $0.478 per security.

• Property Investment EBITDA grew 7.8% to $292.0M; Development Investment EBITDA rose 11.5% to $40.6M.

• Funds Management EBITDA was flat at $271.5M, with revenue down 4.2% due to lower weighted average FUM.

• NTA per security increased to $5.26.

Outlook and guidance

• FY 2026 post-tax operating earnings per security guidance is $0.90, up 10.6% from FY 2025.

• FY 2026 DPS guidance is for 6% growth, continuing the long-term trend.

• Guidance excludes any performance fee revenue.

• FY26 guidance assumes no material change in current market conditions.