Charter Hall Group (CHC) investor relations material

Executive summary

• FY 2026 operating earnings reached AUD 488.1 million, up 26.8% year-over-year, with operating earnings per security at 103.2cps and guidance for FY 2027 at 114.0cps, a further 10.5% increase.

• Group FUM grew 12% to AUD 94.3 billion, property FUM up 14% to AUD 76 billion, driven by record equity inflows of AUD 6.7 billion and strong transaction activity.

• Distribution per security increased 6% to 50.7cps, with guidance for another 6% rise in FY 2027.

• The business remains highly diversified by capital source, sector, and geography, with institutional investors accounting for nearly 80% of group FUM.

• Property Investment portfolio valued at AUD 3.2 billion, with high occupancy and diversified tenant base.

Financial highlights

• Statutory earnings after tax rose 30% to AUD 427.9 million; property investment EBITDA increased 17% to AUD 341.6 million.

• Development investment EBITDA rose to AUD 61.5 million, up 51.5% year-over-year; funds management EBITDA increased 8% to AUD 293.1 million.

• NTA per security increased to AUD 5.95, and return on contributed equity reached 26.4% post-tax.

• Gearing increased to 14.2% due to higher capital deployment, with AUD 1 billion headstock investment capacity and available cash of AUD 206 million.

• $22.6 billion of new and refinanced debt facilities executed, with $8.2 billion in sustainable finance.

Outlook and guidance

• FY 2027 post-tax operating earnings expected at 114.0cps, up 10.5%, with no performance fee revenue included in guidance.

• Distribution guidance for FY 2027 is 53.7cps, marking the 16th consecutive year of 6% DPS growth.

• Group FUM is expected to surpass AUD 100 billion in FY 2027, driven by net acquisitions, valuation growth, and development completions.

• Guidance assumes no material change in current market conditions.