Charter Hall Group (CHC) H1 2026 earnings summary

Executive summary

• Operating earnings for H1 FY26 reached AUD 239 million, up 21.6% year-over-year, with EPS up 22.9% to 50.5 cents per security and DPS up 6% to 24.8 cents.

• Statutory profit after tax was AUD 272.8 million, reflecting a shift from devaluations to revaluations in the real estate cycle.

• Funds under management (FUM) rose to AUD 92.2 billion, with property FUM at AUD 73.6 billion and investment capacity of AUD 7.8 billion.

• Record gross equity inflows of AUD 4.8 billion in H1, the highest semi-annual level in three decades.

• Net tangible assets per security increased to AUD 5.54.

Financial highlights

• Operating earnings after tax for H1 FY26 were AUD 238.8 million, up 21.6% year-over-year.

• Statutory profit after tax was AUD 272.8 million, with fair value gains of AUD 172.3 million.

• Operating EPS increased 21.6% to 50.5 cents per security; DPS grew 6% to 24.8 cents.

• NTA per security rose to AUD 5.54; balance sheet gearing remains low at 7.7%.

• Gross transactions totaled AUD 9.8 billion for the half.

Outlook and guidance

• FY26 post-tax operating earnings per security guidance upgraded to AUD 1.00, representing 22.9%–23% growth over FY25.

• DPS guidance for FY26 is 6% growth, continuing a 15-year record of annualized DPS growth.

• Guidance excludes performance fees and assumes no material change in current market conditions.