Charter Hall Group (CHC) H2 2025 earnings summary

Executive summary

• Operating earnings for FY2025 reached $385 million, with OEPS of $0.814 per security, up 7.3% year-over-year, and FY2026 guidance targets $0.90 per security, a 10.6% increase.

• Funds under management rose to $84.3 billion, with property FUM at $66.8 billion as of June 30, and further growth to $69.4 billion post-year-end.

• The group has maintained a 14-year streak of 6% DPS growth, with FY2026 guidance for another 6% increase.

• Total shareholder return since IPO has averaged 15.2% per annum, outperforming major indices.

• Return on contributed equity was 20.8%, and balance sheet gearing remained low at 6%.

Financial highlights

• Statutory profit for FY2025 was $327.7 million, reversing a prior year loss of $217 million.

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

• Group EBITDA growth was supported by cost discipline, with net operating expenses down 13% year-over-year.

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

• NTA per security increased to $5.26.

Outlook and guidance

• FY2026 guidance: post-tax operating earnings per security of $0.90 (10.6% growth), and 6% DPS growth.

• Guidance excludes any performance fee revenue.

• No material adverse change in market conditions assumed for guidance.