News and Announcements
Charter Hall Achieves 29% FUM Growth to $17.5 billion; Annual Results Presentation; Full Year Financial Report
- Published August 22, 2016 4:00PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
22nd August 2016, ASX Announcement
Charter Hall Group (ASX:CHC) (Charter Hall or the Group) today announced its full year results for the 12 months to 30 June 2016. Key financial and operational highlights for the period are:
Financial highlights:
- Statutory profit after tax of $215.2 million, up $97.3 million
- Operating earnings of $124.7 million, up 26.2%
- Operating earnings per security of 30.4 cents, up 10.5%
- Distribution per security of 26.9 cents, up 11.2%
- Net Tangible Assets per security of $3.04, up 10.1%
Operational performance:
- Access: Gross equity inflows of $1.5 billion from diversified equity sources.
- Deploy: Completed $3.7 billion of property transactions. $3.0 billion in acquisitions, $0.7 billion in non-core divestments.
- Manage: 29% growth in funds under management (FUM) to $17.5 billion. Completed 545 leasing transactions.
- Invest: Net $56 million invested alongside our capital partners. 6.46% WACR and 7.9% discount rate. Property Investment earnings growth of 26.4%.
Charter Hall’s Group CEO and Managing Director, David Harrison said: “Growth of 29% in FUM to $17.5 billion and 10.5% OEPS growth reflects the Group’s strategy focusing on accessing, deploying, managing and investing capital.”
To view the full announcement, please click on the button below.
To view the Annual Results Presentation, please click on the button below.
To view the Full Year Financial Report, please click on the button below.
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