• Operating earnings up 7.3% to $385.0 million
• Statutory earnings post-tax of $327.7 million
• Distribution per security up 6.0% to 47.8 cents

Charter Hall Group (ASX:CHC) has announced its FY25 results for the period ending 30 June 2025. The group reported operating earnings of $385.0 million, reflecting operating earnings per security (OEPS) post-tax for the year of 81.4 cents per security, up 7.3%. Statutory earnings post-tax were $327.7 million, and the distribution per security increased 6.0% to 47.8 cents. The group saw $3.4 billion of gross equity flows, $6.1 billion of gross transactions, and $84.3 billion in funds under management, including $66.8 billion of Property FUM. Key highlights include the $1.3 billion privatisation of the ASX-listed HPI, a $1.3 billion equity raising for the CPIF wholesale pooled fund, and the launch of the $2.5 billion Charter Hall Convenience Retail Fund. The group also secured the mandate to manage Challenger Life's $2.1 billion Australian direct property portfolio. The group's property investment portfolio was valued at $2.7 billion, with a focus on high-quality tenant covenants and diversification. Development activity continues to drive modern asset creation, with a $17.0 billion development pipeline. The group completed $13.1 billion in new and refinanced debt facilities and maintains low balance sheet gearing of 6.0%.

Based on no material change in current market conditions, FY26 earnings guidance is 90.0 cents per security for post-tax operating earnings per security, representing 10.6% growth over FY25. FY26 distribution per security guidance is for 6% growth over FY25.

Future supply of all property sector development is materially constrained and significantly below historic norms. Redevelopment of commercial real estate sites to a higher and better use, such as Living & Mixed-Use developments, has the potential to create material value.