• Operating earnings up 21.6% to $238.8 million
• Funds under management reach $92.2 billion
• $4.8 billion of gross equity inflows during the half

Charter Hall Group (ASX:CHC) has announced its 1H FY26 results, reporting strong financial performance across the business. Operating earnings reached $238.8 million, reflecting a 21.6% increase in operating earnings per security compared to the prior corresponding period. Statutory earnings post-tax were $272.8 million, and the company declared a distribution per security of 24.8 cents, up 6.0% on the prior period. The Group's funds under management (FUM) increased to $92.2 billion, including $73.6 billion of Property FUM. This was driven by $4.8 billion of gross equity inflows during the half-year period, comprising inflows of $2.2 billion in Wholesale Pooled Funds, $2.3 billion in Wholesale Partnerships and $220 million in Direct managed funds. The company's Property Investment portfolio was valued at $2.8 billion, or 4% of the Group's $73.6 billion Property Platform, and continued to demonstrate strong earnings growth and diversification. Development activity also remained a key focus, with $0.8 billion of completions during the period and a $17.9 billion development pipeline. The Group's balance sheet remains strong, with $7.8 billion of available liquidity and low gearing of 7.7%. Looking ahead, the company expects FY26 post-tax operating earnings per security to grow by 22.9% over FY25, and distribution per security to increase by 6%.

Based on no material change in current market conditions, FY26 earnings guidance is 100.0 cents per security for post-tax operating earnings per security, representing 22.9% growth over FY25. FY26 distribution per security guidance is for 6% growth over FY25.

As we look to the remainder of FY26, we see substantial opportunities to deploy capital, supported by $7.8 billion in investment capacity across the Group, including $1.0 billion available on-balance sheet. Supply remains constrained across every sector and market, while a growing economy and population continues to drive tenant demand. With our scale, disciplined focus, unique insights and deep customer relationships, we're exceptionally well positioned to accelerate the business forward and deliver meaningful value.