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CHARTER HALL GROUP Annual Report 2025

Aug 20, 2025

64645_rns_2025-08-20_28455a66-c893-41a0-b51a-1c9fa59d0665.pdf

Annual Report

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Charter Hall Group 2025 Full Year Results

ASX:CHC

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Charter Hall Group 2025 Full Year Results
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Agenda Agenda

  1. Highlights and Strategy

  2. Group Funds Management

  3. Property Investment

  4. Development Investment

  5. Financial Results

  6. Guidance

  7. Additional Information

Woodstock Avenue Industrial Centre, Glendenning (CPIF)

Acknowledgement of Country

Charter Hall acknowledges the Traditional Custodians of the lands on which we work and gather. We pay our respects to Elders past and present and recognise their continued care and contribution to Country.

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Front cover: Ascent Logistics Centre, Alexandria, NSW (CLP)

2

Charter Hall Group 2025 Full Year Results

Highlights and Strategy

1

555 Collins Street, Melbourne (CPOF)

3

Charter Hall Group 2025 Full Year Results

Highlights and Strategy

Group highlights FY25[1]

Investment Capacity

Group Returns Property Investments Funds Management Investment Capacity $385 million $2.7bn $84.3bn $5.9bn Operating earnings Co-investment portfolio Group FUM[4] Group investment capacity[2] Balance sheet 81.4cps 7.8% $6.1bn $5.26 OEPS Property Investment EBITDA Gross property transactions NTA per security growth (pcp) 20.8% 55% +14 6.0% Return on Contributed PI & DI EBITDA share of Onboarded new wholesale Balance sheet gearing Equity[3] Group EBITDA investor clients, plus additional equity flows from 41 existing wholesale investors

FY26 Earnings Guidance

EPS (+10.6%) 81.4cps ↑ 90.0cps FY25 delivered FY26 guidance

FY26 Distribution Guidance

DPS (+6.0%) ↑ 47.8cps 50.7cps FY25 delivered FY26 guidance Pro-Forma Group FUM[[4,5]] $87.0bn Pro-forma FUM based on 8 August 2025 ASX announcements

Pro-Forma Group FUM[[4,5]]

  1. Figures and statistics throughout this presentation are for the 12 months to 30 June 2025 unless otherwise stated

  2. Investment capacity calculated as cash plus undrawn debt facilities for CHC and the funds management platform. At 30 June 2025, platform cash was $0.8bn. Excludes committed and unallotted equity

  3. Return on contributed equity is calculated as total operating earnings post-tax per security divided by the opening contributed equity per security of $3.91 for the 12 months to 30 June 2025

  4. Includes Paradice Investment Management (PIM), with $17.5bn of FUM

  5. Updated for Challenger mandate and CCRF launch as outlined in the ASX announcement on 8 August 2025

4

Charter Hall Group 2025 Full Year Results

Highlights and Strategy

CHC’s Total Securityholder Return (TSR) has significantly outperformed the A-REIT index and peers

Since listing in 2005, Charter Hall’s strong performance has cemented its position as a market leading real estate asset manager, delivering outperformance for fund and partnership investors providing multiple strategy choices for its clients across multiple equity source segments

Source: IRESS, and FactSet.

  1. Total return calculated on a compound annual growth rate (CAGR) basis (assuming distributions are re-invested) from CHC’s IPO on 10 June 2005 to 8 August 2025; Domestic peers shown includes current ASX 200 A-REIT constituents already listed at the time of CHC’s IPO. CHC’s total return has been adjusted to reflect the issue price at IPO (i.e., includes the initial and final instalment)

Annualised TSR over the last 20 years since CHC listing (% p.a.)[1]

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CHC has achieved the greatest annualised and
cumulative TSR out of major Australian peers and indexes
15.2% 1.9x 2.7x
9.6%
8.1%
7.9%
6.8%
5.7% 5.6% 5.5%
5.0%
3.6% 3.5%
1.7%
Charter Hall Peer 1 XJOAI XJO Peer 2 Peer 3 Peer 4 XPJAI XPJ Peer 5 Peer 6 Peer 7 Peer 8 Peer 9
ASX200 IndexASX 200 ASX 20ASX2 0 0 A- A-REIT
Accumulation Accumulation REIT Index
Index Index
Cumulative TSR (%) [1]
1,638% 385% 202%
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5

Charter Hall Group 2025 Full Year Results

Highlights and Strategy

Property markets moving into recovery phase: Market indicators continuing to improve

Constructive rate path

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Cash Rate Projection
4.5%
4.0%
3.5%
3.0%
2.5% Forecast
2.0%
10yr Bond Yield Projection
4.6%
4.4%
4.2%
4.0%
3.8%
3.6%
3.4% Forecast
3.2%
3.0%
Sep 22 Mar 23 Sep 23 Mar 24 Sep 24 Mar 25 Sep 25 Mar 26 Sep 26 Mar 27 Sep 27
Sep 22 Mar 23 Sep 23 Mar 24 Sep 24 Mar 25 Sep 25 Mar 26 Sep 26 Mar 27 Sep 27
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Capital Values

Yields

(Prime indicative market average Office, I&L, Sub-regional Retail)

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(Prime indicative market average Office, I&L, Sub-regional Retail) (Prime indicative market average Office, I&L, Neighbourhood Retail)
$9,000 12%
$8,000
10%
$7,000
$6,000 8%
$5,000
6%
$4,000
$3,000 4%
$2,000
2%
$1,000
$0 0%
95 97 99 01 03 05 07 09 11 13 15 17 19 21 23 25 93 95 97 99 01 03 05 07 09 11 13 15 17 19 21 23 25
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Transaction Volumes (Rolling annual: Office, Industrial and Retail)

Supply Outlook

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(Rolling annual: Office, Industrial and Retail) (5-year forecast vs 5-year historic)
$ (Billions)
$60
Office Retail Industrial &
$50
Logistics
$40
↓ 36% ↓ 23% ↓ 21%
$30
$20
2025 to 2029 vs. 2020 to 2024
$10
$0
09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
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Source: JLL (2Q25), MSCI (Jun-25), Economist Consensus (Aug-25) and Charter Hall Research

All Charter Hall listed REITs including CHC, CLW, CQR, CQE in synchronised EPS upgrade cycle

6

Charter Hall Group 2025 Full Year Results

Highlights and Strategy

Our Strategic Pillars

We use our expertise to access, deploy, manage and invest equity to create value and generate superior returns for our investor customers

Access

Deploy

Manage

Invest

Access
Deploy
Manage
Invest
FY25
3 years
5 years
Accessing equity from listed,
wholesale and retail investors
Creating value through attractive
investment opportunities
Funds management, asset
management, leasing and
development services
Investing alongside our
capital partners
Gross equity flows
$3.4bn
Acquisitions
$2.9bn
Gross Transactions
$6.1bn
Group FUM
$84.3bn ↑ $3.4bn
PI Portfolio
$2.7bn
Divestments
$3.2bn
Development Capex
$1.7bn
Property FUM
$66.8bn ↑ $1.3bn
DI Portfolio
$0.1bn
Gross equity flows
$7.8bn
Acquisitions
$12.2bn
Gross Transactions
$20.6bn
Group FUM growth
$3.2bn$1.1bn p.a.
PI Portfolio
$2.8bn
Divestments
$8.4bn
Development Capex
$5.1bn
Property FUM growth
$1.2bn$0.4bn p.a.
DI Portfolio
$0.1bn
Gross equity flows
$17.9bn
Acquisitions
$27.1bn
Gross Transactions
$39.2bn
Property FUM growth
$26.3bn$5.3bn p.a.
PI Portfolio
$1.8bn
Divestments
$12.0bn
Development Capex
$9.6bn
DI Portfolio
$0.1bn

7

Charter Hall Group 2025 Full Year Results

Highlights and Strategy

Operating earnings growth

  • Doubling of net equity inflows driving fund creation underpins FM earnings growth

  • Cumulative retained earnings of $1.3bn since FY15 funding organic growth of the balance sheet coinvestment PI & DI portfolio, together driving earnings growth

  • FY25 OEPS of 81.4cps and DPS of 47.8cps

  • Distribution growth of 10.4% p.a. from FY15 to FY25, inclusive of gross up for franking credits

  • FY25 Distribution yield of 8.2%[4] (grossed up for franking credits)

Operating earnings and distributions growth

DPS (cash paid) DPS (grossed up) OEPS (post-tax)

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115.6cps
93.3cps 2
90.0cps
81.4cps
75.8cps
2
70.2cps
3
69.3cps 61.0cps 65.7cps
58.2cps
2
47.4cps 47.6cps 50.7cps 47.8cps 50.7cps
37.7cps 43.4cps 44.4cps 45.1cps
35.9cps 36.9cps 40.0cps 37.9cps 40.1cps 42.5cps
35.7cps
30.4cps 33.7cps
31.8cps
30.0cps
26.9cps
FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26
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  1. 10-year OEPS CAGR from the period 1 July 2016 to earnings guidance as at 30 June 2026

  2. Based on FY26 earnings guidance of approximately 90.0cps and DPS growth of 6% on FY25. Assumes 90% of FY26 distribution is fully franked dividends 3. Excludes capital reallocation non-cash special dividend which increased franking credits to security holders by a further 25.7cps

  3. Based on 30 June 2024 close price of $11.18 and includes cash distribution plus franking credits on ordinary dividends (17.9cps) and special dividend (25.7cps)

8

Charter Hall Group 2025 Full Year Results

Group Funds Management

2

Glebe Hill Village, Howrah (CQR)

Charter Hall Group 2025 Full Year Results

9

Group Funds Management

Scale and diversification

FY25 Group FUM growth of $3.4bn plus a further $2.7bn post balance date

– Diversification of equity sources and by sector

  • 31% Industrial & Logistics, 28% Office, 22% Listed Equities, 15% Convenience Retail and 4% Social Infrastructure

Group FUM by equity source

Group FUM by sector

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Social Infrastructure
Direct Equity Wholesale Equity $3.8bn
$8.6bn $63.3bn 4.5%
10.2% 75.0%
1
Convenience Retail Office
$12.4bn $23.9bn
Listed Funds 14.7% 28.3%
$12.4bn
14.7%
$84.3bn $84.3bn
Listed Equities
$18.3bn
21.7%
Industrial & Logistics
$25.9bn
30.7%
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  1. Includes Convenience Net Lease Retail $8.1bn (9.6%)

10

Charter Hall Group 2025 Full Year Results

Group Funds Management

Property Funds Under Management (FUM) growth

Growth in property FUM of $3.9bn from Jun-24 to FY26 YTD[1]

Property FUM growth ($bn)

Property FUM by equity source ($bn)

5-year Property FUM CAGR of 10.5%

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Wholesale 11.9%
$69.4bn 1 Listed 8.7% $71.9bn $69.4bn [1]
$1.7bn Direct 6.5%
$10.5bn $65.5bn $2.6bn
($3.2bn) $2.9bn $66.8bn FY26 YTD $65.6bn
$8.3bn
$8.8bn
$65.5bn $10.5bn
$13.3bn
$12.4bn
$0.0bn $12.0bn
$52.3bn $13.5bn
$48.1bn
$8.2bn
$46.1bn
$44.7bn
$40.5bn $10.8bn $41.6bn
$6.1bn
$33.3bn
$8.2bn
$26.3bn
Jun-24 Divestments Net Property Acquisitions Capex and Jun-25 Jun-20 Jun-21 Jun-22 Jun-23 Jun-24 Jun-25
Revaluations Developments
Growth 29.0% 25.5% 9.5% (8.8%) 5.9% [1]
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  1. Reflects Jun-25 property FUM, updated for wholesale Challenger mandate and CCRF launch as outlined in the ASX announcement on 8 August 2025

11

Charter Hall Group 2025 Full Year Results

Group Funds Management

Property funds management portfolio

Convenience Net lease retail grew by 21% due to HPI take-private

Largest diversified property portfolio in Australia

Property FUM Portfolio value
($bn)
Lettable area
(m sqm)
No. of
Properties
Net rent
($m)
WARR
(%)
WALE
(years)
Occupancy
(%)
WACR
(%)
30 June 2025 66.8 11.1 1,610 3,324 3.2 7.8 97.7 5.6
30 June 2024 65.5 11.4 1,618 3,266 3.4 8.1 97.9 5.5

Property FUM by equity source

Property FUM by sector

WALE by sector

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Social Infrastructure Listed Equities
$3.8bn $0.8bn
Direct Equity Wholesale Equity
$8.3bn $46.1bn 5.6% 1.2%
12.4% 69.0%
Convenience Retail Office
$12.4bn $23.9bn
18.6% 35.8%
Listed Funds
$12.4bn
18.6%
$66.8bn $66.8bn
Industrial & Logistics
$25.9bn
38.8%
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9.3 years 11.6
Anchor WALE
10.4
8.8
6.3
4.6
Convenience Office Industrial & Convenience Social
SC Retail Logistics Net Lease Infrastructure
Retail
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12

Charter Hall Group 2025 Full Year Results

Group Funds Management

Equity inflows

  • Diverse sources of equity across Wholesale, Listed and Direct

  • Wholesale flows driving 93.4% of new equity inflows across both partnerships and pooled funds

  • Strong trajectory of gross inflows over 3 years to FY26 YTD

Privatisation of ASX:HPI

$ 1 1.3bn

CPIF gross equity raised

$ 1.3bn

1.5x year-on-year net equity inflows already achieved in FY26 to date

($m)
FY23
FY24
FY25
FY26 YTD
(to 21 Aug 2025)
Wholesale pooled funds
817
305
2,054
958
Wholesale partnerships & mandates
1,432
1,140
1,156
2,202
Listed funds
9
11
3
-
Direct funds
542
148
223
29
Gross equity inflows
2,801
1,604
3,436
3,189
Net equity inflows
1,476
991
2,012
3,029

CCRF gross equity raised

$ 1.75bn

  1. Reflects HPI portfolio GAV

13

Charter Hall Group 2025 Full Year Results

Group Funds Management

Industrial & Logistics

  • Modern, high-occupancy portfolio of 7.2m sqm lettable area

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Hello Fresh, Light Horse Logistics Hub (CPIF)

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Coles, MidWest Logistics Hub, Truganina (CPIF)

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Translink Avenue, Launceston (CPIF & DIF4)

  • Strong leasing momentum with 559,215 sqm -

  • leased across 47 transactions 80% repeat tenant customers and 20% new customers

  • Leases renewed achieved rents at 21% above previous passing rents in FY25

  • CPIF gross equity raising in FY25 $1.3bn

Funds Under Management

$ 25.9bn

98.9% occupancy versus national average of 97.2%[1]

WARR of

3.0%

with 33% of leases having a market review over the next 5 years

8.8 yrs WALE across our Industrial & Logistics portfolio

8.5 yrs WALE achieved on all lease transactions nationally

bn $6.9

36.5%

like-for-like valuation growth since Development pipeline FY20

  1. Source: CBRE and Charter Hall Research All data as at 30 June 2025

14

Charter Hall Group 2025 Full Year Results

Group Funds Management

Office

  • Modern, high-occupancy portfolio of 1.9m sqm lettable area. Strong leasing momentum with 227,642 sqm leased[1] across 222 transactions. Effective rents outpacing face rents

  • 65% deals above 1,000sqm to Government or Institutional tenant customers

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GPO Tower, 2-10 Franklin Street, Adelaide (CPOF & CHWPT)

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10 Shelley Street, Sydney (CPOF & DOF)
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480 Swan Street, Melbourne (CPOF)

  • 95% of tenant customers remained in the same or an expanded footprint

  • Continued positive tenant customer advocacy with strong NPS score

Funds Under Management

$ 23.9bn

95.7% occupancy versus national average of 84.0%[2]

3.6% WARR on leasing deals

6.3 yrs WALE across Office portfolio 5

6.9 yrs WALE achieved on all lease transactions nationally

5 $6.1bn New vintage Office fund products Development pipeline on offer / incubating

  1. Includes Heads of Agreement 2. Source: JLL and Charter Hall Research All data as at 30 June 2025

15

Charter Hall Group 2025 Full Year Results

Group Funds Management

Convenience Retail

  • High-occupancy portfolio of 98.9% with 1.4m sqm lettable area

  • Strong leasing momentum with 44,020 sqm leased across 297 transactions

  • Charter Hall Convenience Retail Fund (CCRF) is a newly established wholesale pooled fund which has raised $1.75bn of equity commitments

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Bunnings, Oxenford (CCRF)

Ampol, Dee Why (CQR)

Convenience Shopping Centre Retail

$4.3bn Funds Under Management

9.3 yrs[1]

WALE with portfolio occupancy of 97.4%

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Kings Langsley, Kings Langley (CQR)

1

CQR ranked #1 preferred landlord[2] amongst peers for four years +

Funds Under Management

Convenience Net Lease Retail

$ 12.4bn

$8.1bn Funds Under Management

10.4 yrs

$1.3bn

WALE with portfolio occupancy of Gross transactions 100%. 86% of portfolio net income is CPI-linked

  1. Anchor tenant WALE (major supermarket shopping centre retail) 2. As ranked by Charter Hall retail tenants – Annual CentreSAT survey through Monash Business School’s ACRS Research unit

16

Charter Hall Group 2025 Full Year Results

Group Funds Management

Social Infrastructure

  • 100% occupancy

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Only About Children, Balwyn North (CQE)

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Clinipath Pathology, Osborne Park (CQE)

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Geoscience Australia Facility, Canberra (CLW, CQE & DIF4)

  • Properties for essential services with low correlation to economic cycle

  • Strong population growth increasing demand for all segments of the Social Infrastructure sector

Funds Under Management

$ 3.8bn

100% High portfolio occupancy

6.7% Initial yield achieved on accretive acquisitions[1,2]

11.6 yrs Only 3.5% of lease income expiring within the next 5 years[1] 30

Properties sold for 8.3% premium to book value at 4.4% yield[1]

10.5% Market rental uplift achieved on 69 market rent reviews[1]

4.3% WARR[1,3]

  1. Relates to CQE only 2. Includes acquisitions of 22.5% asset interest in Western Sydney University campus ($68.4m) and a further asset interest in Geosciences facility which both settled in July 2025

  2. Weighted average rent review on like-for-like properties in FY25

17

Charter Hall Group 2025 Full Year Results

Group Funds Management

Deep, trusted cross sector relationships

Transacted with 10 of the top 20 tenant customers in FY25, including new top 20 entrant QVC / AVC from HPI take private

  • Our top 20 tenants represent 55% of property platform income

  • 22% of platform leases are NNN

  • 22% of platform income with CPIlinked

  • 70% multi-lease tenants

  • 25% cross-sector tenants across more than 4,500 leases

  • Two new top 20 entrants - QVC/ AVC on HPI transaction with ~112,000 sqm leased and CEVA Logistics from active leasing with 10ha site leased in Sydney

  • ~103,000 sqm of development prelease activity, including ~92,000 sqm of Industrial pre-lease with supermarket anchor tenants

Top 20 platform tenants by net income

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17.4%
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Office
Industrial & Logistics
Convenience Net Lease Retail
Convenience Shopping Centre Retail
Social Infrastructure
New Top 20 Entrant
5.2%
4.8%
4.3%
3.6% 3.4%
2.1% 2.1% 1.9% 1.8% 1.6%
1.1% 1.0% 0.8% 0.8% 0.7% 0.6% 0.6% 0.6% 0.6%
1
FY25  
Activities           
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  1. Includes federal, state and local governments

18

Charter Hall Group 2025 Full Year Results

Group Funds Management

FY25 property transaction activity

$6.1bn of transaction activity in the full year, equivalent to 1.5x FY24, led by take private of HPI in Convenience Net Lease Retail

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Convenience Social
Industrial & Convenience
($bn) Office Shopping Centre Infrastructure / Total
Logistics Net Lease Retail
Retail Other
Acquisitions 0.1 0.8 0.2 1.3 0.4 2.9
Divestments (0.7) (1.9) (0.2) (0.0) (0.4) (3.2)
Net transactions (0.5) (1.1) (0.0) 1.3 0.0 (0.3)
Gross transactions 0.8 2.8 0.4 1.3 0.8 6.1
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Bunnings, Oxenford (CCRF)

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Corio Village Shopping Centre, Corio (CQR & RP1)

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The Regatta Hotel, Toowong (CQR)

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Glebe Hill Village, Howrah (CQR & RP1)

19

Charter Hall Group 2025 Full Year Results

Property Investment

3

Powerlink, TradeCoast Logistics Hub, Pinkenba (CPIF)

Charter Hall Group 2025 Full Year Results

20

Property Investment

Property Investment portfolio

Property Investment portfolio of $2.7bn

Portfolio Value No. of WALE Occupancy WARR WACR WADR
($bn) Properties (years) (%) (%) (%) (%)
30 June 2025 2.7 1,542 7.6 97.0 3.2 5.8 7.0
30 June 2024 2.6 1,607 7.2 97.4 3.4 5.7 6.8

Sector allocation

Geographic allocation

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Social Listed Equities
Infrastructure $87m
$227m 3.2%
8.4%
Convenience
SC Retail
$128m
4.7% Office
$1,317m
Convenience 48.9%
Net Lease Retail
$314m11.6% $2.7bn
Industrial & Logistics
$622m
23.1%
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NZ
WA
1%
TAS 8%
1%
ACT
6%
SA
4%
NSW
40%
$2.7bn
VIC
20%
QLD
19%
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21

Charter Hall Group 2025 Full Year Results

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Property Investment
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Diversified Property Investment earnings

  • Property Investment portfolio provides growth and resilience given quality and strong tenant customer composition

  • No single asset is more than 6% of portfolio investments

  • 16% of CHPT net income CPI-linked with 3.2% WARR

  • Government makes up ~29% of portfolio income

  • Upweighted to Long WALE Office for New Vintage Opportunity Fund

  • Co-invested alongside investors into Deep Value AREIT Partnerships (DVAPs managed by Maxim)

  • Exited Private Credit Incubation Fund & strategy

Property Investment earnings

(by sector)

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Listed Equities
3%
Social
Infrastructure
13%
Office
Convenience 47%
SC Retail
6%
Convenience
Net Lease Retail
13%
Industrial & Logistics
18%
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22

Charter Hall Group 2025 Full Year Results

Development Investment

4

Artist’s impression: Chifley Square, South Tower, Sydney (CTT)

23

Charter Hall Group 2025 Full Year Results

Development Investment

Driving superior returns through our develop to core approach

  • Development completions of $0.9bn over the last 12 months

  • 94% of Industrial & Logistics and 79% of Office committed projects are pre-leased[1]

  • $1.5bn across 3 new pre-leases in Industrial

  • $3.9bn of on-completion value within planning approved Living incubation portfolio

Completion value ($m)

Completion value ($m)
Completions
(last 12 months)
Committed
projects
Uncommitted
projects4
Total
pipeline5
Industrial & Logistics
0.9
2.4
4.5
6.9
Office2
-
2.8
3.4
6.1
Convenience SC Retail3
0.0
0.1
-
0.1
Living & Mixed-Use
-
-
3.9
3.9
Total
0.9
5.3
11.8
17.0
  1. Based on GLA (Industrial) and NLA (Office)

  2. $1.5bn of uncommitted Office developments have approved DA’s

  3. Reflects development spend only and excludes existing centre value

  4. Includes potential end value of uncommitted development projects

  5. $7.5bn of committed and uncommitted development projects are included in FUM as at 30 June 2025

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Artist’s impression: 201 Elizabeth Street, Sydney (CH201 JV) 24
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Charter Hall Group 2025 Full Year Results

Development Investment

National industrial development pipeline

$6.9bn

Delivering strategically located essential industrial assets

Industrial & Logistics

  • $879m of industrial development completions over FY25. 9 projects completed with a WALE of 9 years

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  • $2.4bn committed future developments underway (to be delivered in the next 24 months) with total $6.9bn pipeline

  • Reached practical completion of a multi-level logistics estate in eastern Sydney with a completion value of $250m

  • Major pre-commitments in FY25 includes Aldi, Coles, Wesfarmers (Bunnings & API) and Volvo

Data Centres

  • Currently working on multiple core Data Centre sites across the Industrial & Logistics platform. In the process of unlocking ~1.5GW power supply and associated planning approvals

  • Optionality retained to sell powered land at premium, transact long term ground leases or develop powered Data Centre shells with capital partners and/or funds

Artist’s impression: Flagstone Logistics Estate, Brisbane (CPIF & CHPIP2)

25

Charter Hall Group 2025 Full Year Results

Development Investment

National office development pipeline $6.1bn

Chifley Square, North and South Tower, Sydney

  • Exceptional premium position with Chifley North including new retail, tenant amenity and public domain

  • Combined precinct of ~110,000sqm NLA

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Chifley Square[1] (South Tower), Sydney (CTT) 360 Queen Street[1] , Brisbane (CPOF)

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15 Sydney Avenue[1] , Barton (CPOF)

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  • Significant value creation through site specific planning proposal increasing FSR from c. 14:1 to 21:1

  • Precinct value on completion ~$4.0bn (South Tower incremental ~$2.0bn)

  • Forecast completion mid 2027

360 Queen Street, Brisbane

  • Development opportunity created by consolidating 4 lots in Brisbane’s “Golden Triangle” through on-market and off-market transactions

  • Development approval secured for a 34 level Premium Grade Office Tower with 45,256sqm on NLA

  • Construction on track to reach practical completion in H2 CY2025 with an on-completion value of $640m (at 100%)

  • Office pre-commitment currently at 92%, with a WALE of 10.9yrs

15 Sydney Avenue, Barton

  • Prime Barton located office development with 100% pre-commitment to ATO for 15 years

  • Artist’s impression

26

Charter Hall Group 2025 Full Year Results

Development Investment

Sustainability initiatives

Our approach

Platform-wide

  • Harness our scale to drive consistent, impactful sustainability outcomes

  • Integrated asset planning Targeted enhancements that improve operational efficiency and deliver highperforming buildings

  • Active partnership Deliver long-term returns by working with customers to implement cost-effective, clean energy solutions

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Environment
Environment
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Net Zero

  • Achieved 77% reduction in net Scope 1 and Scope 2 emissions[1] driven by energy efficiency, electrification, renewable electricity and residual emissions compensated by nature-based carbon offsets (9%)

  • From 1 July 2025[2] our whole platform operates as Net Zero through existing onsite solar and renewable electricity contracts

Clean energy

  • 86MW of solar installed to date, an uplift of 8% since FY24 of which 80% supplied directly to tenants

  • Additional 5.8MW is planned or committed[3] over the next 18 months

Circular economy

  • 48% diversion of waste from landfill across our Office and Shopping Centre Retail portfolios where we manage waste, an uplift of 4% since FY24

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Social
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Governance
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Natural disaster relief and recovery

ESG leadership

  • $1m invested to date with Red Cross and Recognised as peer group leader across Foundation for Rural & Regional Renewal to three funds, with 18 of 27 participating funds support Australian communities impacted by in the top 20% of the benchmark natural disaster and hardship, enabling - All listed entities[4] achieved ‘A’ ranking under 260 volunteer placements and GRESB Public Disclosure

  • 39 community grants

  • Achieved ‘AA’ MSCI rating and ‘Negligible Risk’ under Sustainalytics

Community partnerships

Sustainable finance

  • Secured $8.1bn in sustainable finance, leveraging approach to interdependent ratings

  • Achieved >2,900 hours in community volunteering, supporting social enterprises in the communities we operate

  • Created 130 employment outcomes in the year for vulnerable young Australians via state-based employment partners

  • 8.9m sqm with Green Star Performance rating and >1.4m sqm of assets with 5 Star or greater NABERS Energy rating

First Nations

Responsible supply chain

  • Selected Bandu Enterprises as NSW Community Investment Partner to support employment pathways

  • Actively mitigated modern slavery risk in our operations and supply chain

    • Updated training for all employees
  • Progressed our Innovate RAP commitments, focused on economic empowerment through our value chain

  • Knowledge sharing through industry collaboration

  • Our Net Zero target applies to Scope 1 and Scope 2 emissions against our FY17 baseline for existing assets that fall under the operational control of responsible entities for which Charter Hall Limited is the controlling corporation. Including LGCs from installed solar returned to Shopping Centre Retail. 2. LGC and Offsets secured and will be retired to compensate for all Scope 1 and Scope 2 emissions from Shopping Centre assets as at 1 July 2025 3. Includes solar capacity agreed by all parties 4. Charter Hall’s listed entities are ASX:CHC, CQR, CLW, and CQE

27

Charter Hall Group 2025 Full Year Results

Financial Results

5

60 King Williams Street, Adelaide (CPOF)

28

Charter Hall Group 2025 Full Year Results

Financial Results

Earnings summary

  • PI EBITDA $292.0m generates growth of 7.8%: excludes coinvestment finance costs and eliminates co-investment FM revenue

  • DI EBITDA of $40.6m excludes coinvestment finance costs

  • FM EBITDA of $271.5m eliminates co-investment FM revenue

  • Statutory profit of $327.7m as valuations stabilise

  • Distribution growth of 6% to 47.8cps, plus franking credits on ordinary dividends of 17.9cps and special dividend of 25.7cps

($m) FY24 FY25 Change %
PropertyInvestment(PI)EBITDA1 271.0 292.0 7.8%
Development Investment(DI)EBITDA 36.4 40.6 11.5%
Funds Management(FM)EBITDA1,2 271.6 271.5 (0.0%)
Total Segment EBITDA 579.0 604.1 4.3%
Depreciation (11.5) (8.1) (29.6%)
Net finance costs3 (106.0) (114.6) 8.2%
Operating earnings pre-tax 461.5 481.4 4.3%
Tax (102.8) (96.4) (6.2%)
Operating earnings post-tax 358.7 385.0 7.3%
Non-operating items
Net fair value movements on investments4 (474.5) 5.9
Other non-operatingitems5 (101.2) (63.2)
Statutory earnings after tax (217.0) 327.7
OEPSpre-tax (cps) 97.6 101.8 4.3%
OEPSpost tax(cps) 75.8 81.4 7.3%
Distributionper security (cps) 45.1 47.8 6.0%
Frankingcredit distribution(cps) 13.1 17.9
Payout Ratio 59.5% 58.7%
  1. Includes elimination of co-investment FM revenue, increasing PI and decreasing PFM (FY25 $35.6m & FY24 $38.4m)

  2. Includes PIM NPAT (FY25 $14.8m & FY24 $9.8m)

  3. Includes net interest expense on balance sheet borrowings (FY25 $14.1m & FY24 $19.8m) and co-investment share of funds’ interest expense (FY25 $100.5m & FY24 $86.2m)

  4. Adoption of AASB 18 resulting in restatement of prior year fair value movement ($461.7m) of CLW, CQR & CQE listed securities to listed closing trading prices (previously held at NTA) 5. Includes net losses on derivatives $48.3m (FY24 $43.9m) and amortisation expense $25.9m (FY24 $23.2m)

29

Charter Hall Group 2025 Full Year Results

Financial Results

Funds management earnings

  • Funds management revenue reduced by 4.2% due to lower weighted average FUM, despite closing FY25 FUM exceeding pcp

  • Transaction and performance revenue reduced to $31.2m due to no performance fee income

  • Property services revenue increase of 15.1% primarily due to increased leasing volumes and associated capital works

  • Operating expense savings of 13.1% reflecting cost reduction program undertaken in FY24

($m) FY24 FY25 Change %
Funds management revenue1 294.7 282.2 (4.2%)
Transaction and performance revenue 57.0 31.2 (45.3%)
Investment management revenue 351.8 313.4 (10.9%)
Property services revenue 106.6 122.7 15.1%
Gross FM revenue 458.4 436.1 (4.9%)
Elimination of co-investment FM revenue (38.4) (35.6) (7.3%)
Operating expenses (148.4) (129.0) (13.1%)
FM EBITDA 271.6 271.5 (0.0%)
  • FM EBITDA flat despite investment management revenue reduction due to operating expense savings

  • Includes PIM NPAT (FY25 $14.8m & FY24 $9.8m)

30

Charter Hall Group 2025 Full Year Results

Financial Results

Balance sheet and return metrics

  • Available cash of $287 million

  • Strong balance sheet maintained with low gearing at 6.0%

  • Investment capacity of $0.7 billion available for fund creation and growth opportunities

  • Continued strong return on contributed equity of 20.8%

  • Charter Hall Group Moody’s (Baa1 / Stable) rating reaffirmed January 2025

($m) 30 Jun 2024 30 Jun 2025
Cash 383 287
Property investment 2,553 2,695
Development investment 74 72
Receivables 100 90
Other assets1 196 255
Intangibles 113 113
Total assets 3,418 3,511
Borrowings1 482 482
Other liabilities 322 319
Total liabilities 803 801
Total equity 2,615 2,711
Contributed equity per stapled security2 $3.91 $3.91
NTA per stapled security3 $5.06 $5.26
Balance sheet gearing 3.2% 6.0%
Headstock investment capacity4 683 667
Return metrics
Return on NTA (pre-tax)5 17.0% 20.1%
Return on NTA (post-tax)5 13.2% 16.1%
Return on contributed equity (pre-tax)6 24.9% 26.0%
Return on contributed equity (post-tax)6 19.4% 20.8%
  1. Net of swap mark-to-market of $32.8m relating to the USPP and A$MTN (representing USPP and A$MTN repayment values of $231.5m and $250m, respectively) 2. Excludes in FY25 impact of cross-staple $400m recapitalisation of CHPT from CHL ($116m capital return and $284m special dividend)

  2. Net tangible assets (NTA) per stapled security ($) is calculated using assets less liabilities, net of intangible assets and related deferred tax

  3. Investment capacity calculated as cash plus undrawn debt

  4. Return on NTA is calculated as total operating earnings pre-tax/post-tax per security divided by the opening NTA per security

  5. Return on contributed equity is calculated as total operating earnings pre-tax/ post-tax per security divided by the opening contributed equity per security

31

Charter Hall Group 2025 Full Year Results

Financial Results

Platform debt proactively managed

  • $5.9bn of available liquidity plus committed and uncalled equity

  • $13.1bn of new and refinanced debt facilities in FY25, representing 43% of all platform facilities

  • $8.1bn of sustainable finance facilities, representing 27% of all platform facilities, being an increase of $1.7bn in FY25

  • Weighted average gearing across the fund platform is 36.9 %

Funds platform debt metrics1 30 Jun 2024 30 Jun 2025
Total facility limits ($m) 30,054 30,487
Total undrawn debt ($m) 5,782 5,102
Total cash ($m) 795 792
Weighted average debt maturity (yrs)2 3.7 3.4
Weighted average cost of debt (%)3 4.4% 4.5%
Weighted average hedge (%) 62% 57%
  • Eight investment grade external credit ratings (Public + Private) currently held across Moody’s and Standard & Poor’s

  • Total platform includes Corporate debt facility limits of $862m, drawn to $483m, with $287m as cash balance

  • Duration is based on facility limits

  • Passing cost of debt includes floating rate, hedge rate, margins, line fee but excludes undrawn line fees and amortised borrowing costs

32

Charter Hall Group 2025 Full Year Results

Guidance

Coles, MidWest Logistics Hub, Truganina (CPIF)

6 Charter Hall Group 2025 Full Year Results

33

Guidance

FY26 operating earnings guidance

Based on no material change in current market conditions, FY26 guidance for post-tax operating earnings per security of approximately 90 cents, representing 10.6% over FY25, without performance fee expectations.

FY26 distribution per security guidance is for 6% growth over FY25, continuing 14 years of 6% DPS growth.

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Chifley North
1, 10 and 12 Chifley South (under
383 Kent Street Shelley Street 9 Castlereagh construction)
Street
No.1 Martin
Place
2 Market Street
52 Martin Place
167 Macquarie
Street
2 Park Street
201 Elizabeth Street (development)
231 Elizabeth Street Sydney, NSW
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34

Charter Hall Group 2025 Full Year Results

Additional Information

7

Charter Hall Offices, 275 George Street, Brisbane (CPOF & CHWPT)

Charter Hall Group 2025 Full Year Results

35

Additional Information

Management bench experience Charter Hall Executive Committee (EXCO)

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David Harrison

Managing Director & Group CEO

35 years industry experience

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Sean McMahon

Chief Investment Officer

  • 35 years industry experience

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Anastasia Clarke

Chief Financial Officer

  • 30 years industry experience

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Avi Anger

Diversified CEO

  • 25 years industry experience

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Carmel Hourigan

Office CEO

  • 30 years industry experience

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Steven Bennett

Direct CEO

  • 20 years industry experience

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Natalie Devlin

Chief Experience Officer

  • 25 years industry experience

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Ben Ellis

Richard Stacker

Retail CEO

Industrial & Logistics CEO

30 years industry >25 years industry experience experience

36

Charter Hall Group 2025 Full Year Results

Additional Information

National expertise

Our local knowledge builds value and ensures success for both our tenants and investors

Property FUM $ 66.8bn

Offices across all major cities 5

Employees

~600

Property FUM by state[1]

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Australia
$0.1bn
NT
$11.4bn
$4.9bn QLD
WA
$2.9bn
SA
$28.1bn
NSW & ACT
$17.0bn
VIC
$0.5bn New Zealand
TAS
$0.7bn
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  1. FUM listed on the map excludes Maxim and other smaller investments

37

Charter Hall Group 2025 Full Year Results

Additional Information

Charter Hall investment strategies

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Wholesale Listed Funds Direct Funds
$63.3bn $12.4bn $8.6bn
Pooled Partnerships Listed
$14.0bn $6.6bn $17.2bn $5.5bn $3.7bn
CPIF Industrial & Logistics PIM ASX:CLW Industrial & Logistics
$8.8bn $10.8bn $4.8bn $3.4bn
1
CPOF Office ASX:CQR Office
$0bn $4.8bn $2.1bn $0.2bn
3
CCRF Retail ASX:CQE Retail
$1.1bn $1.3bn
2
Social Infrastructure/Other Social Infrastructure/Other
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  1. Includes HPI FUM of $0.7bn

  2. Including PIM fund of $0.3bn

  3. As outlined in the ASX announcement on 8 August 2025, CCRF has an initial gross asset value portfolio of $1.35bn

38

Charter Hall Group 2025 Full Year Results

Additional Information

Charter Hall sector valuation movement – June 2025

Valuation movement Valuation movement Cap rate movement Cap rate movement June 2025
(6 months) (12 months) (6 months) (12 months) cap rate
Industrial & Logistics 0.6% 1.3% 3 bps 11 bps 5.3%
Office (0.6%) (4.0%) 8 bps 28 bps 6.1%
Convenience Shopping Centre Retail 2.0% 3.3% (8 bps) (7 bps) 6.0%
Convenience Net Lease Retail 1.2% 2.0% 0 bps 3 bps 5.1%
Social Infrastructure 1.0% 1.3% (2 bps) 2 bps 5.2%
Platform Total 0.4% (0.6%) 5 bps 15 bps 5.6%

39

Charter Hall Group 2025 Full Year Results

Additional Information

Charter Hall sector LFL WACR over the last 5 years

Recent valuation cycle

Cap rate movements more than offset by valuation growth

  • On average across all sectors, cap rates have risen over the last two years by almost the same amount they fell during Jun-20 to Jun-22

  • Despite this cap rate reversion, most sectors have higher values compared to Jun-20, driven by contracted and market rental growth

  • Although Industrial cap rates have been the most volatile, peak to trough ~120bps, Industrial FUM has grown the most due to strong market rent growth

  • We are witnessing a change in property valuation momentum as there is stabilisation and/or minor compression of cap rates across all sectors over the last 6-month period to Jun-25

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6.50%
6.00%
5.50%
5.00%
4.50%
4.00%
3.50%
Jun-20 Dec-20 Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25
Office Industrial
Convenience Shopping Centre Retail Convenience Net Lease Retail
Social Infrastructure CHC Platform
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LFL valuation growth[1]

+36.5% -5.0% +23.8% +28.6% +28.5% +9.8% Industrial & Office Convenience Convenience Social Infrastructure CHC Platform Logistics Shopping Centre Net Lease Retail Retail

  1. Like-for-like (LFL) valuation growth from Jun-20 to Jun-25

40

Charter Hall Group 2025 Full Year Results

Additional Information

Sale and leaseback transactions (by tenant industry and partnerships)

Transaction origination

Our scale and cross sector capability creates significant sale and leaseback opportunities

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Other
Capital Goods 5%
3%
Transportation
4%
Food & Staples
Retailing
23%
Retailing
9%
Household &
Personal
Products
$11bn [1]
8%
in sale & leaseback
transactions
Energy
Government & 19%
Universities
9%
Telecommunication Food, Beverage &
Services Food & BeverageTobacco
11%11%
9% 11%
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  1. Over the last 10 years

41

Charter Hall Group 2025 Full Year Results

Additional Information

Wholesale pooled funds and partnerships

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FUM $46.1bn Occupancy 96.9% Cap rate 5.4%

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Gearing 37.4% WALE 7.7yrs CHC investment $1.7bn

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Bunnings, Oxenford (CCRF) 42
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Charter Hall Group 2025 Full Year Results

Additional Information

Wholesale investment performance (major funds) Relative to sector specific IPD/MSCI core wholesale indices

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15.0%
13.3%
12.6%
10.1% 10.1% 10.1%
9.2%
6.1%
5.7% 5.7%
2.7% 2.7%
CHOT CPOF CPIF CLP LWHP LWIP
10 years 10 years 10 years 10 years 10 years 10 years
Office (% p.a) Convenience Net Lease Retail (% p.a)
Industrial & Logistics (% p.a) Benchmark (% p.a)
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43

Charter Hall Group 2025 Full Year Results

Slide to be updated

Additional Information

Listed REITs ASX:CLW, CQR & CQE

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FUM Gearing $12.4bn 31.5% Occupancy WALE 99.2% 8.8yrs Cap rate CHC investment 5.5% $0.6bn

Charter Hall Group 2025 Full Year Results

Additional Information

Direct property funds

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FUM $8.3bn Occupancy 98.9% Cap rate 6.1%

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Gearing 38.9% WALE 6.9yrs CHC investment $0.3bn

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Altona Logistics Centre, Altona (DIF4) 45
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Charter Hall Group 2025 Full Year Results

Additional Information

Direct funds[1] investment performance (since inception) With +90% of funds outperforming the benchmark[2]

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15% 14.3%
13.8%
13.0%
10% 9.5%
8.5%
6.8% 7.0%
6.2%
5.3% 5.3% 5.4% 5.5%
5%
4.0%
3.5% 3.6%
3.1%
2.9%
0.9% 0.9%
-
(0.7%)
(2.5%)
(3.7%)
(5%) 3,4 3,4 3,4 4
DOF PFA CHOT2 DIF3 DIF4 BW Trust LWF WPS1 WPS2 TEF Maxim
2014-2025 2017-2025 2024-2025 2014-2025 2016-2025 2014-2025 2017-2025 2020-2025 2022-2025 2024-2025 2014-2025
Australian Office Australian Industrial & Logistics Australian Diversified Australian Social Australian Listed
Infrastructure Diversified
Direct Fund (% p.a.) Benchmark (% p.a.)
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  1. Refers to all funds that have a GAV in excess of $100m and excluding institutional mandates

  2. Benchmark refers to the headline MSCI/IPD Unlisted Core Wholesale Property Fund Index returns series as at 30 June 2025, since the respective fund inception dates. Maxim benchmark refers to S&P/ASX 300 A-REIT Accumulation Index. Charter Hall Maxim Property Securities Fund and Benchmark Index returns series as at 30 June 2025, over the past 10-year return period. Years shown are indicative of inception year to 30 June 2025, though returns are as at exact inception date. Past performance is not a reliable indicator of future performance

  3. Returns refer to the following unit classes; DOF – Wholesale A, PFA – Ordinary, and DIF3 – Wholesale

  4. Returns assume Bonus Units or Entitlement Offer as per respective PDS or offer document

46

Charter Hall Group 2025 Full Year Results

Additional Information

CHPT Property Investment portfolio

Ownership Charter Hall Charter Hall PI WALE WACR WADR WARR
stake1 Investment2 EBITDA Income (years) (%) (%) (%)
(%) ($) ($m)
Industrial & Logistics 3.8 622.3 50.7 7.4 5.2 6.7 2.9
Office 12.1 1,317.4 147.0 7.4 6.1 7.1 3.5
Convenience Shopping Centre Retail 5.1 128.0 16.7 4.6 6.0 7.0 2.8
Convenience Net Lease Retail 6.6 313.6 37.0 11.4 5.1 6.8 2.6
Social Infrastructure & Other3,4 9.2 313.8 40.6 6.6 6.1 7.8 3.3
Property Investment Total 7.05 2,695.2 292.0 7.6 5.8 7.0 3.2
  1. Reflects weighted average ownership

  2. Includes CLW, CQR and CQE co-investments under AASB18 at fair value closing listed prices 30 June 2025 (previously held at each fund’s NTA). FY25 total listed investments (including Maxim & DVAPs) of $709.6m as at 30 June 2025 listed closing trading prices and total unlisted investments of $1,985.6m as at 30 June 2025 NTA

  3. Includes Listed Equities investments (Maxim & DVAPs)

  4. Property Stats relate to Social Infrastructure portfolios only

  5. Reflects CHPT proportionate co-investment in total equity under management

47

Charter Hall Group 2025 Full Year Results

Additional Information

Major fund performance review testing periods

Fund Testing frequency FY26 FY27 FY28 FY29 FY30
Charter Hall DVP Fund (DVP) 7 yearly plus individual asset divestments
Long WALE Hardware Partnership (LWHP) 4 yearly
Charter Hall Direct Industrial Fund No. 4 (DIF4) 5 yearly
Core Logistics Partnership (CLP) 3 yearly
Charter Hall PGGM Industrial Partnerships (CHPIP 1 & 2) 8 yearly
Charter Hall Prime Office Fund (CPOF) 3 yearly
Charter Hall Office Trust (CHOT)
60 King William Trust 7 yearly
Charter Hall Direct PFA Fund (PFA) 5 yearly plus individual asset divestments
Charter Hall Direct Long WALE Fund (LWF) 5 yearly
Brisbane Square Wholesale Fund (BSWF) 3 yearly
Charter Hall 242 Exhibition St Trust (242X) 3 yearly
Charter Hall Prime Industrial Fund (CPIF) 3 yearly
Charter Hall Direct Industrial Fund No. 3 (DIF3)
Charter Hall DVP2 Fund (DVP2) 4 yearly
BW Trust 5 yearly
Retail Partnership Series 6 (RP6) 7 yearly
Charter Hall Wholesale Telco Exchange Portfolio (TEF) 5 yearly
Charter Hall Direct Office Fund (DOF) 5 yearly
Charter Hall Office Trust 2 (CHOT2)
Charter Hall Exchanges Trust (CHET) 5 yearly

48

Charter Hall Group 2025 Full Year Results

Additional Information

Fund key and glossary

Listed entities

Listed entities
ASX:CHC Charter Hall Group
ASX:CLW Charter Hall Long WALE REIT
ASX:CQE Charter Hall Social Infrastructure REIT
ASX:CQR Charter Hall Retail REIT
Direct funds
BW Trust BW Trust
DIF2, DIF3, DIF4 Charter Hall Direct Industrial Fund series
DOF Charter Hall Direct Office Fund
LWF Charter Hall Direct Long WALE Fund
PFA Charter Hall Direct PFA Fund
MAXIM Charter Hall Maxim Property Securities Fund
WPS1, WPS2 Charter Hall Wholesale Property series
Glossary
CAGR Compound Annual Growth Rate
DI Development Investments
Effective Rent Rental income after adjusting for any
incentives/vacancies
Face Rent Rental income which may or may not include
incentives
FM Funds Management
FSR Floor Space Ratio
FUM Funds Under Management
GFA Gross Floor Area
NTA Net Tangible Assets
OEPS Operating Earnings per Security
PI Property Investments
PIM Paradice Investment Management
WACR Weighted Average Cap Rate
WADR Weighted Average Discount Rate
WALE Weighted Average Lease Expiry
WARR Weighted Average Rent Review

Wholesale funds

Wholesale funds
BPH Charter Hall Bunnings Holding Trust
BPP Charter Hall bp Partnership
BSWF Brisbane Square Wholesale Fund
CCT Charter Hall Counter Cyclical Trust
CCRF Charter Hall Convenience Retail Fund
CHAB247 Charter Hall Abacus 247 Adelaide Street Trust
CHAIT Charter Hall Australian Investment Trust
CHALWF Charter Hall ALDI Logistics Wholesale Fund
CHAPF Charter Hall Ampol Property Fund
CHAP1 Charter Hall AREIT Partnership No. 1
CHET Charter Hall Exchanges Trust
CHCOT Charter Hall Canberra Office Trust
CHGOT Charter Hall Genge Office Trust
CHKIP Charter Hall Koala Investment Partnership
CHPIP1, CHPIP2 Charter Hall PGGM Industrial Partnerships
CHOT Charter Hall Office Trust
CHWPT Charter Hall Wholesale Property Trust
CLP Core Logistics Partnership
CPIF Charter Hall Prime Industrial Fund
CPOF Charter Hall Prime Office Fund
CPRF Charter Hall Prime Retail Fund
CTT Charter Hall Chifley Tower Trust
DVAP Charter Hall DVAP Fund
DVP, DVP2 Charter Hall DVP Fund Series
LWIP, LWIP2 Long WALE Investment Partnership series
LWHP Long WALE Hardware Partnership
RP1, RP2, RP6 Retail Partnership series

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Charter Hall Group 2025 Full Year Results

Further information

Investor Relations

Tel 1300 365 585 (within Australia) +61 2 8651 9000 (outside Australia)

Email [email protected]

Presentation authorised by the Board

charterhall.com.au/chc

IMPORTANT NOTICE & DISCLAIMER

This presentation has been prepared by Charter Hall Funds Management Limited ACN 082 991 786 (together, with its related bodies corporate, the Charter Hall Group).

This presentation has been prepared without reference to your particular investment objectives, financial situation or needs and does not purport to contain all the information that a prospective investor may require in evaluating a possible investment, nor does it contain all the information which would be required in a product disclosure statement prepared in accordance with the requirements of the Corporations Act 2001 (Commonwealth) (Corporations Act). Prospective investors should conduct their own independent review, investigations and analysis of the information contained in or referred to in this presentation and the further due diligence information provided.

Statements in this presentation are made only as of the date of this presentation, unless otherwise stated. Charter Hall Group is not responsible for providing updated information to any prospective investors. Any forecast or other forward looking statement contained in this presentation may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct. There are usually differences between forecast and actual results because events and actual circumstances frequently do not occur as forecast and these differences may be material.

In making an investment decision, prospective investors must rely on their own examination of the Charter Hall Group, and any other information they consider relevant. All information is provided as indicative only.

None of Charter Hall Group, its officers, employees, advisers or securityholders (together, the Beneficiaries) guarantee or make any representation or warranty as to, or take responsibility for, the accuracy, reliability or completeness of the information contained in this presentation. Nothing contained in this presentation nor any other related information made available to prospective investors is, or shall be relied on, as a promise, representation, warranty or guarantee, whether as to the past, present or the future. To the extent permitted by law, the Beneficiaries disclaim all liability that may otherwise arise due to any information contained in this presentation being inaccurate, or due to information being omitted from this document, whether by way of negligence or otherwise. Neither the Beneficiaries nor any other person guarantees the performance of an investment with or managed by Charter Hall Group.

All information contained herein is current as at 30 June 2025 unless otherwise stated. All references to dollars ($) are to Australian dollars, unless otherwise stated.

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Charter Hall Group 2025 Full Year Results