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CHARTER HALL GROUP — Capital/Financing Update 2021
Apr 29, 2021
64645_rns_2021-04-29_1814ce9e-30f2-4673-8a92-ad81530d2a27.pdf
Capital/Financing Update
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ASX Release
Upgraded Earnings Guidance 30 April 2021
Charter Hall Limited ACN 113 531 150
Charter Hall Funds Management Limited ABN 31 082 991 786 Level 20, No.1 Martin Place Sydney NSW 2000 GPO Box 2704 Sydney NSW 2001 T +61 2 8651 9000 F +61 2 9221 4655 www.charterhall.com.au/
Charter Hall Group (ASX:CHC) today announces upgraded earnings guidance for FY21.
The Group’s previous FY21 guidance was for post-tax operating earnings per security of no less than 55 cents per security and distribution per security growth of 6% over FY20.
Based on no material change in current market conditions and assuming the COVID-19 operating environment does not deteriorate markedly, FY21 guidance is upgraded to post-tax operating earnings per security of no less than 57 cents per security. This does not include any accrual for performance fees from future periods that may subsequently be realised.
FY21 distribution per security guidance is unchanged at 6% growth over FY20.
Charter Hall’s Managing Director and Group CEO, David Harrison said “Our Direct business has continued to enjoy strong inflows reflecting the quality of these portfolios and the attractive returns they offer. This has resulted in capital deployment that exceeded our previous expectations.
“As we look towards FY22, we have significant investment capacity across the platform, a strong pipeline of deployment opportunities both off-market and from our development book, as well as uncrystallised performance fees embedded in many of our funds.”
Announcement Authorised by the Board
Charter Hall Group (ASX: CHC)
With over 29 years' experience in property investment and funds management, we're one of Australia's leading fully integrated property groups. We use our property expertise to access, deploy, manage and invest equity across our core sectors - office, industrial & logistics, retail and social infrastructure.
Operating with prudence, we've carefully curated a $46.4 billion diverse portfolio of 1,395 high quality, long leased properties. Partnership and financial discipline are at the heart of our approach. Acting in the best interest of customers and communities, we combine insight and inventiveness to unlock hidden value. Taking a long-term view, our $7 billion development pipeline delivers sustainable, technologically enabled projects for our customers.
The impacts of what we do are far-reaching. From helping businesses succeed by supporting their evolving workplace needs, to providing investors with superior returns for a better retirement, we're powered by the drive to go further.
For further enquiries, please contact For investor enquiries, please contact For media enquiries, please contact David Harrison Philip Cheetham Adrian Harrington Managing Director and Group CEO Head of Listed Investor Relations Head of Capital and Product Development Charter Hall Charter Hall Charter Hall T +61 2 8651 9142 T +61 403 839 155 T + 61 410 489 072 [email protected] [email protected] [email protected]
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