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%.
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