Charter Hall Group (ASX:CHC) today announced its full year results for the 12 months to 30 June 2017. Key financial and operational highlights for the period comprise:
Financial highlights:
- Statutory profit after tax of $257.6 million, up 19.7%
- Operating earnings per security pre-tax of 40.5 cents, up 33.3%
- Operating earnings per security post-tax of 35.9 cents, up 18.1%
- NTA growth of 56 cents per security to $3.60, up 18.1%
- Distribution of 30.0 cents per security, up 11.5%
Operational performance:
- Access: Secured $2.3 billion of gross equity flows in FY17. With $5.5 billion and $8.1 billion gross equity raised over the past three and five years respectively
- Deploy: Completed $5.2 billion of gross property transactions
- Manage: 13.7% growth in funds under management to $19.8 billion. Completed 646 leasing transactions during the period
- Invest: Property Investment Portfolio increased by 39% to $1,527m comprising $304 million of net investments and $118 million of net revaluations. Attractive Property Investment earnings yield of 6.9%
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