Charter Hall Group (ASX:CHC) Announces 2025 Half Year Results
Financial Performance
Charter Hall Group reported operating earnings of $196 million for the six months ended December 2024. The group achieved an OEPS of 41.5 cents, reflecting a 0.8% increase from the previous year. Statutory profit stood at $61.1 million, with a distribution growth of 6% plus 8.5 cents of franking credits.
Group Funds Management
The group’s Funds Under Management (FUM) reached $83.4 billion, marking an increase of $2.5 billion. Investment capacity was reported at $6.1 billion, supported by a strong balance sheet with a gearing ratio of 5.9%. The return on contributed equity was 19.5%, and the Group EBITDA margin was maintained at 84%.
Property Investment and Development
Charter Hall’s property investment portfolio grew to $2.7 billion, with significant activity in industrial and logistics sectors. Gross property transactions amounted to $4.1 billion, and Property Investment EBITDA saw a growth of 5.2%. The development pipeline stands at $13.3 billion, driving future FUM growth.
Guidance
Based on current market conditions, Charter Hall upgraded its FY25 OEPS guidance to approximately 81.0 cents per security, representing a growth of around 3x over ten years. The distribution per security guidance for FY25 is expected to grow by 6% over FY24.
Sustainability Initiatives
The group is on track to achieve Net Zero Scope 1 and Scope 2 emissions by July 2025. Over 80% of renewable electricity is supplied to assets under operational control. Charter Hall also contributed over 900 hours to corporate volunteering, focusing on housing, employment, and food security for vulnerable young Australians.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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