Charter Hall posts $488.1M FY26 operating earnings

• Charter Hall Group announced operating earnings of $488.1 million for the 2026 financial year.
• Operating earnings per security increased by 26.8%, while the company's stock price fell.
• The business stated it aims to match real estate opportunities with long-term tenant demand.

Charter Hall Group (ASX:CHC) announced operating earnings of $488.1 million for the 2026 financial year.

The outcome reflects a 26.8% increase in operating earnings per security to $1.03.

Statutory earnings came to $427.9 million. Group FUM increased $10 billion to $94.3 billion, consisting of $76 billion of Property FUM.

Portfolio occupancy remains high at 97.8%, with a weighted average lease expiry of 8.7 years, a weighted average rent review of 3.5% and a portfolio cap rate of 5.6%.

"The property funds management business is growing across all sectors and capital sources. Institutional and wholesale capital was the primary source of growth, supported by new institutional investors and existing investors increasing and diversifying their holdings," said Charter Hall Managing Director and Group CEO David Harrison.

The company stated it targets sustainable growth, and following the announcement the Charter Hall share price was down at $22.11.

FY27 guidance is for post-tax operating earnings per security of approximately $1.14, representing 10.5% growth over FY26.