ASX-listed property fund manager Charter Hall reported a $190 million loss in the first half of FY24, primarily due to a $282.3 million real estate writedown.

Operating earnings post-tax declined 18.7% to $195.1 million, driven by a 30.6% drop in funds management revenue, attributed to lower transaction and performance revenue.

Funds under management went down to $82.6 billion.

Charter Hall reaffirmed its FY24 guidance, expecting post-tax operating earnings per security of approximately 75 cents and a 6% growth in distribution per security compared to the previous year.