Charter Hall Group (ASX:CHC) today announces its FY21 results for the period ending 30 June 2021. David Harrison Managing Director & Group CEO of Charter Hall announced, “FY21 is Charter Hall’s 30th anniversary year and its 16th as an ASX listed Group.”

“As we celebrate our 30th anniversary, we are proud to have created an Australian Funds management business of scale by global standards, but most importantly we have generated record fund inflows, gross transactions and FUM growth of $11.7 billion in FY21, whilst generating sector leading returns for our investor customers and shareholders. Since our formation, we have always been a custodian of other people’s capital. Fund management is in our DNA. Our success as a business is built upon partnering with our tenant and investor customers to drive mutually beneficial outcomes with a razor-sharp focus on being customer centric."

“This partnership approach generated $5.3 billion of gross equity inflows, with all equity sources recording strong inflows. FUM grew 29% as our strategy of securing long-leases with best-in-class tenants continued to drive returns for investors.

We transacted on a record $10.1 billion of assets, successfully deploying our investment strategies both on and off-market. Sale and leaseback transactions represented over 40% of our transaction activity as we continue to partner with tenants and investors to unlock investment opportunities. Our develop-to-core strategy also saw us deliver over $1 billion in development completions. As we begin FY22, we are well positioned with $6.7 billion of investment capacity to deploy into our $8.8 billion development pipeline, which will be further advanced with continuing equity inflows.”

Financial Highlights 

• Operating earnings of $284.3 million, reflects Operating Earnings per security (OEPS) post-tax of 61.0cps and pre-tax OEPS of 74.2cps
•  Statutory profit of $476.8 million, after tax attributable to stapled securityholders
• FY21 Distributions of 37.9cps
• FY21 Return on Contributed Equity of 16.5%

Operating Highlights

• Access: $5.3 billion of gross equity deployed and $4.8 billion of net inflows deployed
• Deploy: $10.1 billion of gross transactions, $2.1 billion of divestments 
• Manage: $52.3 billion of FUM, up 29% over FY20
•  Invest: Property Investments up $381 million to $2.4 billion, delivering a 15% total return for the year invested alongside our investor customers