Charter Hall model delivers bumper return despite disruption
Charter Hall’s property funds management model has stood the test of time and a year of disruption, beating its earnings guidance for fiscal 2020-21 and flagging a further 6 per cent lift in distributions this year.
As shareholders and analysts embraced the full-year 2020-21 result – the stock jumped 6.5 per cent, or $1.12, to $18.37 – managing director David Harrison hailed the effectiveness of the platform, which, in its 30th year, garnered record fund inflows, gross transactions and funds growth of $11.7 billion.
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