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Charter Hall model delivers bumper return despite disruption

Nick Lenaghan
Nick LenaghanProperty editor

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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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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com

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    Original URL: https://www.afr.com/property/commercial/charter-hall-model-delivers-bumper-return-despite-disruption-20210821-p58ks3