Charter Hall upgrades guidance as funds flow in
Nick LenaghanProperty editor
Key Points
- Revenue ($m) 248.3, down 30pc from year-earlier 356.9
- Pre-tax profit ($m) 206.0 v 381.5
- Net profit ($m) 173.2 v 313.2
- Interim dividend (¢) 18.6 v 17.5, payable February 26
Property fund manager Charter Hall has upgraded its earnings guidance for the full 2021 year after a busy first half of deal-making and winning strong inflows of capital, putting it within reach of running a $50 billion platform.
The fund manager led by David Harrison is forecasting post-tax operating earnings per security of no less than 55¢, excluding any accrued performance fees. Its previous guidance was 53¢.
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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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