Charter Hall Making Hay While the Sun Shines. FVE Unchanged at AUD 5.20
Charter Hall Group’s fiscal 2017 operating earnings of AUD 35.9 cents per security, or cps, were up 18% for the year. Charter Hall is exceptionally well placed to generate high performance fees in the near term, but this benefit will be partially offset by a weaker rental growth outlook for its AUD 397 million of coinvestments in retail assets. We’ve left our fair value estimate unchanged at AUD 5.20, with narrow moat-rated Charter Hall screening as overvalued, trading around AUD 5.70.We foreca...
Charter Hall Group is engaged in the investment in property funds, and property funds management. Co. has the following two reportable segments: Property Investments, which comprises investments in property funds; as well as Property Direct Investments, which comprises direct interests in investment properties; and Property Funds Management, which comprises funds management services, property management services and other property services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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