Report
Tony Sherlock
EUR 101.80 For Business Accounts Only

Office Performance Fees to Support Charter Hall’s Earnings For at Least Two Years

Charter Hall Group’s property funds management and performance fees for the six months to December were both slightly ahead of forecast, driving a 19% increase in operating earnings. Partly reflecting a post December purchase of a Brisbane office for AUD 370 million, the fiscal 2018 earnings guidance was raised from "at least AUD 35.9 cents per security" to AUD 37.0 cps. A major driver of earnings was the booking of AUD 25 million in performance fees from Charter Hall Office Trust, or CHOT. The ...
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Morningstar
Morningstar

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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Analysts
Tony Sherlock

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