CHC discloses FY23 results ending on June 30, 2023

Charter Hall Group (ASX: CHC) has reported strong fiscal year 2023 results, with operating earnings reaching AU$441.2 million, translating to 93.3 cps post-tax. Moreover, a statutory profit after tax of AU$196.1 million has been recorded, with this profit benefiting the company's stapled securityholders. Distributions of 42.5cps have also been announced. The company has successfully accessed AU$2.8 billion of gross equity and deployed a substantial AU$10.4 billion through various transactions.

In terms of asset management, Charter Hall Group now oversees a staggering AU$87.4 billion in funds under management (FUM), which includes a significant AU$71.9 billion in Property FUM. Their property investments have reached a total value of AU$3.0 billion. During this reporting period, the Property Investment portfolio experienced a combination of divestments and deployment activities, balanced by valuation declines.

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