Charter Hall Group · ASX:CHC
Charter Hall — FY2026 Earnings Presentation
48 slides from Charter Hall's earnings presentation, Aug 21, 2026
Slide 1: 2026 Full Year Results
Charter Hall Group 2026 Full Year Results ASX:CHC Charter Hall Group 2026 Full Year Results
Slide 2: Agenda
Agenda 1. Highlights and Strategy 2. Group Funds Management 3. Property Investment 4. Development Investment 5. Financial Results 6. Guidance 7. Additional Information NAIDOC Week at 130 Lonsdale Street, Melbourne VIC (CPOF) Acknowledgement of Country Charter Hall acknowledges the Traditional Custod
Slide 3: Highlights and Strategy
Highlights and Strategy 1 Charter Hall Group 2026 Full Year Results 1 Shelley Street, Sydney (CPOF) 3
Slide 4: FY26 Group highlights
Highlights and Strategy FY261 Group highlights Group Returns Property Investments Funds Management Platform Investment FY27 Earnings Guidance Capacity OEPS +26.8% OEPS +10.5% $488 million $3.2bn $94.3bn $6.4bn Operating earnings Co-investment portfolio Group FUM2 Group investment capacity3 103.2cps
Slide 5: Our Strategic Pillars
Highlights and Strategy Access Deploy Manage Invest Our Strategic Pillars Accessing equity from listed, Creating value through attractive Funds management, asset Investing alongside our institutional wholesale and investment opportunities management, leasing and capital partners retail investors dev
Slide 6: Operating earnings and distributions growth
Highlights and Strategy Operating Operating earnings and distributions growth earnings growth DPS (cash paid) DPS (grossed up) - Net equity inflows driving FUM growth that underpins ongoing OEPS (post-tax) growth in FM EBITDA 10 Year growth (post-tax) of 12.2% 1 115.6cps 114.0cps - FY26 OEPS of 103.
Slide 7: Group Funds Management
Group Funds Management 2 Charter Hall Group 2026 Full Year Results Motorway Industrial Park, Berrinba (CPIF) 7
Slide 8: Scale and diversification
Group Funds Management Scale and diversification $10.0bn of FUM growth from $84.3bn to $94.3bn – Diversification of equity sources and sector – 30% Office, 26% Industrial & Logistics, 20% Listed Equities, 19% Convenience Retail and 5% Social Infrastructure Group FUM by equity source Group FUM by sec
Slide 9: Property Funds Under Management (FUM) growth
Group Funds Management Property Funds Under Management (FUM) growth Property FUM curation and growth of 13.8% Property FUM growth ($bn) Property FUM by equity source ($bn) 5-year Property FUM Growth of 7.8% $1.0bn Institutional Wholesale Property 10.1% $2.1bn +1.5% +3.1% Listed REITs 5.0% $11.9bn $7
Slide 10: Property funds management portfolio
Group Funds Management Property funds management portfolio Institutional Wholesale property FUM increased by $7.7bn to $53.8bn, representing 70% of $76bn property FUM Largest diversified property portfolio in Australia Portfolio value Lettable area No. of Net rent WARR WALE Occupancy WACR Property F
Slide 11: Equity inflows
Group Funds Management Equity inflows ($m) FY23 FY24 FY25 FY26 - Record equity inflows of $6.7bn with new funds and partnerships launched and multiple mandate wins Institutional Wholesale pooled funds 817 305 2,054 2,485 - Diverse sources of equity with Institutional Wholesale partnerships & 1,432 1
Slide 12: Office
Group Funds Management Office – Modern, high-occupancy portfolio of 2.3m sqm lettable area – Strong leasing momentum continues with 294,944 sqm leased1 across 248 transactions with a 6.8 year WALE – 92% of tenant customers maintained or expanded footprint 9 Castlereagh Street, Sydney (CPOF & DOF) 10
Slide 13: Industrial & Logistics
Group Funds Management Industrial & Logistics – Modern, high-occupancy portfolio of 6.7m sqm lettable area – Strong leasing momentum with 603,874 sqm leased Ascent Logistics Centre, Alexandria (CLP) Powerlink, TradeCoast Logistics Hub, Pinkenba (CPIF) across 68 transactions - 90% repeat tenant custo
Slide 14: Convenience Retail
Group Funds Management Convenience Retail – High-occupancy portfolio of 99.0% with 2.5m sqm lettable area – Strong leasing momentum with 90,201 sqm leased across 447 transactions Garden State Hotel, Melbourne (CQR) Ampol, Dee Why (CQR) – Launched Charter Hall Convenience Retail Fund (CCRF) a newly e
Slide 15: Social Infrastructure
Group Funds Management Social Infrastructure – Providing investors with resilient income and capital growth from a social infrastructure property portfolio – High-quality tenant covenants provided by Sonic Healthcare, Brisbane (CHIP1) TAFE, Gold Coast (CQE & LWF) government and market-leading operat
Slide 16: Deep, trusted cross sector relationships
Group Funds Management Top 20 platform tenants by net income Deep, trusted cross sector relationships Transacted with 10 of the top 20 tenant customers in FY26 including 17.4% sale and leaseback with Sonic Healthcare Office – Our top 20 tenants represent 52% of Industrial & Logistics property platfo
Slide 17: FY26 property transaction activity
Group Funds Management FY26 property transaction activity $17.1bn1 of transaction activity in the full year, equivalent to 2.8x FY25 Convenience Industrial & Convenience Social ($bn) Office Shopping Centre Total1 Logistics Net Lease Retail Infrastructure Retail Acquisitions 1.0 4.3 3.3 2.0 1.1 11.7
Slide 18: Property Investment
Property Investment 3 Charter Hall Group 2026 Full Year Results Southport Park Shopping Centre, Gold Coast (CCRF) 18
Slide 19: Property Investment portfolio
Property Investment Property Investment portfolio Property Investment portfolio of $3.2bn Portfolio Value No. of WALE Occupancy WARR WACR WADR ($bn) Properties (years) (%) (%) (%) (%) 30 June 2026 3.2 1,514 8.7 97.8 3.5 5.6 7.0 30 June 2025 2.7 1,542 7.6 97.0 3.2 5.8 7.0 Sector allocation Geographic
Slide 20: Diversified Property Investment earnings
Property Investment Diversified Property Property Investment EBITDA (by sector) Investment earnings Listed Equities - Property Investment portfolio 5% provides growth and resilience given Social Infrastructure quality and strong tenant customer 8% composition Convenience SC Retail - No single asset
Slide 21: Development Investment
Development Investment 4 Charter Hall Group 2026 Full Year Results 360 Queen Street, Brisbane (CPOF) 21
Slide 22: Driving enhanced returns through our develop to core approach
Development Investment Driving enhanced returns through our develop to core approach – Development completions of $1.4bn over the last 12 months – 97% of Industrial & Logistics and 71% of Office committed projects are pre-leased1 – $5.5bn of on-completion value within planning approved Living incuba
Slide 23: National industrial development pipeline
Development Investment National industrial development pipeline Delivering strategically located essential industrial $7.1bn assets Industrial & Logistics – $0.7bn of industrial development completions across nine projects in FY26 with average WALE of 11 years – $2.5bn committed developments underwa
Slide 24: National office development pipeline
Development Investment National office development pipeline Committed (active) Projects: $7.8bn Chifley Square, North and South Tower, Sydney – Construction on budget and tracking ahead of program – Office ~70% leased2 – Signature dining restaurants secured, Retail ~65% leased2 – Electrification wor
Slide 25: FY26 Sustainability achievements
Environment Development Investment Environment Social Governance FY26 Sustainability achievements Our approach Net Zero1 Community partnerships Sustainability leadership – Platform-wide Achieved Net Zero Scope 1 and Scope 2 Invested more than $3.9 million through social Demonstrated sustainability l
Slide 26: Financial Results
Financial Results 5 Charter Hall Group 2026 Full Year Results Light Horse Logistics Hub, Eastern Creek (CPIF) 26
Slide 27: Earnings summary
Financial Results Earnings summary ($m) FY25 FY26 Change % Property Investment (PI) EBITDA1 292.0 341.6 17.0% Development Investment (DI) EBITDA 40.6 61.5 51.5% Funds Management (FM) EBITDA 1,2 271.5 293.1 8.0% - PI EBITDA $341.6m delivering Total Segment EBITDA 604.1 696.2 15.2% growth of 17.0%: fu
Slide 28: Funds management earnings
Financial Results Funds management earnings - Funds management revenue increased by 8.0% due to FUM ($m) FY25 FY26 Change % growth Funds management revenue 282.2 304.7 8.0% - Strong growth in transaction and performance revenue reflecting Transaction and performance revenue1 31.2 43.8 40.3% increase
Slide 29: Balance sheet and return metrics
Financial Results Balance sheet ($m) 30 Jun 2025 30 June 2026 and return metrics Cash 287 206 PI / DI investment portfolio 2,767 3,269 Receivables 90 107 - Available cash of $206 million Other assets1 255 187 - March 2026 MTN issue of A$250m Intangibles 113 112 for 7 years at a credit margin of Tota
Slide 30: Platform debt proactively managed
Financial Results Platform debt proactively managed Funds Platform Debt Metrics ($bn) 30 June 2025 30 Jun 2026 - $6.4bn of available liquidity plus committed and uncalled equity Total number of funds with finance 56 66 - $22.6bn of new and refinanced debt facilities were executed in Total facility l
Slide 31: Guidance
Guidance 6 Charter Hall Group 2026 Full Year Results Huntingwood Distribution Facility, Huntingwood (CLW & CPIF) 31
Slide 32: FY27 operating earnings guidance
Guidance FY27 operating earnings guidance Based on no material change in current market conditions, FY27 FY27 distribution per security guidance is for 6% growth over FY26, guidance for post-tax operating earnings per security of continuing 15 years of DPS growth. approximately 114.0 cents, represen
Slide 33: Additional Information
Additional Information 7 Charter Hall Group 2026 Full Year Results Charter Hall Offices, No.1 Martin Place, Sydney (CHOT) 33
Slide 34: Management bench experience
Additional Information Management bench experience Charter Hall Executive Committee (EXCO) David Harrison Managing Director & Group CEO >35 years industry experience Anastasia Clarke Avi Anger Carmel Hourigan Steven Bennett Natalie Devlin Richard Stacker Ben Ellis Chief Financial Diversified CEO Off
Slide 35: National expertise
Additional Information National expertise Our local knowledge builds value and Property FUM by state1 ensures success for both our tenants and investors Australia $0.3bn NT Property FUM $13.4bn $5.0bn $ 75.0bn QLD WA $3.1bn SA $33.1bn NSW & ACT Offices across Employees all major cities $18.8bn 5 ~64
Slide 36: Charter Hall investment strategies
Additional Information Charter Hall investment strategies Institutional Wholesale Listed REITs Direct Funds $71.3bn $13.8bn $9.2bn Pooled Partnerships Listed $14.7bn $4.8bn $17.5bn $6.1bn $3.7bn CPIF Industrial & Logistics PIM ASX:CLW Industrial & Logistics $9.2bn $14.2bn $5.3bn $3.4bn CPOF Office A
Slide 37: Charter Hall sector valuation movement – June 2026
Additional Information Charter Hall sector valuation movement – June 2026 Valuation movement Valuation movement Cap rate movement Cap rate movement June 2026 (6 months) 1 (12 months) 1 (6 months) 1 (12 months)1 cap rate Industrial & Logistics 2.2% 3.9% (6 bps) (8 bps) 5.2% Office 0.3% 0.8% 2 bps 1 b
Slide 38: Valuation cycle
Additional Information Charter Hall sector LFL WACR over the last 5 years Valuation cycle 6.50% Cap rate movements 6.00% more than offset by valuation growth 5.50% 5.00% - Positive valuations growth across most sectors, driven by contracted 4.50% and market rental growth - Compression of cap rates a
Slide 39: Sale and leaseback transactions (by tenant industry and partnerships)
Additional Information Sale and leaseback transactions (by tenant industry and partnerships) Transaction origination Our scale and cross sector capability creates significant sale and Government & Capital Goods Universities leaseback opportunities Transportation 3% 2% 5% Retailing 21% Household & -
Slide 40: Institutional Wholesale pooled funds and partnerships
Additional Information Institutional Wholesale pooled funds and partnerships FUM Gearing $ 53.8bn 35.9% Occupancy WALE 96.9% 7.1yrs Cap rate CHC investment 5.5% $ 2.3bn 9 Castlereagh Street, Sydney (CPOF & DOF) 40 Charter Hall Group 2026 Full Year Results 40
Slide 41: Institutional Wholesale investment performance (major funds)
Additional Information Institutional Wholesale investment performance (major funds) Relative to sector specific IPD/MSCI core wholesale indices 13.3% 11.7% 11.7% 9.9% 8.1% 5.0% 4.7% 4.7% 4.6% 4.6% 2.8% 2.8% CHOT CPOF CPIF CLP LWHP LWIP 10 years 10 years 10 years 10 years 10 years 10 years Office (%
Slide 42: Listed REITs
Additional Information Listed REITs ASX: CLW, CQR & CQE FUM Gearing $ 13.8bn 32.3% Occupancy WALE 99.0% 8.7yrs Cap rate CHC investment 5.5% $ 0.6bn Western Sydney University (WSU) campus, Parramatta (CQE) Charter Hall Group 2026 Full Year Results 42
Slide 43: Direct funds
Additional Information Direct funds FUM Gearing $ 8.4bn 41.6% Occupancy WALE 97.8% 6.2yrs Cap rate CHC investment 6.1% $ 0.3bn 68 Pitt Street, Sydney (CPOF & DOF) Charter Hall Group 2026 Full Year Results 43
Slide 44: Direct funds investment performance
Additional Information Direct funds1 investment performance With 93% of funds outperforming the benchmark since inception2 15.6% 13.1% 13.2% 12.7% 12.2% 7.9% 7.0% 7.1% 6.8% 6.3% 6.3% 6.5% 6.5% 5.7% 5.8% 6.0% 5.6% 4.9% 5.1% 4.9% 4.2% 3.6% 3.6% 2.2% 1.6% 1.7% 0.9% 0.1% 3 4, 5 4, 5 4, 5 5 3 3 6 CHOT2 C
Slide 45: CHPT Property Investment portfolio
Additional Information CHPT Property Investment portfolio Ownership Charter Hall Charter Hall PI WALE WACR WADR WARR stake1 Investment2 EBITDA Income (years) (%) (%) (%) (%) ($) ($m) Industrial & Logistics 3.5 459.4 34.4 8.9 5.2 6.9 3.5 Office 11.9 1,299.0 162.8 7.3 6.1 7.2 3.6 Convenience Shopping
Slide 46: Major fund performance review testing periods
Additional Information Major fund performance review testing periods Fund Testing frequency FY27 FY28 FY29 FY30 FY31 Charter Hall Direct Industrial Fund No. 4 (DIF4) 5 yearly • Core Logistics Partnership (CLP) 3 yearly • • Charter Hall PGGM Industrial Partnerships (CHPIP 1 & 2) 8 yearly • Charter Ha
Slide 47: Fund key and glossary
Additional Information Fund key and glossary Glossary Glossary continued. Institutional Wholesale funds / partnerships CAGR Compound Annual Growth Rate SLEP Sydney Local Environmental Plan BSWF Brisbane Square Wholesale Fund CHL Charter Hall Limited SMSF Self-Managed Super Fund CCRF Charter Hall Con
Slide 48: Further information
Further information Investor Relations Tel 1300 365 585 (within Australia) +61 2 8651 9000 (outside Australia) Email reits@charterhall.com.au Presentation authorised by the Board Our reporting suite IMPORTANT NOTICE & DISCLAIMER This presentation has been prepared by Charter Hall Funds Management Li