Charter Hall Ranked No.1 Listed Property Fund Manager in Australia 2007

13/12/2007 - PDF Version Available

Charter Hall Group has been recognised as the No.1 Listed Property Fund Manager in Australia in 2007 by BDO Kendalls in its 13th Annual Listed Property Trust Survey.

Following on from its 7th placing in 2006, Charter Hall Group achieved the highest overall result in the 2007 BDO Kendalls Survey. Charter Hall achieved 1st and 2nd placing in the Financial and Investment categories, respectively, which combined resulted in the Group's overall first placing.

The 2007 Survey considered 46 other entities and was based on financial information disclosed in each entity's annual report for the year ended 30 June 2007. The Financial category was measured by operating cash yield, distribution return on investment, tax advantaged distributions and movement in NTA per security. The Investment category was measured by total rate of return on investment (1 and 3 year) and liquidity.

Sebastian Stevens, Director of BDO Kendalls' Corporate Finance Division, said, "Congratulations to Charter Hall. Their outstanding growth in funds under management contributed to a very impressive performance across all categories in the 2007 Survey. "

David Harrison, Charter Hall's Joint Managing Director said: "The Group is delighted to be recognised by this Survey. The award reflects the evolution of Charter Hall over the last year that has seen it become Australia's leading property fund manager in the core plus and opportunistic segment of the funds industry and it gives recognition to the importance of the co-investment model we have adopted across all our managed funds".

This announcement follows Charter Hall's recent short listing as one of the top 3 candidates for the Australasian Investor Relations Association award. Charter Hall was short listed for Best Investor Relations by a Company and was awarded 2nd place in its ASX 200-300 category. These awards recorded the combined votes of 247 fund managers and analysts.

David Southon, Charter Hall's Joint Managing Director further emphasised "Charter Hall is proud of its commitment to out performance across all funds including the listed Group, which provides a compelling and well recognised alignment of interest with all its investors".

Charter Hall has now increased assets under management to $3 billion, another milestone as the Group develops.


This information has been prepared by Charter Hall Funds Management Limited ABN 31 082 991 786; AFSL 262861 ("CHFML") for information purposes only. This website is not an offer to sell or a solicitation or an offer to subscribe or purchase or a recommendation of any securities referred to herein and the information has not taken into account any potential investors' personal objectives, financial situation or needs. Before investing, you should consider your own objectives, financial situation and needs or you should obtain financial, legal and/or taxation advice.

CHFML does not receive fees in respect of the general financial product advice it may provide, however they will receive fees for operating the schemes of which it is the responsible entity ("Schemes") which, in accordance with the Schemes' Constitutions, are calculated by reference to the value of the assets of the Schemes. Entities within the Charter Hall Group may also receive fees for managing the assets of, and providing resources to the Schemes. For more detail on fees, see our latest annual report. To contact us, call 1300 365 585 (local call cost).