Charter Hall FUM rises to $52 billion

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Charter Hall Group (ASX: CHC) today provides an update on property revaluations and the resultant impact on Group Funds Under Management (FUM).

The Group’s FUM Platform will generate gross valuation increases of $3.3 billion inclusive of $0.6 billion of development capex, which will result in forecast Group FUM rising to approximately $52 billion as at 30 June 2021. Group FUM has increased $12 billion over the course of FY21, providing 28% growth in FUM.

The following table dissects net valuation growth by sector across the Group’s Platform.

Sector	6 month growth (%)	12 month growth (%)
Industrial	10.8%	15.5%
Office	2.9%	3.7%
Long WALE Retail	8.7%	14.5%
Social Infrastructure	7.4%	9.9%
SC Retail	1.2%	1.3%
Total	5.9%	8.3%

Managing Director and Group CEO, David Harrison, said: “Today’s valuation outcomes demonstrate the success of our investment selection process. We’ve seen impressive valuation gains across most sectors, delivering strong returns for our investors. Our focus on securing long-leased assets to high quality tenants, often secured through off-market sale-and-leaseback transactions, or through our develop-to-core development pipeline, continues to deliver attractive enhanced returns. The net valuation growth for FY21 of $3.7 billion in addition to the $1.8 billion of capex during FY21 has complemented the $7.8 billion of acquisitions and $1.8 billion of divestments, resulting in $6.0 billion of net acquisitions for FY21 to date.”

Charter Hall Group will report Financial Year 2021 Results on 23^rd August 2021.

Announcement authorised by the Chair and Group Managing Director and CEO

Click here to view ASX announcement