Head of Listed Investor Relations
This year, we demonstrated the strength of our underlying portfolio, which continues to be the largest sector-diversified commercial property portfolio in Australia, with $71.9 billion in property funds under management (FUM) and $87.4 billion in total FUM.
The strong operational performance driven by our teams, combined with our diversified portfolio and disciplined approach to capital allocation, has seen the business once again deliver for our customers, partners, people and communities.
FY23 presented a range of challenges to economies around the world. Charter Hall also felt the effects of this economic turbulence. However, our focus on resilience, diversification and partnership allowed us to deliver above guidance earnings.
CLW continued to demonstrate the strength of its underlying portfolio, delivering strong rental growth as it navigated a challenging economic environment.
CQR's focus remained on providing investors with a highly defensive and resilient income stream by being the leading owner of convenience retail property.
As Australia’s largest ASX-listed social infrastructure REIT, CQE delivered on its strategy of providing investors with stable and secure income and capital growth.
In FY23, we continued to be guided by the business fundamentals that we have relied on for more than three decades – governance that our stakeholders can draw confidence from, environmental stewardship that helps address current and emerging challenges and a social consciousness that reminds us that our success is inextricably linked to that of our communities.
"Despite a challenging economic environment that has impacted businesses and individuals across the country, our underlying business remains strong, our people remain engaged, and our culture of partnership and mutual success continues to drive our approach.."
FY23 presented a range of challenges to economies around the world. Supply chain and labour constraints drove soaring inflation, which resulted in record interest rate rises in Australia and globally. This rapid increase in the cost of debt has impacted many asset classes
This year, we saw economies across the globe come under pressure, as supply chain disruptions lingered and high inflation drove the Reserve Bank of Australia to increase cash rates at an historic pace, with 11 rate rises during the financial year.
Funds under management (FUM)
Property Investment portfolio
Balance sheet gearing
Property funds management yield
Property investment yield
Return on contributed equity