Charter Hall Confident on Earnings

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Tuesday, August 18th, 2015
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Property giant Charter Hall Retail has lifted its annual profit by 29 per cent and expects stronger earnings in the year ahead.

The group, which owns shopping centres and office blocks, lifted net profit to $172.3 million in the 12 months to June 30, from $133.4 million, excluding earnings from discontinued operations.

Charter Hall also announced plans to tap investors for $50 million to help it buy two regional shopping centres in NSW and the Northern Territory in a deal worth $94.9 million.

It forecast operating earnings between 30.25 and 30.75 cents per unit for the year ahead, up from 29.7 cents per unit in 2014/15.

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