Charter Hall Group's (ASX:CHC) equity inflows of AU$6.7 billion, up 97% year over year, implied a sharp slow down in the fiscal fourth quarter to around AU$200 million, compared with AU$1.7 billion in the prior quarter, Jefferies said in a Friday note.
Its fiscal 2026 operating earnings were AU$488 million, or AU$1.032 per unit, 1% below the brokerage's forecast of AU$491 million, or AU$1.039 per unit. Its fiscal 2027 guidance again assumes no performance fee revenues the year.
Group funds under management increased AU$10 billion year over year to AU$94.3 billion, driven primarily by a AU$9.2 billion increase in real estate funds under management. Funds management earnings before interest, taxes, depreciation, and amortization margins improved 50 basis points on an annual basis to nearly 63%.
The investment firm maintained a buy rating and AU$33.82 price target on Charter Hall.
Charter Hall Group's shares were down nearly 8% in recent Friday trade.
