Virly Cascales Maestre
Investor Relations and Corporate Access Executive
Despite persistent challenges impacting the economy, we navigated headwinds alongside our customers, strengthening our partnerships and maintaining a highly engaged workforce, setting the foundation for future growth.
Our tenant and investor customer relationships are key to our resilience, while our focus on cost control and discipline across the platform has enabled us to deliver operating earnings in line with our guidance, at $385.7 million, or 75.8 cps. We continue to hold the largest sector-diverse commercial property portfolio in Australia, with Group FUM of $80.9 billion and property FUM of $65.5 billion.
Our continued commitment to curating resilient and diversified portfolios and working closely with our tenant and capital partners saw Charter Hall navigate FY24’s turbulent economic conditions and deliver growth. Our continued commitment to curating resilient and diversified portfolios and working closely with our tenant and capital partners saw Charter Hall navigate FY24’s turbulent economic conditions and deliver growth.
"Despite persistent challenges impacting the economy, we navigated headwinds alongside our customers, strengthening our partnerships and maintaining a highly engaged workforce, setting the foundation for future growth."
David Clarke, Chair
In the face of economic challenges, CLW successfully divested non-core assets, reducing near term lease expiry risk, strengthening its balance sheet, and preparing the portfolio for future growth.
Our blended portfolio of convenience shopping centre and triple net retail assets continue to deliver an attractive income growth profile with lower capital commitments. With balance sheet capacity, CQR is well-placed for further portfolio curation.
CQE continues to invest in properties that deliver essential community services, this year divesting a number of non-core assets to set the portfolio up for strong income growth.
FY24’s unique challenges have only strengthened our commitment to our people, our partners, our communities and the environment. We continue to advance our decarbonisation efforts, remain focused on delivering a workplace experience that embraces
and empowers our people, and engage with our communities to create long-term, meaningful impact.
Investor Relations and Corporate Access Executive