Charter Hall Group Full Year 2024 Earnings: Misses Expectations

Charter Hall Group (ASX:CHC) Full Year 2024 Results

Key Financial Results

• Revenue: AU$597.8m (down 31% from FY 2023).
• Net loss: AU$222.1m (down by 213% from AU$196.1m profit in FY 2023).
• AU$0.47 loss per share (down from AU$0.41 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Charter Hall Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) was also behind analyst expectations.

The primary driver behind last 12 months revenue was the Funds Management segment contributing a total revenue of AU$448.6m (75% of total revenue). The most substantial expense, totaling AU$503.9m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how CHC's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 4.8% decline forecast for the REITs industry in Australia.

Performance of the Australian REITs industry.

The company's shares are up 15% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Charter Hall Group's balance sheet and an in-depth analysis of the company's financial position.

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