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Wednesday, 27 October 2021

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Charter Hall

  •   18 August 2021
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Charter Hall unlisted property funds outperform in FY21

18 August 2021 - Strong results for fund investors

Charter Hall Direct, which manages four major unlisted property funds and a property securities fund currently open to retail, SMSF and high net worth investors plus an unlisted property fund exclusively for sophisticated investors or wholesale clients, has posted strong results for investors for the year ending June 30, 2021.

The four Charter Hall Direct funds, the Maxim Property Securities Fund and the Wholesale Property Series No.1 respective FY21 total returns are:

  • Charter Hall Direct Long WALE Fund (LWF): 17.1% pa (10.4% pa since inception)
  • Charter Hall Direct Office Fund (DOF): 16.3% pa (15.3% pa since inception)
  • Charter Hall Direct Industrial Fund No.4 (DIF4): 15.7% pa (11.4% pa since inception)
  • Charter Hall Direct PFA Fund (PFA): 12.1% pa (10.3% pa since inception)
  • Charter Hall Maxim Property Securities Fund (Maxim): 36.9% pa (13.2% pa over 10 years. Note: Maxim is an unlisted fund that invests in Australian listed property securities)
  • Charter Hall Wholesale Property Series No.1 (WPS1): 20.0% (17.6% pa since inception. Note: WPS1 is an unlisted fund only available to sophisticated investors or wholesale clients)

Each fund outperformed its index over the year, with the outperformance up to 11.7%.

Charter Hall Direct had an active year in term of acquisitions, with over $2 billion worth of properties added to the portfolio across the suite of four major unlisted property funds and total funds under management across the product suite rising to in excess of $8 billion as at 30 June 2021.

The occupancy of the properties acquired is 99.7% and the weighted average lease expiry (WALE) is 10.7 years.

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