Charter Hall Group issued a strong earnings upgrade today as it expects post-tax operating earnings per security growth of 24%, well above its previous guidance due to higher than expected performance fee earnings. The Group’s previous FY19 guidance was for post-tax operating earnings per security growth of 14-17% over FY18. When the impact of the Charter Hall Office Trust performance fee is removed from FY18 and FY19 earnings, today’s guidance implies post tax operating earnings growth of approximately 15%. The group also announced that net revaluations for the six months to 30 June 2019 are expected to be approximately $450 million higher across the funds management platform ($1.1 billion for FY19) or 1.6% growth in FUM over the $28.4 billion as at 31 December 2018. This FUM increase is over and above the impact of on-going development expenditure and net acquisitions. The estimated FUM at 30 June 2019 is $30.2 billion, an increase of 6.3% or $1.8 billion for 6 months representing an increase of 30% or $7.0 billion for FY19. #CharterHall