Charter Hall Group's reported FY22 earnings of 115.6c were ahead of Morgan Stanley and 112c guidance, due to higher than expected performance fees. But with those big fees booked, FY23 guidance is for 90c, albeit still better than expected.

Net equity inflows were $4bn for the year, but $2.2bn in the the first half. Slower second half inflows simply reflect no raisings in the listed funds in the peiod, the broker notes, while unlisted inflows remained strong.

Property revaluations contributed 40% of FY22 funds under management growth, but again the pace slowed in the second half.

Equal-weight and $13.45 target retained. Industry view: In-Line.

Sector: Real Estate.

Target price is $13.45.Current Price is $13.36. Difference: $0.09 - (brackets indicate current price is over target). If CHC meets the Morgan Stanley target it will return approximately 1% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2022 Acquisdata Pty Ltd., source FN Arena