Charter Hall Retail Real Estate Investment Trust announced earnings results for the six months ended December 31, 2017. For the six months period, the company's revenue from ordinary activities was AUD 117.9 million against AUD 108.1 million a year ago. Profit from ordinary activities after tax attributable to members was AUD 80.8 million against AUD 178.9 million a year ago. Profit for the period attributable to members was AUD 80.8 million against AUD 178.9 million a year ago. Operating earnings was AUD 61.9 million against AUD 61.7 million a year ago. Basic earnings per unit were AUD 19.95 against AUD 44.11 a year ago. Operating earnings per unit was AUD 15.30 against AUD 15.21 a year ago. Increased earnings are predominantly due to net property income growth during the period impacted by the timing of developments and the REIT's asset recycling strategy. Net tangible asset backing per unit was AUD 4.19 as on 31 December 2017, compared with AUD 4.13 as on 30 June 2017. During the period the company continued to invest in the quality of the portfolio through development and capital expenditure totaling AUD 28 million.

Following recent asset sales and acquisitions and barring unforeseen events, the company's fiscal year 2018 guidance for operating earnings is now AUD 0.304 to AUD 0.306 per unit.