Why Are Investors Watching ASX Property Funds Stocks Charter Hall Group (ASX:CHC), GPT Group (ASX:GPT) and Mirvac Group (ASX:MGR)?

Sonal Goyal

14 September 2026 08:49 PM AEST

Why Are Investors Watching ASX Property Funds Stocks Charter Hall Group (ASX:CHC), GPT Group (ASX:GPT) and Mirvac Group (ASX:MGR)?

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Highlights

Charter Hall Group (ASX:CHC) reported FY26 operating Earnings growth supported by higher funds under management and Equity inflows.
GPT Group (ASX:GPT) continued to operate a diversified property portfolio across retail, office and logistics assets.
Mirvac Group (ASX:MGR) delivered FY26 operating earnings growth with contributions from development and funds management activities.
The three companies provide different exposure to Australian property markets through funds management, Investment Assets and development activities.

Charter Hall Group (ASX:CHC), GPT Group (ASX:GPT) and Mirvac Group (ASX:MGR) represent three different Business models within the Australian listed property sector. While each company has exposure to real estate assets, their earnings drivers vary across property funds management, investment portfolios and development activities.

Australian Property Sector Setting

The property sector has been influenced by stabilising valuation conditions and changing financing conditions. For listed property groups, earnings performance has increasingly depended on operating income, funds under management growth and Capital allocation activity.

Property funds managers have focused on attracting institutional capital, expanding investment platforms and completing transactions, while diversified real estate groups have continued managing occupancy, rental income and development pipelines.

Charter Hall Group (ASX:CHC)

Charter Hall Group (ASX:CHC) operates as a property funds manager with exposure across office, industrial, logistics, retail and social infrastructure assets. The company earns Revenue through management fees, transaction activity and performance-related income while also investing alongside its capital partners.

For FY26 ended 30 June 2026, Charter Hall reported operating earnings of A$488.1 million, equivalent to operating earnings per security of 103.2 cents, representing growth of 26.8% compared with the prior year. Statutory profit after tax was A$427.9 million, while distributions increased to 50.7 cents per security.

The company’s funds platform expanded during the period, with group funds under management reaching A$94.3 billion. Gross equity inflows were reported at A$6.7 billion, supporting growth across its property funds management activities.

Charter Hall provided FY27 operating earnings guidance of approximately 114.0 cents per security, representing expected growth from FY26 levels. The company highlighted continued focus on capital deployment, transaction activity and expansion of its funds platform.

GPT Group (ASX:GPT)

GPT Group (ASX:GPT) is a diversified real estate investment trust with exposure across retail, office and logistics assets. The company also operates a third-party funds management platform, providing additional exposure beyond its investment portfolio.

For the half-year ended 30 June 2026, GPT reported funds from operations of A$338.8 million, equivalent to 17.7 cents per security. Adjusted funds from operations were A$263.4 million, while statutory net profit was A$400.1 million.

GPT’s portfolio maintained occupancy levels across its major asset classes, with investment portfolio occupancy reported at 97.6%. The company also reported assets under management of A$41.6 billion, reflecting activity across its investment and funds management platforms.

GPT maintained FY26 guidance for funds from operations of approximately 35.4 cents per security and a distribution of 24.5 cents per security. The company continues to manage exposure across office, retail and logistics assets while expanding its third-party capital platform.

Mirvac Group (ASX:MGR)

Mirvac Group (ASX:MGR) operates across property development, investment assets and funds management. The company has exposure to residential development, office and industrial property, along with build-to-rent initiatives.

For FY26 ended 30 June 2026, Mirvac reported operating earnings before interest and tax of A$508 million, with contributions from its development business and funds management operations. Development EBIT increased during the period, while funds management EBIT also recorded growth.

Residential activity remained an important contributor, with approximately 2,400 residential settlements completed during FY26. The company reported gearing of 24.1% and available Liquidity of A$1.6 billion.

Mirvac provided FY27 operating earnings guidance of 13.2 to 13.4 cents per security and distribution guidance of 9.9 cents per security. The company expects residential settlements to remain an important component of future earnings, supported by its development pipeline.

Sector Drivers

The performance of listed property companies is influenced by several factors, including interest rates, asset valuations, capital availability and tenant demand.

Funds management platforms such as Charter Hall Group (ASX:CHC) are closely linked to institutional investment flows and transaction activity. Diversified REITs such as GPT Group (ASX:GPT) remain dependent on portfolio performance, occupancy and rental income. Mirvac Group (ASX:MGR) has additional exposure to residential development conditions and construction activity.

Key Risks

Property sector performance remains sensitive to changes in financing costs, valuation movements and investor demand. A shift in Interest Rate expectations could affect asset values and transaction conditions.

Charter Hall Group (ASX:CHC) remains exposed to changes in capital inflows, transaction volumes and performance-related earnings. GPT Group (ASX:GPT) continues to monitor conditions across office assets, while Mirvac Group (ASX:MGR) remains exposed to residential demand, construction costs and development timing.

What Investors May Watch Next

Investors may monitor funds under management growth, transaction activity and earnings delivery across the property sector.

For Charter Hall Group (ASX:CHC), attention remains on FY27 earnings delivery and continued expansion of its funds platform. GPT Group (ASX:GPT) will continue to report on portfolio performance, funds management growth and operating earnings. Mirvac Group (ASX:MGR) will be monitored for residential settlement activity, development progress and funds management performance.

FAQs

Q: What does Charter Hall Group (ASX:CHC) focus on?

A: Charter Hall Group focuses on property funds management across office, industrial, retail and social infrastructure assets.

Q: How does GPT Group (ASX:GPT) generate earnings?

A: GPT Group generates earnings through its diversified property portfolio and third-party funds management activities.

Q: What are the main business areas of Mirvac Group (ASX:MGR)?

A: Mirvac Group operates across residential development, investment property and funds management activities.

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