Charter Hall Group (ASX:CHC) saw a record AU$6.5 billion of equity flows in the first three quarters of fiscal 2026, the highest in its 35-year history, and the final fiscal year flows are expected to be somewhere around AU$7.5 billion to AU$8 billion, according to a Friday note by Jefferies.

It added 25 new institutional investors to the platform over the past 18 months, supporting future operating leverage. Upgraded fiscal 2026 guidance implies 26.5% operating earnings-per-share growth year-over-year.

A large part of its near-term earnings growth story is expected to be led by acquisition fees. Compounding this will be the annualized base-fee earnings benefit from fiscal 2026 deployment, which stood at AU$6.4 billion in the first half. Despite deployment also at record levels in the fiscal year, the platform maintains significant dry powder to drive assets under management and transaction fee revenues.

The investment firm assigned a buy rating on Charter Hall Group and a price target of AU$33.82 per share.