Charter Hall has reported a 68.1 per cent drop in statutory profit after tax of $16.7 million for the full year of 2012.

This is in comparison to the property group’s revenue that increased by 12.8 per cent to $123.6 million from $109.6 last year.

The company highlighted during the year across its unlisted wholesale and retail platforms it secured over $1 billion in equity, with an additional $319 million secured since 30 June 2012.

The Group’s property investment portfolio is diversified across the core property sectors of office, retail and industrial. The portfolio’s top ten tenants includes high quality Australian companies such as Wesfarmers, Woolworths, Citigroup, BHP Billiton and Australian Government agencies and represent 42.7 per cent of the total portfolio’s gross income.

Charter Hall joint managing director David Harrison described the 2012 financial year as being a “very active year” for the group.

“This momentum has continued with the acquisition of the $164 million Bay Village Shopping Centre with a wholesale global institutional partner. In addition, unlisted retail investor fund inflows have included Direct Industrial Fund and 144 Stirling Street Trust and most recently by acquisition of the $422 million PFA Diversified Property Trust,” he said.

Charter Hall now expects to see operating earnings for the financial year ended 30 June 2013 to be in the range of a 5 per cent to 7 per cent growth over financial year 2012.