Charter Hall Group is confident of delivering a lift in full-year earnings after posting a strong increase in first-half profit.
In the six months to December 31, Charter Hall posted a net profit of $39.9 million, a 39.5 per cent lift on the previous corresponding period's $28.6m.
Revenue in the same period was $66.9m, an 11.9 per cent increase.
The company will pay an interim dividend of 12.1c on February 27 to shareholders who were on the register at December 31, 2014.
Shares bounced on the news, jumping 1.02 per cent to $4.465 at 10.15am (AEDT) against a benchmark index rise of 0.17 per cent.
Charter Hall expects to deliver operating earnings growth per security of between 7 and 9 per cent in fiscal 2015, while the distribution payout ratio is seen between 85 and 95 per cent of operating earnings.
The property fund manager and developer noted the Australian property yield spread to bond yields and the cost of debt remains attractive for domestic and offshore investors.
It said it will continue to focus on investing in assets with strong tenant covenants and long leases in a bid to deliver sustainable income and capital growth for investors.