The key theme of the current reporting season for the Australian real estate investment trusts is the creation of wholesale funds, managed by the listed corporate group.

Charter Hall Group, which started its life as an unlisted fund, will continue the theme with a focus on its unlisted funds stable in the coming years.

For the six months to December, Charter Hall posted a statutory profit after tax of $29.9 million, up 52.7 per cent on the prior corresponding period. The operating earnings of 11.76¢ per security was a rise of 4.6 per cent.

The interim distribution of 9.80¢, was a gain of 7.7 per cent on the previous corresponding period.

The joint managing director David Harrison reported an earnings guidance of between 22.5¢ to 23.5¢, a rise of about 5 per cent to 9 per cent on the 2102 full year.

The half-year results were marginally higher than market expectations thanks to a rise in funds under management and management fees from its industrial and office wholesale funds.

"Our strategic focus on accessing, deploying and managing equity invested in core Australian real estate has strengthened our business, delivering improved quality of earnings," Mr Harrison said.

"In line with this strategy, over the first half year we have secured $570 million of new equity commitments from our wholesale, listed and retail investors and secured $1.3 billion of Australian office, retail and industrial property assets which has increased total portfolio funds under management to $10 billion."

He said Charter Hall has a range of investors that it can source capital, from self-managed super funds, the larger institutional funds and a combination of local and overseas property securities funds.

FKP Property also released its half-year results of an underlying profit after tax of $23.6 million, up 40 per cent on the previous corresponding period, after removing the retirement revaluation component.

Under new leadership, following the departure last year of chief executive Peter Brown, FKP has adopted a back-to-basics strategy by focusing on generating cash, simplifying the business, streamlining the reporting structure and reducing management expenses.

FKP's executive chairman Seng Huang Lee said that following the capital raising in August, FKP has been focused on increasing operating cash flows, as shown by increased sales in the retirement business, the sale of three investment properties and the delivery of Aerial in Melbourne.

He said the conditions in the residential property markets remain challenging, but added there are signs in the Sydney and Brisbane markets that confidence among buyers may gradually be returning.

"We continue to make progress on consolidating ownership of the retirement portfolios under our management. Our intent is to create the largest 'pure-play' listed retirement vehicle in the Australian market," he said.

He said no distribution is to be paid from the corporate business, but could come from the FKP Property trust for the 2013 year, as the group continues with its restructuring.