<AD>

<WIRE> Charter Hall Group (ASX:CHC) gains significant on fiscal 2023 earnings report



Charter Hall Group (ASX:CHC) stocks jumped significantly by up to 5.7% to A$10.99 marking a highly successful day.

If these gains were to hold, it would be the company’s best performing day since February 2 of this year.

The Real Estate Investment Trust (REIT) disclosed its operating earnings per share for the 12 months ending on June 30, which yielded a pleasantly surprising 93.3 Australian cents.

This outcome surpassed the Visible Alpha consensus estimates with a 2% beat.

The results surpassed Jefferies', a notable brokerage firm, consensus estimates by 2.1%.

Yet, the company’s property investment valuation for the fiscal year decreased by 162% to A$220.7 million.

Despite this downturn of events, the company’s shares reached their peak since August 10.

However, the stock was still down by 13.2% for this year, as of last report.

The Charter Hall Group is a property investment company that invests in high quality property across various commercial sectors.


View full chart on Save $30 on a Pro or Premium TradingView account

Save $30 on a Pro or Premium TradingView account


Supported by

<SPON> Trade share CFDs with Plus500



Global online trading services company, Plus500:

Plus500 trading platform allows you to trade shares from all popular markets such as USA, UK, Germany and more, with leverage and low spreads. Using our advanced trading tools, you can also control your profits and losses.

Plus500AU Pty Ltd, AFSL #417727 issued by Australian Securities and Investments Commission. Based in Sydney.

LINK


Subscribe to the newsletter

Receive whispers every day in your inbox.