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.