Charter Hall upgrades earnings guidance on rising investment activity
The news: Property group Charter Hall has upgraded its earnings guidance for the 2026 financial year, noting heightened investment activity across its property investments and funds management platform.
The numbers: Charter Hall shares were up 0.6% to $22.30 at 1:15pm AEDT, as the benchmark ASX 200 index climbed 1.1%.
The company unveiled a 5.5% upgrade to its FY26 operating earnings guidance from 90 cents per share to 95 cents per share. This represents a 16.7% rise on its FY25 result of 81.4 cents per share.
The context: Charter Hall said the upgrade was driven by rising transaction volumes and equity inflows. The group noted that an acceleration in transaction volumes since the end of June has fuelled increased earnings across its property investment, development investment and funds management revenue lines.
The source: ASX