Australia's Cedar Woods Properties climbs after buying new sites
05/06/2026 01:50
BUZZ-Australia's Cedar Woods Properties climbs after buying new sites ** Shares of Australia's Cedar Woods Properties CWP.AX rise as much as 5% to A$6.90, head for their biggest daily gain since April 8
** Stock has gained 3.7% so far this week, set for its best week since the week ended April 11
** Residential communities developer buys Kealba townhouse development site in Victoria and Fairfield apartment development site in Queensland for A$30.85 million ($21.97 million) and A$27.25 million, respectively
** CWP says continued profit growth expected in FY27, skewed towards the first half
** Stock down 21% YTD
($1 = 1.4039 Australian dollars)
(Reporting by Keshav Singh Chundawat in Bengaluru)
Recent news on Cedar Woods Properties
See all newsAustralia's Cedar Woods Properties falls on trading ex-dividend
Brief: Cedar Woods Properties Buys Fairfield, Qld Apartment Site For A$27.25 Million
Australia's Cedar Woods Properties climbs after buying new sites
Australia's Cedar Woods Properties soars on strong presales
Brief: Cedar Woods Properties Posts FY26 Third Quarter Update